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On September 5, 2024
6 Sources
[1]
ODD Investors Have Opportunity to Lead Oddity Tech Ltd. Securities Fraud Lawsuit - ODDITY Tech (NASDAQ:ODD)
LOS ANGELES, Sept. 5, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") 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 If you wish to serve as lead plaintiff of the Oddity lawsuit, 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. 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. Follow us for updates on LinkedIn, Twitter, or Facebook. 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 View original content to download multimedia:https://www.prnewswire.com/news-releases/odd-investors-have-opportunity-to-lead-oddity-tech-ltd-securities-fraud-lawsuit-302240050.html SOURCE Glancy Prongay & Murray LLP Market News and Data brought to you by Benzinga APIs
[2]
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, Sept. 05, 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
[3]
ODD LAWSUIT ALERT: Levi & Korsinsky Notifies ODDITY Tech Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline - ODDITY Tech (NASDAQ:ODD)
NEW YORK, Sept. 05, 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=100153&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
[4]
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, Sept. 04, 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
[5]
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Oddity
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Oddity To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 investing in Oddity stock or options between July 19, 2023 and May 20, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Sept. 5, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Oddity Tech Ltd. ("Oddity" or the "Company") (NASDAQ: ODD) and 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 against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing 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. On May 21, 2024, NINGI Research ("Ningi") published a report (the "Ningi Report") regarding Oddity, alleging that the Company "completely misled investors about every critical aspect of its business[.]" In particular, the Ningi Report alleged, inter alia, 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, Oddity's Class A ordinary share price fell $3.02 per share, or 7.37%, to close at $37.97 per share on May 21, 2024. Oddity's Class A ordinary share price continued to decline by an additional $1.30 per share, or 3.42%, over the following two consecutive trading sessions, closing at $36.67 per share on May 23, 2024. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Sonder's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-notice-faruqi--faruqi-llp-investigates-claims-on-behalf-of-investors-of-oddity-302239956.html
[6]
Robbins LLP Reminds Investors of Oddity Tech Ltd. of Upcoming Lead Plaintiff Deadline - ODD Stockholder with Significant Losses Should Contact Robbins LLP - ODDITY Tech (NASDAQ:ODD)
SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Oddity Tech Ltd. ODD securities between July 19, 2023 and May 20, 2024. Oddity describes itself as "a consumer tech platform that is built to transform the global beauty and wellness market." For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Oddity Tech Ltd. (ODD) Misled Investors Regarding its AI Technology and Capabilities According to the complaint, during the class period, defendants failed to disclose 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. The complaint alleges that on May 21, 2024, NINGI Research published a report regarding Oddity, alleging that the Company "completely misled investors about every critical aspect of its business[.]" In particular, the Ningi Report alleged, inter alia, 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, Oddity's Class A ordinary share price fell $3.02 per share, or 7.37%, to close at $37.97 per share on May 21, 2024. Oddity's Class A ordinary share price continued to decline by an additional $1.30 per share, or 3.42%, over the following two consecutive trading sessions, closing at $36.67 per share on May 23, 2024. What Now: You may be eligible to participate in the class action against Oddity Tech Ltd. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 17, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Oddity Tech Ltd. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d21889a7-76c2-49c8-aa64-1abc1655364f 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 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.
Oddity Tech Ltd., a company operating in the beauty and wellness sector, has recently found itself embroiled in a series of legal challenges. The company, which went public in July 2023, is facing allegations of securities fraud that have prompted multiple law firms to initiate class action lawsuits and investigations 1.
Several prominent law firms, including Bronstein, Gewirtz & Grossman, LLC, Levi & Korsinsky, LLP, and Faruqi & Faruqi, LLP, have announced their involvement in legal actions against Oddity Tech 2 3 5. The lawsuits allege that Oddity Tech made materially false and misleading statements and failed to disclose important information to investors during its initial public offering (IPO) and subsequent financial reports.
Investors who purchased Oddity Tech securities between July 18, 2023, and January 16, 2024, may have suffered significant losses. The law firms are actively seeking investors with substantial losses, some specifying amounts in excess of $100,000, to serve as lead plaintiffs in the class action lawsuits 4. The deadline for investors to file lead plaintiff motions is set for March 11, 2024, a critical date for those considering legal action.
The lawsuits claim that Oddity Tech misled investors about its business prospects and financial health. Specifically, the company is accused of overstating its financial performance, understating the impact of returns on its revenue, and failing to disclose the use of promotions and discounts to boost sales figures 1. These alleged misrepresentations are said to have artificially inflated the company's stock price.
Following the revelation of these issues, Oddity Tech's stock price reportedly experienced a significant decline. This drop in value has prompted the current wave of legal actions as investors seek to recover their losses and hold the company accountable for the alleged misrepresentations 3.
Investors who purchased Oddity Tech securities during the specified period are being encouraged to contact the various law firms to discuss their legal rights and potential participation in the class action lawsuits. The firms are offering free case evaluations and are prepared to represent investors in their claims against Oddity Tech 5.
Reference
[1]
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 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. Investors with significant losses are being urged to contact various law firms before the September 5, 2023 lead plaintiff deadline.
8 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 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