Investors who have experienced losses greater than $50,000 while investing in Oddity stock or options between July 19, 2023, and May 20, 2024, are encouraged to reach out to Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson to discuss their legal options. You can contact him directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Alternatively, you can visit www.faruqilaw.com/ODD for more information.
Faruqi & Faruqi, LLP, a prominent national securities law firm, is currently investigating potential claims against Oddity Tech Ltd. (“Oddity” or the “Company”) (NASDAQ: ODD) and reminds investors that the deadline to seek the role of lead plaintiff in a federal securities class action against the Company is September 17, 2024. The firm has offices in New York, Pennsylvania, California, and Georgia and has a successful track record of recovering millions of dollars for investors since its establishment in 1995.
The complaint alleges that Oddity and its executives violated federal securities laws by providing false and misleading statements and/or failing to disclose crucial information. These include overstating the Company’s AI technology and capabilities, deriving repeat purchase rates and revenues from unsustainable practices, downplaying ongoing civil litigation, and issuing materially false and misleading public statements.
Following the release of a report by NINGI Research on May 21, 2024, which criticized Oddity for misleading investors, the Company’s Class A ordinary share price dropped significantly. The lead plaintiff in the class action lawsuit will be the investor with the largest financial interest seeking relief on behalf of the class. Any member of the class can apply to serve as the lead plaintiff or choose to remain an absent class member without affecting their ability to share in any potential recovery.
Faruqi & Faruqi, LLP urges individuals with information on Oddity’s conduct, including whistleblowers, former employees, shareholders, and others, to come forward. To learn more about the Oddity class action, visit www.faruqilaw.com/ODD or contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
It is important to note that the Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post. Attorney Advertising. Faruqi & Faruqi, LLP is responsible for this advertisement and welcomes the opportunity to discuss individual cases confidentially.
