NEW
YORK, Dec. 2, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Olaplex Holdings, Inc.
(NASDAQ: OLPX).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/olaplex-holdings-loss-submission-form/?id=34213&from=4
This lawsuit is on behalf of persons and entities that purchased
or otherwise acquired Olaplex common stock pursuant and/or
traceable to the Company's initial public offering conducted on or
around September 30, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
January 17, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Olaplex Holdings, Inc. issued
materially false and/or misleading statements and/or failed to
disclose 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; and (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, the offering documents were
materially false and/or misleading and failed to state information
required to be stated therein.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law
