OLAPLEX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Olaplex Holdings, Inc. – OLPX

NEW ORLEANS, Nov. 25, 2022 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF accomplice, former Legal professional Basic of Louisiana, Charles C. Foti, Jr., remind traders that they’ve till January 17, 2023 to file lead plaintiff purposes in a securities class motion lawsuit towards Olaplex Holdings, Inc. (NasdaqGS: OLPX), in the event that they bought or acquired the Firm’s shares pursuant and/or traceable to the Firm’s September 2021 preliminary public providing (the “IPO”).  This motion is pending in america District Courtroom for the Central District of California.

What You Might Do

When you bought or acquired shares of Olaplex as above and want to talk about your authorized rights and the way this case would possibly have an effect on you and your proper to get better to your financial loss, you could, with out obligation or price to you, contact KSF Managing Accomplice Lewis Kahn toll-free at 1-877-515-1850 or by way of electronic mail ([email protected]), or go to https://www.ksfcounsel.com/instances/nasdaqgs-olpx/ to study extra. When you want to function a lead plaintiff on this class motion, it’s essential to petition the Courtroom by January 17, 2023.  

In regards to the Lawsuit

Olaplex and sure of its executives and others are charged with failing to reveal materials info in its IPO Registration Assertion and Prospectus (collectively, the “Providing Paperwork”), violating federal securities legal guidelines. 

The alleged false and deceptive statements and omissions embrace, however should not restricted to, that: (i) macroeconomic pressures and competitors within the haircare market had been extra sturdy than the Firm had represented to traders; (ii) accordingly, the Firm was unlikely to keep up its gross sales and income momentum; (iii) because of this, it was unlikely that the Firm would be capable of obtain the monetary and operational progress projected within the Providing Paperwork; and (iv) because of the foregoing, the Firm’s Providing Paperwork had been materially false and deceptive in any respect related instances.

The case is Lilien v. Olaplex Holdings Inc. et al., Case No. 22-cv-8395.

About Kahn Swick & Foti, LLC

KSF, whose companions embrace former Louisiana Legal professional Basic Charles C. Foti, Jr., is among the nation’s premier boutique securities litigation legislation corporations. KSF serves a wide range of purchasers – together with public institutional traders, hedge funds, cash managers and retail traders – in looking for recoveries for funding losses emanating from company fraud or malfeasance by publicly traded corporations. KSF has workplaces in New York, California, Louisiana and New Jersey.

To study extra about KSF, you could go to www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Accomplice
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC