• Olaplex set a proposed settlement in consolidated shareholder derivative litigation in US federal court in California.
• Deal calls for corporate governance reforms; no cash recovery for shareholders.
• Insurers to fund USD 700,000 in plaintiffs’ legal fees, subject to court sign-off; plaintiffs may seek USD 2,500 service awards each.
• Court set a settlement hearing for July 27, 2026; objections due by July 6, 2026.
• Settlement would dismiss the cases with prejudice, release related claims, withdraw a books-and-records demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Olaplex Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605291615PRIMZONEFULLFEED9728830) on May 29, 2026, and is solely responsible for the information contained therein.