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On August 31, 2024
3 Sources
[1]
ODD INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that ODDITY Tech Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit! - ODDITY Tech (NASDAQ:ODD)
NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against ODDITY Tech Ltd. ("ODDITY" or "the Company") ODD and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ODDITY securities between July 19, 2023, and May 20, 2024, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/ODD. Case Details The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges that 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 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, Oddity's public statements were materially false and misleading at all relevant times. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/ODD or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in ODDITY 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 lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | info@bgandg.com Market News and Data brought to you by Benzinga APIs
[2]
ODDITY Tech Ltd. Investors: Please contact the Portnoy Law Firm to recover your losses. September 17, 2024 Deadline to file Lead Plaintiff Motion. - ODDITY Tech (NASDAQ:ODD)
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 30, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises ODDITY Tech Ltd. ("ODDITY" or the "Company") ODD investors of a class action representing investors that bought securities between July 19, 2023, and May 20, 2024, inclusive (the "Class Period"). ODDITY investors have until September 17, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. The complaint alleges that during the class period, defendants failed to reveal that: (i) Oddity exaggerated its AI technology and its impact on the Company's sales; (ii) Oddity's repeat purchase rates and revenues were partly due to unsustainable and deceptive sales and advertising practices; (iii) Oddity downplayed the true extent and seriousness of ongoing legal issues against the Company and its subsidiaries; and (iv) as a result, Oddity's public statements were misleading throughout the relevant period. The complaint also states that on May 21, 2024, NINGI Research released a report on Oddity, accusing the Company of misleading investors about crucial aspects of its business. Specifically, the Ningi Report claimed that Ningi interviewed former employees who said the Company's AI was just a questionnaire; that Oddity's "repeat purchase rates" were due to customers being unknowingly enrolled in non-cancelable plans, which made it appear as if repeat purchases were occurring even if customers didn't want the product; and that Ningi found hundreds of undisclosed lawsuits against Oddity and its subsidiaries in the US and Israel, including multiple class action lawsuits for unpaid bills and consumer protection violations. Following this report, Oddity's Class A share price dropped by $3.02 per share, or 7.37%, closing at $37.97 on May 21, 2024. The share price continued to fall by an additional $1.30 per share, or 3.42%, over the next two trading days, ending at $36.67 per share on May 23, 2024. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq. Admitted CA and NY Bar lesley@portnoylaw.com 310-692-8883 www.portnoylaw.com Attorney Advertising Market News and Data brought to you by Benzinga APIs
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ODD Deadline: ODD Investors Have Opportunity to Lead Oddity Tech Ltd. Securities Fraud Lawsuit
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Oddity Tech Ltd. (NASDAQ: 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.
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Investors in Oddity Tech Ltd. are being alerted to potential securities fraud, with multiple law firms announcing investigations and class action lawsuits. The company's stock has seen significant drops following its IPO, prompting legal action.
Several prominent law firms, including Bronstein, Gewirtz & Grossman, LLC, the Portnoy Law Firm, and Glancy Prongay & Murray LLP, have announced investigations into potential securities fraud claims against Oddity Tech Ltd. (NASDAQ: ODD) 1. These investigations focus on whether the company and its officers have violated federal securities laws.
The allegations stem from concerns about Oddity Tech's business operations and prospects. Following its initial public offering (IPO) on July 18, 2023, the company's stock price has experienced significant declines. On July 20, 2023, the stock dropped 24% from its IPO price of $35 per share 2. This sharp decline has prompted investors to seek legal recourse for potential losses.
Multiple class action lawsuits have been filed on behalf of purchasers of Oddity Tech's securities. These lawsuits allege that the company made materially false and misleading statements and failed to disclose important information to investors 3. Investors who purchased Oddity Tech securities between July 18, 2023, and August 23, 2023, may be eligible to serve as lead plaintiff in these cases.
The deadline for investors to file for lead plaintiff status is set for September 17, 2024. This gives affected shareholders approximately one year to consider their legal options and potentially recover their losses through the court system.
The legal actions against Oddity Tech Ltd. highlight the risks associated with investing in newly public companies. Investors who have suffered losses are being encouraged to contact the investigating law firms to discuss their legal rights and potential recovery options. The firms are offering free case evaluations to determine the eligibility of investors to participate in the class action lawsuits.
As these legal proceedings unfold, the case serves as a reminder of the importance of due diligence and the potential consequences of alleged securities fraud for both companies and their investors. The outcome of these lawsuits could have significant implications for Oddity Tech Ltd. and set precedents for similar cases in the future.
Reference
Oddity Tech Ltd., a beauty and wellness company, is facing several class action lawsuits alleging securities fraud. Multiple law firms are urging investors to join the legal action before the September 17, 2024 lead plaintiff deadline.
8 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
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.
14 Sources
Oddity Tech Ltd., a consumer tech company, is facing a class action lawsuit alleging violations of federal securities laws. Shareholders are being reminded of the upcoming lead plaintiff deadline and the potential for significant financial recovery.
2 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