Multiple Law Firms File Securities Class Action Lawsuits Against Oddity Tech Ltd.

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Several prominent law firms have announced the filing of securities class action lawsuits against Oddity Tech Ltd., alleging violations of federal securities laws. Investors who purchased Oddity securities during the class period are encouraged to join the action.

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Legal Actions Against Oddity Tech Ltd.

Multiple law firms have recently announced the filing of securities class action lawsuits against Oddity Tech Ltd. (NASDAQ: ODD), a company specializing in beauty and wellness products powered by artificial intelligence. These legal actions allege violations of federal securities laws and seek to recover damages on behalf of investors who purchased Oddity securities during the specified class period

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Class Period and Allegations

The class period for these lawsuits generally covers investors who purchased Oddity securities between July 18, 2023, and January 16, 2024

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. The complaints allege that Oddity made materially false and/or misleading statements and failed to disclose material adverse facts about the company's business, operations, and prospects

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Specific Claims

According to the lawsuits, Oddity allegedly:

  1. Failed to disclose that its earlier-reported financial results had been inflated by channel stuffing

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  2. Overstated the success and economic viability of its business model

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  3. Provided a misleading picture of its business and prospects

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Impact on Investors

The lawsuits claim that as a result of these actions, investors suffered significant losses and damages when the truth about Oddity's business was revealed

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Law Firms Involved

Several prominent law firms have announced their involvement in these legal actions, including:

  1. The Law Offices of Frank R. Cruz

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  2. Glancy Prongay & Murray LLP

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  3. Bronstein, Gewirtz & Grossman, LLC

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  4. Kahn Swick & Foti, LLC (KSF)

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Next Steps for Investors

Investors who purchased Oddity securities during the class period are encouraged to contact these law firms to discuss their legal rights and potential participation in the class actions

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. Some firms have set specific deadlines for investors to seek appointment as lead plaintiff, typically 60 days from the date of the announcement

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About Oddity Tech Ltd.

Oddity Tech Ltd. is a consumer tech company operating in the beauty and wellness industry. The company leverages artificial intelligence and machine learning to develop and market its products, which include brands like IL MAKIAGE and SpoiledChild

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As these legal proceedings unfold, investors and industry observers will be closely watching the impact on Oddity Tech Ltd. and potential implications for the broader AI-driven beauty and wellness sector.

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