Olaplex Agrees to Pay Tentative Settlement to $OLPX Investors — Here’s How to Get Your Share

Court: C.D. California

Case: 2:22-cv-08395

Olaplex has agreed to pay a settlement to OLPX investors to resolve claims that the company misled shareholders before a major revenue cut and executive resignation.

What is this settlement?

On October 18, 2022, Olaplex announced a sharp guidance cut and the sudden resignation of COO Tiffany Walden. The following day, OLPX dropped over 56%, wiping out approximately $3.6 billion in market value.

Following this, Olaplex was sued by shareholders and has now reached a tentative settlement to resolve the case.

What can you do to recover your losses now?

While the details are still being finalised, you can already submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.