Olaplex latest: L’Oréal must pay US$50 million, says judge

Olaplex latest: L’Oréal must pay US$50 million, says judge

A federal judge has ended speculation over the exact level of damages due to Olaplex following its victory against L’Oreal USA last week, according to a report published by Reuters.

Olaplex was awarded close to US$100 million by the jury at trial but the verdict has since been revisited after both parties agreed that jurors had miscalculated.

A judge has now revised the amount L’Oréal must pay to Olaplex to US$50 million plus fees in recompense for breaching two patents, stealing trade secrets and breaching confidentiality during takeover talks between the two companies.

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