Olaplex’s $47.5 Million Investor Accord Gets Final Court Nod (1)

Olaplex Holdings Inc.‘s $47.5 million settlement earned a judge’s final approval to end allegations that its initial public offering documents didn’t disclose the European Union banned an ingredient formerly used in one of its products.

Judge Stephen V. Wilson approved the agreement in an order entered Monday. The US District Court for the Central District of California judge previously said the IPO paperwork was plausibly misleading because the luxury hair care company presented the possibility of prohibitions on certain ingredients and ensuing business impacts as a hypothetical—but the EU already barred lilial, which had been in one of its ...