Oddity Tech .(US:ODD) Globenewswire·2026-03-16 16:00Core 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 February 26, 2025, to February 24, 2026 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [3]. - Specific allegations include that an algorithm change by the company's largest advertising partner led to advertisements being diverted to lower-quality auctions at abnormally high costs, significantly increasing customer acquisition costs [3]. - As a result of these issues, the defendants allegedly overstated the strength and sustainability of the company's digital operating model and market position, rendering their public statements materially false and misleading [3]. Group 2: Legal Process and Participation - Investors who purchased Oddity securities during the Class Period are encouraged to join the lawsuit, with a deadline of May 11, 2026, to request appointment as lead plaintiff [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if successful in the lawsuit [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6]. - The firm's focus is on restoring investor capital and ensuring corporate accountability to maintain market integrity [6].