Olaplex Holdings $47.5M Securities Class Action Settlement

Consumers who purchased or otherwise acquired publicly traded common stock of Olaplex Holdings Inc. on or before Nov. 12, 2021, pursuant and/or traceable to the company’s initial public offering and allegedly suffered damages as a result may qualify to claim a cash payment from a class action settlement.

Olaplex Holdings Inc. agreed to pay $47.5 million to settle a class action lawsuit alleging violations of federal securities laws related to its IPO. The lawsuit claimed the company’s offering documents contained materially false or misleading statements or omissions, particularly regarding regulatory impacts and product safety risks.

Who is eligible to file a claim?

Class members must meet all of the following criteria:

• They purchased or otherwise acquired Olaplex publicly traded common stock on or before Nov. 12, 2021.
• They made the purchase or acquisition pursuant and/or traceable to the offering documents for Olaplex’s IPO (i.e., shares bought between Sept. 29, 2021, and Nov. 12, 2021).
• They allegedly suffered damages as a result of the purchase or acquisition.

Eligibility details:

• If the class member purchased shares through a mutual fund, the fund itself (not individual investors) is eligible.
• Beneficial owners who held shares through third parties (such as brokerages) are eligible but must provide documentation.
• Legal representatives (executors, trustees, etc.) may file on behalf of eligible owners with proof of authority.
• Joint owners must all sign the claim form.

How much is the securities payout?

Pro rata payment: The total settlement fund is $47.5 million, which the settlement administrator will distribute to eligible class members after deducting court-approved attorneys’ fees, litigation expenses, taxes and administrative costs. The average recovery is estimated at $0.60 per allegedly damaged share before deductions and about $0.44 per share after deductions. However, the actual payment will depend on several factors, including:

• The number and value of valid claims submitted
• The total net settlement fund after deductions
• When and how many shares the class member purchased and sold
• Whether the class member held or sold the shares and at what price

The plan of allocation uses a pro rata formula based on recognized loss for each share, which the settlement administrator will determine as follows:

• For shares sold before Nov. 17, 2022: Recognized loss = purchase price (up to $21) minus sale price
• For shares sold after Nov. 17, 2022, through July 31, 2025: Recognized loss = purchase price (up to $21) minus sale price (not less than $5.75, the closing price on Nov. 17, 2022)
• For shares held after July 31, 2025: Recognized loss = purchase price (up to $21) minus $5.75

If the calculation results in a negative number (a gain), the recognized loss is zero.

If the total recognized claims exceed the net settlement fund, the settlement administrator will reduce payments proportionally

How to claim a securities payment

Class members can file a claim online or download, print and complete the PDF claim form to mail to the settlement administrator. The claim deadline is Nov. 24, 2025.

Settlement administrator's mailing address: Olaplex Securities Settlement c/o Epiq Systems Inc., P.O. Box 2167 Portland, OR 97208-2167

Class members who do not receive an acknowledgment postcard within 60 days of submitting their claim should contact the claims administrator at 1-877-879-0943 or info@OlaplexSecuritiesSettlement.com.

Is proof or documentation necessary to submit a claim?

Yes. All claimants must provide documentation, such as broker trade confirmations or other proof of their transactions in Olaplex common stock (do not send originals). Failure to provide documentation may result in claim rejection or delay. The claim deadline is Nov. 24, 2025.

Documentation details:

• Class members must provide documentation for each transaction (purchase, sale and holding).
• Legal representatives must provide proof of authority.
• Joint owners must all sign the claim form.

Payout options

• Paper check

$47.5 million settlement fund

The $47,500,000 settlement fund covers:

• Settlement administration costs: To be determined
• Attorneys' fees: Up to $11,875,000
• Attorneys' expenses: Up to $875,000
• Lead plaintiff service award: Up to $20,000
• Payments to class members: Remaining net settlement fund after deductions

Any unclaimed funds after distribution may be redistributed to claimants or donated to a nonprofit organization the court approves.

Important dates

• Deadline to request exclusion: Nov. 10, 2025
• Deadline to file a claim: Nov. 24, 2025
• Fairness hearing: Dec. 1, 2025

When is the Olaplex securities settlement payout date?

The settlement administrator will distribute payments after the court grants final approval of the settlement and resolves any appeals.

Why did Olaplex settle this lawsuit?

The class action lawsuit alleged Olaplex and other defendants violated federal securities laws by making false or misleading statements or omissions in their initial public offering documents, particularly regarding regulatory impacts and product safety.

Olaplex denied all allegations of wrongdoing but agreed to settle to avoid the burden, expense and uncertainty of continued litigation.

Sources

1. Class notice
2. Claim form
3. Settlement agreement