Public

US Securities Class Action

Olaplex has reached a settlement with $OLPX investors over claims that it failed to disclose risks tied to a now-banned ingredient in its top product.

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.

Olaplex Holdings Inc

All persons and entities who purchased or otherwise acquired Olaplex’s publicly traded common stock pursuant and/or traceable to the Offering Documents for Olaplex’s IPO, and who were damaged thereby.

Do I have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate.

You can participate in the settlement and retain (or sell) your securities.

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims - the average payout will be $0.60 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $2.4 per share.

If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.

11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:

2. Audit the claim and make sure you get the maximum possible payout.

3. File a claim with the settlement administration.

4. Correspond with the settlement administration to resolve emerging issues.

5. Deliver payout directly to your brokerage account.

There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.

Olaplex ($OLPX) Investor Settlement

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