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On August 29, 2024
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ODDITY TECH SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against ODDITY Tech Ltd. - ODD - ODDITY Tech (NASDAQ:ODD)
NEW ORLEANS, Aug. 28, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 17, 2024 to file lead plaintiff applications in a securities class action lawsuit against ODDITY Tech Ltd. ("Oddity" or the "Company") ODD, if they purchased the Company's securities between July 19, 2023 and May 20, 2024, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of New York. Get Help Oddity investors should visit us at https://claimsfiler.com/cases/nasdaq-odd/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options. About the Lawsuit Oddity and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On May 21, 2024, NINGI Research ("Ningi") reported a slew of allegations against the Company, including that it "completely misled investors about every critical aspect of its business"; that Ningi "talked to former employees who told [Ningi] that the [Company's] AI is nothing but a questionnaire"; that Oddity's lauded "repeat purchase rates" are attributable to "customers unknowingly enter[ing] into non-cancelable plans" that allow the Company "to recognize repeat purchases in the following quarters even though the customers don't want the product"; and that Ningi had "found hundreds of undisclosed lawsuits filed against ODDITY and its subsidiaries in the US and Israel, frequently alleging unpaid bills and violations of consumer protection laws," including multiple class action lawsuits filed within the past several years. On this news, the price of Oddity's shares fell $3.02 per share, or 7.37%, to close at $37.97 per share on May 21, 2024. The case is Hoare v. Oddity Tech Ltd., et al., 24-cv-05037. About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations. To learn more about ClaimsFiler, visit www.claimsfiler.com. Market News and Data brought to you by Benzinga APIs
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Investors in ODDITY Tech Ltd. Should Contact Levi & Korsinsky Before September 17, 2024 to Discuss Your Rights - ODD - ODDITY Tech (NASDAQ:ODD)
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in ODDITY Tech Ltd. ("ODDITY Tech" or the "Company") ODD of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ODDITY Tech investors who were adversely affected by alleged securities fraud between July 19, 2023 and May 20, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/oddity-tech-lawsuit-submission-form?prid=98444&wire=3 ODD investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Oddity overstated its AI technology and capabilities, and/or the extent to which this technology drove the Company's sales; (ii) Oddity's repeat purchase rates and revenues were, at least in part, derived from unsustainable and deceptive sales and advertising practices; (iii) Oddity downplayed the true scope and severity of ongoing civil litigation against the Company and/or its subsidiaries; and (iv) as a result, Oddity's public statements were materially false and misleading at all relevant times. WHAT'S NEXT? If you suffered a loss in ODDITY Tech during the relevant time frame, you have until September 17, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com Market News and Data brought to you by Benzinga APIs
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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Oddity Tech Ltd. (ODD) - ODDITY Tech (NASDAQ:ODD)
LOS ANGELES, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming September 17, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Oddity Tech Ltd. ("Oddity" or the "Company") ODD securities between July 19, 2023 and May 20, 2024, inclusive (the "Class Period"). If you suffered a loss on your Oddity investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Oddity-Tech-Ltd/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. On May 21, 2024, NINGI Research published a report alleging, among other things, that Oddity "completely misled investors about every critical aspect of its business," specifically regarding its AI, stating that former employees disclosed that the Company's AI is nothing but a questionnaire"; that Oddity's lauded "repeat purchase rates" are attributable to "customers unknowingly enter[ing] into non-cancelable plans" that allow the Company "to recognize repeat purchases in the following quarters even though the customers don't want the product." Additionally, the report claimed that it had "found hundreds of undisclosed lawsuits filed against ODDITY and its subsidiaries in the US and Israel, frequently alleging unpaid bills and violations of consumer protection laws," including multiple class action lawsuits filed within the past several years. On this news, Oddity's stock price fell $3.02, or 7.4%, to close at $37.97 per share on May 21, 2024, thereby injuring investors. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Oddity overstated its AI technology and capabilities, and/or the extent to which this technology drove the Company's sales; (2) Oddity's repeat purchase rates and revenues were, at least in part, derived from unsustainable and deceptive sales and advertising practices; (3) Oddity downplayed the true scope and severity of ongoing civil litigation against the Company and/or its subsidiaries; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on LinkedIn, Twitter, or Facebook. If you purchased or otherwise acquired Oddity securities during the Class Period, you may move the Court no later than September 17, 2024 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts Glancy Prongay & Murray LLP, Los Angeles Charles Linehan, 310-201-9150 or 888-773-9224 shareholders@glancylaw.com www.glancylaw.com Market News and Data brought to you by Benzinga APIs
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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Oddity Tech Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - ODD - ODDITY Tech (NASDAQ:ODD)
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Oddity Tech Ltd. ODD between July 19, 2023 and May 20, 2024, both dates inclusive (the "Class Period"), of the important September 17, 2024 lead plaintiff deadline. SO WHAT: If you purchased Oddity Tech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Oddity class action, go to https://rosenlegal.com/submit-form/?case_id=27381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 17, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Oddity overstated its AI technology and capabilities, and/or the extent to which this technology drove Oddity's sales; (2) Oddity's repeat purchase rates and revenues were, at least in part, derived from unsustainable and deceptive sales and advertising practices; (3) Oddity downplayed the true scope and severity of ongoing civil litigation against Oddity and/or its subsidiaries; and (4) as a result, Oddity's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Oddity class action, go to https://rosenlegal.com/submit-form/?case_id=27381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. __________________ Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com Market News and Data brought to you by Benzinga APIs
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Oddity Tech Ltd., a beauty and wellness company, is facing several class action lawsuits alleging violations of federal securities laws. Investors with significant losses are urged to take action before the September 17, 2024 deadline.
Oddity Tech Ltd., a company operating in the beauty and wellness sector, finds itself embroiled in a series of class action lawsuits alleging violations of federal securities laws. The legal actions stem from concerns about the company's initial public offering (IPO) and subsequent financial disclosures 1.
The lawsuits focus on a specific class period, which includes investors who purchased or acquired Oddity Tech securities pursuant to and/or traceable to the registration statement and prospectus issued in connection with the Company's July 18, 2023 IPO 2. The complaints allege that the defendants made materially false and misleading statements regarding the company's business, operations, and prospects.
According to the lawsuits, Oddity Tech allegedly failed to disclose several critical factors:
Multiple law firms, including ClaimsFiler, Levi & Korsinsky, Glancy Prongay & Murray LLP, and Rosen Law Firm, are actively seeking to represent investors who have suffered losses exceeding $100,000 from investing in Oddity Tech 4. These firms are encouraging affected investors to contact them to discuss their legal rights and potential recovery options.
A critical date for investors to be aware of is September 17, 2024. This is the lead plaintiff deadline for the class action lawsuit. Investors who wish to serve as lead plaintiff must file their motion with the court by this date 1.
The multiple lawsuits and allegations pose significant challenges for Oddity Tech. If the claims are substantiated, the company could face financial penalties and reputational damage. For investors, the outcome of these legal proceedings could potentially lead to recovery of losses through settlements or court-awarded damages.
As the situation unfolds, investors are advised to stay informed about the progress of the lawsuits and consult with legal professionals to understand their rights and options. The coming months will be crucial in determining the validity of the allegations and the potential impact on both the company and its shareholders.
Reference
Oddity Tech Ltd., a beauty and wellness company, is facing several class action lawsuits alleging securities fraud. Investors with significant losses are being urged to contact various law firms before the September 5, 2023 lead plaintiff deadline.
8 Sources
Oddity Tech Ltd., a consumer tech company, is facing multiple class action lawsuits from investors. Law firms are alerting shareholders about upcoming legal deadlines for filing claims against the company.
2 Sources
Oddity Tech Ltd., a consumer tech company, is facing several class action lawsuits alleging securities fraud. Law firms are encouraging investors who suffered losses to join the legal action before the lead plaintiff deadline.
3 Sources
Oddity Tech Ltd., a beauty and wellness company, is facing several class action lawsuits alleging securities fraud. Law firms are urging investors who purchased Oddity Tech shares to join the legal actions before the September 17, 2024 lead plaintiff deadline.
6 Sources
Oddity Tech Ltd., a beauty and wellness company, is facing several class action lawsuits and investigations over alleged securities fraud. Multiple law firms are seeking lead plaintiffs for these cases, with a deadline approaching for investors to take action.
6 Sources