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Case Status:    ONGOING  
—On or around 05/31/2024 (Date of last review)
Current/Last Presiding Judge:  
Hon. Sherilyn Peace Garnett

Filing Date: November 16, 2023

According to the Complaint, The Beauty Health Company is a health and beauty company which provides “skin health experiences.” Its leading product is Syndeo, a data-connected hydradermabrasion machine, which launched in the United States in March 2022.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that Syndeo 1.0 and 2.0 devices had issues leading to “frequent treatment interruptions;” (2) that, as a result, the Company incurred significant costs to develop enhancements; (3) that, despite the enhancements, providers continued to experience issues with the Syndeo devices; (4) that, as a result, the Company would no longer market Syndeo 1.0 and 2.0 devices and incur significant inventory writedowns; (5) that, as a result, the Company’s profitability would be adversely impacted; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On May 2, 2024, the Court issued an Order appointing Lead Plaintiffs and Counsel.

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