Olaplex plans to appeal a recent court decision that vacated a judgement the company had won against L’Oréal.
Earlier this month, the U.S. Court of Appeals for the Federal Circuit vacated a $66 million judgement that Olaplex had won against L’Oréal for trade secret misappropriation, breach of a non-disclosure agreement and patent infringement. In a statement, Olaplex’s chief operating officer and chief legal officer Tiffany Walden said: “While L’Oréal has been successful arguing for a technical legal reversal of the trade secret verdict on appeal, we stand by the jurors’ unanimous decision on the claim after hearing the full facts and evidence in this case.
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