Oddity Tech Investors Face Approaching Deadline for Securities Fraud Class Action Lawsuit

Class Action Lawsuit Against Oddity Tech Ltd.

Investors of Oddity Tech Ltd. (NASDAQ: ODD) are facing an approaching deadline to join a securities fraud class action lawsuit. Multiple law firms, including Berger Montague, Glancy Prongay & Murray LLP, and Faruqi & Faruqi, LLP, are advising shareholders who purchased or acquired Oddity securities between July 18, 2023, and January 8, 2024, to inquire about their legal rights and options 1

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Allegations and Legal Claims

The lawsuit alleges that Oddity Tech and certain of its officers violated federal securities laws by making materially false and misleading statements and failing to disclose important information to investors 2

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. Specifically, the complaint asserts that:

1. Oddity's financial results were materially inflated.
2. The company failed to maintain appropriate internal controls.
3. As a result, positive statements about Oddity's business, operations, and prospects were materially misleading or lacked reasonable basis 3

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Deadline and Lead Plaintiff Process

The deadline for Oddity Tech investors to file a lead plaintiff motion is September 17, 2024. Shareholders who wish to serve as lead plaintiff must move the Court no later than this date 4

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. The lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Potential Recovery and Legal Representation

Investors who suffered substantial losses and wish to serve as lead plaintiff are encouraged to contact the law firms mentioned. These firms are offering free case evaluations to affected shareholders. The class action lawsuit seeks to recover damages for Oddity investors under the federal securities laws 1

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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 is known for its flagship brand, IL MAKIAGE, and its data-driven approach to product development and marketing. The lawsuit's allegations have raised concerns about the company's financial reporting and internal controls, potentially impacting investor confidence 2

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