Workflow
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Oddity Tech Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - ODD
Oddity Tech .Oddity Tech .(US:ODD) GlobeNewswire News Roomยท2024-08-28 21:39

Core Viewpoint - The Rosen Law Firm is reminding investors who purchased securities of Oddity Tech Ltd. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [2]. Group 1: Class Action Details - Investors who bought Oddity Tech securities between July 19, 2023, and May 20, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 17, 2024 [3]. Group 2: Allegations Against Oddity Tech - The lawsuit alleges that Oddity Tech made false and misleading statements regarding its AI technology and capabilities, overstating their impact on sales [5]. - It is claimed that Oddity's repeat purchase rates and revenues were partly derived from unsustainable and deceptive sales practices [5]. - The company allegedly downplayed the severity of ongoing civil litigation against itself and its subsidiaries, leading to materially false public statements [5].