NEW ORLEANS, LA / ACCESSWIRE / January 12, 2023 / Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 17, 2023 to file lead plaintiff applications in a securities class action lawsuit against Olaplex Holdings, Inc. (NASDAQ:OLPX), if they purchased or acquired the Company's shares pursuant and/or traceable to the Company's September 2021 initial public offering (the "IPO"). This action is pending in the United States District Court for the Central District of California.
What You May Do
If you purchased or acquired shares of Olaplex as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-olpx/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 17, 2023.
About the Lawsuit
Olaplex and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the "Offering Documents"), violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) macroeconomic pressures and competition in the haircare market were more robust than the Company had represented to investors; (ii) accordingly, the Company was unlikely to maintain its sales and revenue momentum; (iii) as a result, it was unlikely that the Company would be able to achieve the financial and operational growth projected in the Offering Documents; and (iv) as a result of the foregoing, the Company's Offering Documents were materially false and misleading at all relevant times.
The case is Lilien v. Olaplex Holdings Inc. et al., Case No. 22-cv-8395.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
1100 Poydras St., Suite 3200
New Orleans, LA 70163
SOURCE: Kahn Swick & Foti, LLC