CONNECTICUT (OCN) — L’Oreal, the world’s largest cosmetics and beauty company, was in a hairy situation.
L’Oreal, defendant, was in court with Charlotte Feeney, plaintiff, of Stratford. Feeney’s suit claimed L’Oreal Inc. ruined her social life when she accidentally dyed her hair brunette with one of their [hair] products.
The case was dismissed last week on Monday, October 6, 2008 by a Superior Court judge since Feeney could not prove in court that L’Oreal had incorrectly labeled the product.
Although L’Oreal can put this 2005 suit behind them now, their shares fell sharply on sales warning.