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On September 10, 2024
6 Sources
[1]
ODDITY TECH SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC 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, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind 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. What You May Do If you purchased securities of Oddity and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgm-odd/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 17, 2024. 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 Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey. To learn more about KSF, you may visit www.ksfcounsel.com. Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com 1-877-515-1850 1100 Poydras St., Suite 960 New Orleans, LA 70163 Market News and Data brought to you by Benzinga APIs
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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, Sept. 10, 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 Investors Have Opportunity to Lead Oddity Tech Ltd. Securities Fraud Lawsuit - ODDITY Tech (NASDAQ:ODD)
BENSALEM, Pa., Sept. 10, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Oddity Tech Ltd. ("Oddity" or the "Company") ODD. Class Period: July 19, 2023 - May 20, 2024 Lead Plaintiff Deadline: September 17, 2024 Investors suffering losses on their Oddity investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 215-638-4847 or by email to howardsmith@howardsmithlaw.com. The complaint filed alleges that, throughout the Class Period, 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. 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com View original content:https://www.prnewswire.com/news-releases/odd-investors-have-opportunity-to-lead-oddity-tech-ltd-securities-fraud-lawsuit-302243309.html SOURCE Law Offices of Howard G. Smith Market News and Data brought to you by Benzinga APIs
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Kirby McInerney LLP Reminds Oddity Tech Ltd. (ODD) Investors of Class Action Filing and Encourages Investors to Contact the Firm - ODDITY Tech (NASDAQ:ODD)
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the September 17, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed on behalf of those who acquired Oddity Tech Ltd. ("Oddity" or the "Company") ODD securities during the period of July 19, 2023 to May 20, 2024, inclusive ("the Class Period"). [Click here to learn more about the class action] On May 21, 2024, the short-seller Ningi Research published a report on Oddity that alleged that the Company "completely misled investors about every critical aspect of its business," particularly regarding its AI technology capabilities. The Company had attributed repeat sales and customers to its AI technology's ability to generate hyper-personalized product suggestions for customers, but the Ningi Report found that Oddity's "repeat purchase rates" were actually 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." According to the Ningi Report, Oddity's "product-matching technology" was more akin to a "normal questionnaire." Ningi also asserted 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." The Ningi Report alleged that the Defendants were engaged in a pump-and-dump scheme, documenting instances of insider selling by its executives. On this news, the price of Oddity Class A shares declined by $3.02 per share, from $40.99 on May 20, 2024, to close at $37.97 on May 21, 2024. The lawsuit alleges that Oddity made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Company made false and/or misleading statements and/or failed to disclose that: (i) Oddity overstated its AI technology and capabilities and the extent to which this technology drove the Company's sales; (ii) Oddity's repeat purchase rates and revenues were, in part, derived from unsustainable and deceptive sales and advertising practices; and (iii) Oddity downplayed the true scope and severity of ongoing civil litigation against the Company and/or its subsidiaries. If you purchased or otherwise acquired Oddity securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you. Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts Kirby McInerney LLP Thomas W. Elrod, Esq. 212-699-1180 https://www.kmllp.com investigations@kmllp.com Market News and Data brought to you by Benzinga APIs
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ODD DEADLINE: ROSEN, TOP RANKED NATIONAL INVESTOR ATTORNEYS, Encourages Oddity Tech Ltd. Investors to Secure Counsel Before Important September 17 Deadline in Securities Class Action - ODD - ODDITY Tech (NASDAQ:ODD)
NEW YORK, Sept. 09, 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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DEADLINE NEXT WEEK: Berger Montague Advises Oddity Tech (NASDAQ: ODD) Investors to Contact the Firm Before September 17, 2024 - ODDITY Tech (NASDAQ:ODD)
PHILADELPHIA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Oddity Tech Ltd. ("Oddity" or the "Company") ODD on behalf of purchasers of Oddity securities between July 19, 2023 and May 20, 2024, inclusive (the "Class Period"). Investors that suffered losses from Oddity ODD investments can follow the link below for more information regarding the lawsuit: CLICK HERE to learn more about the lawsuit. Investors who purchased or acquired ODDITY securities during the Class Period may, no later than September 17, 2024, seek to be appointed as a lead plaintiff representative of the class. According to the complaint, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Oddity overstated its AI technology and capabilities, as well as 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; and (iii) Oddity downplayed the true scope and severity of ongoing civil litigation against the Company and/or its subsidiaries. On May 21, 2024, NINGI Research published a report alleging that Oddity "completely misled investors about every critical aspect of its business[.]" In particular, the Ningi Report alleged that it "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"; 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." On this news, Oddity's share price fell $3.02 per share, or 7.37%, to close at $37.97 per share on May 21, 2024. It continued to decline by an additional $1.30 per share, or 3.42%, over the following two consecutive trading sessions. For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015 or Peter Hamner at phamner@bm.net or (215) 875-3048, or CLICK HERE. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contacts: Andrew Abramowitz, Senior Counsel Berger Montague PC (215) 875-3015 aabramowitz@bm.net Peter Hamner Berger Montague PC (215) 875-3048 phamner@bm.net 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 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.
Oddity Tech Ltd. (NASDAQ: ODD), a company operating in the beauty and wellness sector, is currently embroiled in a series of legal challenges as multiple law firms announce class action lawsuits against the company. The lawsuits allege that Oddity Tech violated federal securities laws, potentially misleading investors about its business operations and prospects 1.
The core of the legal actions centers around claims that Oddity Tech made false and misleading statements and failed to disclose material adverse facts about its business operations and prospects. Specifically, the company is accused of overstating its financial position and growth potential while downplaying challenges in the market 2.
The alleged misrepresentations are said to have artificially inflated the market price of Oddity Tech's securities. When the truth about the company's situation was revealed, investors reportedly suffered significant losses as the stock price declined 3.
Several prominent law firms have announced their involvement in the case:
These firms are actively seeking affected investors to join the class action lawsuits and potentially recover their losses 4.
A critical date for potential plaintiffs is September 17, 2024. This is the lead plaintiff deadline set by the court for these cases. Investors who purchased Oddity Tech shares between July 18, 2023, and March 11, 2024, are particularly encouraged to contact the law firms before this deadline to explore their legal rights and options 5.
Investors who believe they may have been impacted by Oddity Tech's alleged securities violations are advised to:
As these legal proceedings unfold, the case against Oddity Tech Ltd. serves as a reminder of the importance of corporate transparency and the potential consequences of alleged securities fraud for both companies and investors.
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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.
4 Sources
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 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