L’Oréal sued over hair care product by California company

• A California startup is suing L’Oréal (OTCPK:LRLCF, OTCPK:LRLCY), alleging that the U.S. unit of the French company copied an award-winning hair product and related marketing strategy.
• The company claims L’Oréal gained access to its proprietary technology, marketing strategy and one of its unpublished patent applications during discussions about a possible takeover in 2015, and then started selling three products that infringe the related patent about a year later.