L'Oréal fined $91 million in US startup trade secrets theft case

French personal care company L'Oréal has been fined over $91 million by a court in Delaware, US over a trade secrets theft case by California-based startup Olaplex. L'Oréal stole the startup's trade secrets, breached a contract and infringed on two patents related to a popular system that protects hair during bleaching treatments, the court noted. Olaplex was founded in 2014.