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OLPX.US
id: 412
C.D. California
Court
2:22-cv-08395
Case number
09/30/2021
Class period Start
10/17/2023
Class period End
On October 18, 2022, after the market close, Olaplex (OLPX) announced a disappointing guidance cut and the sudden departure of the COO, Tiffany Walden.

On this news, OLPX stocks dropped over 56% and lost about $3.6 billion of its capitalization.

No factors or earlier statements by the Company foreshadowed such a turn of events. “We find COO Tiffany Walden’s sudden resignation…concerning,” writes JPMorgan analyst Andrea Teixeira.

Overall, Investors in Olaplex shares have grounds to suspect that the Company and its Leaders misinformed them about business prospects and developments.
Case Status
Motion to dismiss
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Negligence
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10/18/2022
Filing date
04/28/2023
Collecting participants…

Olaplex Holdings Inc

Olaplex Holdings, Inc., through its subsidiaries, develops, manufactures, and sells haircare products in the United States and internationally. The company offers hair care shampoos and conditioner...

    Ticker
    OLPX.US
    ISIN
    US6793691089
    CIK
    0001868726
    Sector
    Consumer Cyclical
    Industry
    Specialty Retail
    Country
    USA
    Address
    432 Park Avenue South, New York, NY, United States, 10016