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Stock impact report

Waldencast’s (WALD) Latest Admitted Improper Accounting Prompts Investigation Into Possible Securities Law Violations - Hagens Berman

Waldencast plc - Class A Ordinary Share (WALD) 
Company Research Source: GlobeNewswire
SAN FRANCISCO, March 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ: WALD) investors who suffered substantial losses to submit your losses now. Visit: www.hbsslaw.com/investor-fraud/wald Contact An Attorney Now: WALD@hbsslaw.com                                                   844-916-0895 Waldencast plc (NASDAQ: WALD) Investigation: On Mar. 22, 2024, shares in Waldencast fell 11%, after the global beauty and wellness company revealed further accounting adjustments to prior financial statements for its beleaguered Obagi Skincare business. Waldencast acquired Obagi in July 2022 as part of a $1.2 billion three-way business combination with Obagi and Milk Makeup, billing Obagi as an industry-leading, advanced skin care line positioned in the high-growth dermo-cosmetic category. But over the past year, a series of accounting missteps at Obagi have flagged the company. Problems with Obagi’s financial reporting were first revealed on May 2, 2023, when Walde Show less Read more
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