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Reese Witherspoon Mad at Jessica Alba for ‘Copy-cat’ Media Company: Report

As this outlet reported, Alba’s baby brand, The Honest Company, was sued for allegedly misleading shareholders about their 2020 sales.

According to court documents, shareholders decided to buy stock after the company went public in May 2021. The decision was largely driven due to financial reports from 2020, which showed booming profits.

Unfortunately for Alba, shareholders alleged the financial reports were misleading because The Honest Company wasn’t being so honest about the fact that consumers were purchasing products for stockpiles during the COVID-19 pandemic.

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