NEW YORK, Aug. 5, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ODDITY Tech Ltd. (NASDAQ: ODD). Shareholders who purchased shares of ODD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/oddity-tech-loss-submission-form/?id=93548&from=4 CLASS PERIOD: July 19, 2023 to May 20, ...

NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Oddity Tech Ltd. (NASDAQ: ODD) between July 19, 2023 and May 20, 2024, both dates inclusive (the "Class Period"), of the important September 17, 2024 lead plaintiff deadline. SO WHAT: If you purchased Oddity Tech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WH ...

NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in ODDITY Tech Ltd. ("ODDITY Tech" or the "Company") (NASDAQ: ODD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ODDITY Tech investors who were adversely affected by alleged securities fraud between July 19, 2023 and May 20, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/oddity-tech-lawsuit-submi ...

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. What Now: You may be eligible to participate in the class action against Oddity Tech Ltd. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 17, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If ...

Group 1 - The core issue involves a class action lawsuit against Oddity Tech Ltd. for misleading statements regarding its AI technology and sales practices during the class period from July 19, 2023, to May 20, 2024 [1][6] - Investors who purchased Oddity Tech securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [5] - The lawsuit alleges that Oddity overstated its AI capabilities, misrepresented the sustainability of its sales practices, and downplayed ongoing civil litigation, leading to materially false public statements [6]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ODDITY Tech Ltd. regarding a class action lawsuit due to alleged misleading statements and practices by the company [1]. Group 1: Class Action Details - The class period for the lawsuit is from July 19, 2023, to May 20, 2024 [3]. - Shareholders who purchased shares during this period are encouraged to register for monitoring and updates on the case [3][4]. - The deadline to seek lead plaintiff status is September 17, 2024, with no cost or obligation to participate [3][5]. Group 2: Allegations Against ODDITY Tech Ltd. - The complaint alleges that ODDITY overstated its AI technology and capabilities, impacting sales [5]. - It is claimed that the company's repeat purchase rates and revenues were partly derived from unsustainable and deceptive sales practices [5]. - The lawsuit also alleges that ODDITY downplayed the severity of ongoing civil litigation against the company and its subsidiaries [5].

Core Viewpoint - A class action lawsuit has been filed against Oddity Tech LTD for allegedly making materially false and misleading statements regarding its business operations and AI technology capabilities during the class period from July 19, 2023, to May 20, 2024 [1][2]. Group 1: Allegations and Impact - The complaint alleges that Oddity overstated its AI technology and capabilities, misrepresented the sustainability of its sales practices, and downplayed ongoing civil litigation against the company [2]. - Following the allegations, Oddity's Class A shares fell by $3.02, or over 7%, closing at $37.97 on May 21, 2024, and continued to decline by an additional $1.30, or 3.42%, to close at $36.67 on May 23, 2024 [3]. Group 2: Company Description and Research Findings - Oddity describes itself as a consumer tech platform aimed at transforming the global beauty and wellness market through an AI-driven online platform [5]. - A report by NINGI Research claimed that Oddity misled investors about critical aspects of its business, stating that its AI was merely a questionnaire and that its repeat purchase rates were driven by non-cancelable plans [6].

Group 1 - The Gross Law Firm is notifying shareholders of ODDITY Tech Ltd. regarding a class action lawsuit related to misleading statements made by the company during the class period from July 19, 2023, to May 20, 2024 [3][4]. - Allegations against ODDITY include overstating its AI technology capabilities, deriving revenues from unsustainable sales practices, and downplaying ongoing civil litigation [4]. - Shareholders are encouraged to register for the class action by the deadline of September 17, 2024, to potentially recover losses incurred due to the alleged misleading statements [2][5]. Group 2 - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [2]. - Once registered, shareholders will receive updates through portfolio monitoring software regarding the status of the case [5]. - Participation in the case does not require any cost or obligation from the shareholders [5].

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Oddity overstated its AI technology and capabilities, and/or the extent to which this technology drove the Company's sales; (ii) Oddity's repeat purchase rates and revenues were, at least in part, derived from unsustainable and deceptive sales and advertising practices; (iii) Oddity downplayed the true scope and severity of ongoing civil litigat ...

Core Viewpoint - A class action lawsuit has been filed against Oddity Tech Ltd. and certain officers for alleged violations of federal securities laws during the Class Period from July 19, 2023, to May 20, 2024, seeking damages for affected investors [1][6]. Group 1: Company Overview - Oddity Tech Ltd. is described as a consumer tech platform aimed at transforming the global beauty and wellness market through an AI-driven online platform [3]. - The company conducted its initial public offering (IPO) on July 19, 2023, issuing over 12 million Class A ordinary shares at an offering price of $35.00 per share, raising approximately $57.26 million for the company and $337.83 million for certain selling shareholders [4]. Group 2: Allegations and Misconduct - The lawsuit alleges that Oddity made materially false and misleading statements regarding its business operations, including overstating its AI technology capabilities and the sustainability of its sales practices [6]. - A report by NINGI Research claimed that Oddity misled investors about critical aspects of its business, including the nature of its AI technology and the legitimacy of its repeat purchase rates, which were allegedly tied to deceptive sales practices [7]. Group 3: Market Reaction - Following the release of the NINGI Report, Oddity's Class A ordinary share price fell by $3.02, or 7.37%, closing at $37.97 on May 21, 2024, and continued to decline by an additional $1.30, or 3.42%, over the next two trading sessions [8].