Olaplex settles derivative suit with $700K in fees and governance reforms; court preliminarily approves

OLAPLEX HOLDINGS, INC.

United States District Court preliminarily approved settlement of In re Olaplex Holdings Stockholder Derivative Litigation on May 7, 2026.
Settlement requires Olaplex to adopt corporate governance reforms and pay $700,000 in plaintiffs' attorneys' fees and expenses.
Three plaintiffs each to receive $2,500 service award from the fee amount.
Final approval hearing set for July 27, 2026 before Judge Stephen V. Wilson in Los Angeles.

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