Kirby McInerney LLP Reminds Oddity Tech Ltd. (ODD) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Oddity Tech Ltd. for allegedly misleading investors about its business operations and AI technology capabilities during the specified class period [1][3]. Group 1: Allegations and Findings - The lawsuit claims that Oddity overstated its AI technology and its impact on sales, with repeat purchase rates being linked to deceptive sales practices rather than genuine customer satisfaction [3]. - A report by short-seller Ningi Research accused Oddity of misleading investors about its business, particularly regarding its AI capabilities, and highlighted undisclosed lawsuits against the company [2][3]. - The report indicated that Oddity's product-matching technology was not as advanced as claimed, comparing it to a simple questionnaire [2]. Group 2: Financial Impact - Following the release of the Ningi Report, Oddity's Class A shares fell by $3.02, closing at $37.97 on May 21, 2024, down from $40.99 the previous day [2]. Group 3: Legal Proceedings - Investors who acquired Oddity securities during the class period have until September 17, 2024, to apply to be lead plaintiffs in the lawsuit [1].