THE LAWSUIT: A class action securities lawsuit was filed against ODDITY Tech Ltd. (ODD) that seeks to recover losses of ODDITY Tech shareholders who were adversely affected by alleged securities fraud between July 19, 2023 and May 20, 2024
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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 stock during the relevant time frame – even if you still hold your shares – go to https://zlk.com/pslra-1/oddity-tech-lawsuit-submission-form?wire=18 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The 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. Attorney Advertising. Prior results do not guarantee similar outcomes.
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
https://zlk.com/
