Lilien v. Olaplex Holdings, Inc.

On February 27, 2023, Labaton Keller Sucharow was appointed lead counsel in a securities class action against Olaplex Holdings, Inc. (Olaplex).  The action alleges Olaplex made false and misleading statements by failing to disclose macro-economic pressures and competition in the haircare market.  Accordingly, the company was unlikely to maintain its sales and revenue momentum and achieve the financial and operational growth projected in its offering documents.

The case is Lilien v. Olaplex Holdings, Inc. et al., Case No. 22-cv-08395, in the U.S. District Court for the Central District of California.  Labaton Keller Sucharow represents lead plaintiff Arkansas Teacher Retirement System.