{"id":80613,"date":"2024-05-28T19:07:55","date_gmt":"2024-05-28T19:07:55","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-oddity-tech-ltd-odd\/"},"modified":"2024-05-28T19:07:55","modified_gmt":"2024-05-28T19:07:55","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-oddity-tech-ltd-odd","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-oddity-tech-ltd-odd\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Oddity Tech Ltd. – ODD"},"content":{"rendered":"
\n

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Oddity Tech Ltd. (\u201cOddity\u201d\u00a0or the \u201cCompany\u201d)\u00a0(NASDAQ: ODD).\u00a0\u00a0 Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com<\/u><\/a>\u00a0or 646-581-9980, ext.\u00a07980.<\/p>\n

The investigation concerns whether Oddity and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.<\/p>\n

[Click here for information about joining the class action]<\/u><\/strong><\/a>\u00a0\u00a0\u00a0\u00a0<\/p>\n

On May 21, 2024, Ningi Research (\u201cNingi\u201d) published a short report on Oddity, alleging that the Company \u201ccompletely misled investors about every critical aspect of its business, concealing a large brick-and-mortar business and sales generated by dishonest marketing tactics.\u201d Among other allegations, the Ningi report asserts that, although Oddity purports to be \u201can \u2018online-only\u2019 company\u201d, Ningi \u201cfound extensive evidence that Oddity owns and operates 43 stores, and six beauty schools which have never been disclosed to investors in SEC filings\u201d; that \u201c[l]arge parts of the company\u2019s Israeli operations remain undisclosed and unaudited\u201d; that \u201cthe finance department at Oddity is full of red flags\u201d; and that Ningi \u201csuspect[s] Oddity\u2019s employee count is understated.\u201d<\/p>\n

On this news, Oddity\u2019s stock price fell $3.02 per share, or 7.37%, to close at $37.97 per share on May 21, 2024.<\/p>\n

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com<\/u><\/a>. \u00a0\u00a0<\/p>\n

Attorney advertising. \u00a0Prior results do not guarantee similar outcomes.<\/p>\n

CONTACT:<\/strong><\/p>\n

Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com<\/u><\/a>
<\/a>646-581-9980 ext. 7980<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Oddity Tech Ltd. (\u201cOddity\u201d\u00a0or the \u201cCompany\u201d)\u00a0(NASDAQ: ODD).\u00a0\u00a0 Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com\u00a0or 646-581-9980, ext.\u00a07980. The investigation concerns whether Oddity and certain of its officers and\/or directors have engaged in securities fraud or […]<\/p>\n","protected":false},"author":2,"featured_media":80614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/media\/MmNjMTBhNTAtMzRkMi00ZjYxLWIyNjYtMGJkZWEyY2Q3ZDMzLTEwMjkyMTc=\/tiny\/Pomerantz-LLP.png","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-80613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t