Globenewswire·2026-03-20 21:15Core Viewpoint - A class action lawsuit has been filed against ODDITY Tech Ltd. for misleading statements and undisclosed issues affecting its business and financial prospects during the Class Period from February 26, 2025, to February 24, 2026 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that ODDITY's largest advertising partner made an algorithm change that diverted advertisements to lower quality auctions at abnormally high costs, significantly increasing customer acquisition costs [5]. - Defendants allegedly overstated the strength, stability, and sustainability of ODDITY's digital operating model and market position, leading to materially false and misleading public statements [5]. - Investors are entitled to compensation without out-of-pocket fees through a contingency fee arrangement if they purchased ODDITY securities during the Class Period [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by May 11, 2026, to represent other class members in the litigation [1][3]. - No class has been certified yet, and investors can choose to remain absent or select their own counsel [7]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].