SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Oddity Tech Ltd. Investors

NEW YORK, May 30, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Oddity Tech Ltd. (“Oddity” or the “Company”) (NASDAQ: ODD). Such investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Oddity and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

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At May 21, 2024Ningi Research (“Ningi”) published a brief report on Oddity alleging that the company “completely misled investors about every critical aspect of its business, concealing a large brick-and-mortar store and revenue generated through dishonest marketing tactics.” Among other allegations, the Ningi report claims that while Oddity purports to be a “pure online company,” Ningi “found extensive evidence that Oddity owns and operates 43 stores and six beauty schools that were never disclosed to investors in SEC filings”; that “(m)orious portions of the company’s Israeli operations remain undisclosed and unaudited”; that “Oddity’s finance department is full of red flags”; and that Ningi “suspects that Oddity’s headcount is understated.”

Following this news, Oddity’s share price fell $3.02 per share or 7.37% and closed at 37,97 € per share on May 21, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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