New Legal Developments for ODDITY Tech Ltd. Shareholders

Understanding the Recent Class Action Lawsuit Against ODDITY Tech Ltd.

In recent news, investors in ODDITY Tech Ltd. are being notified about a class action lawsuit initiated by Levi & Korsinsky, LLP, a firm known for its dedication to investor protection. This lawsuit aims to address grievances of shareholders impacted by alleged securities fraud. As the case develops, it is essential for affected investors to stay informed about their rights and the procedures involved.

What Does the Class Action Lawsuit Entail?

The main focus of this lawsuit revolves around accusations that ODDITY Tech made misleading statements regarding its operational capabilities and financial performance. From July 19, 2023, to May 20, 2024, it is alleged that the Company overstated its artificial intelligence technology's effectiveness and the extent to which this technology influenced its sales figures. Furthermore, the lawsuit claims that ODDITY misrepresented the sustainability of its sales practices, potentially leading to inflated revenue reports.

Key Allegations in the Lawsuit

According to the complaint, several critical allegations have been raised, including:

• ODDITY Tech purportedly overstated its AI technology and capabilities.
• Claims that repeat purchase rates were driven by unsustainable sales tactics.
• A downplaying of the severity of ongoing civil litigation involving the Company.
• The Company’s public statements being materially false and misleading.

These allegations highlight significant concerns regarding transparency and ethical practices within ODDITY Tech that could impact shareholders.

Next Steps for Affected Investors

Investors who believe they suffered losses during the stated period should be proactive. The deadline to request to be appointed as a lead plaintiff is quickly approaching. It is important to note that participation in the case does not require serving as a lead plaintiff, allowing more investors to have a voice in the proceedings.

No Financial Burden on Class Members

For potential class members, participating in this legal action comes at no cost. Shareholders can seek compensation without any out-of-pocket expenses or fees. This approach ensures that all eligible investors have the opportunity to pursue their claims without financial strain.

Why Choose Levi & Korsinsky for Representation?

Levi & Korsinsky has a robust reputation built over two decades, representing investors in complex securities cases. Their commitment to shareholder advocacy has resulted in the recovery of hundreds of millions of dollars for clients. Their experienced team is well-equipped to handle high-stakes litigation, which reinforces their credibility in this legal matter.

Contact Information for Queries

Investors with inquiries about the lawsuit or who wish to discuss their potential involvement can reach out to Joseph E. Levi, Esq., directly by phone or email. Contact details are provided for accessibility, ensuring affected shareholders can easily seek guidance.

Frequently Asked Questions

What is the nature of the class action lawsuit against ODDITY Tech?

The lawsuit alleges that ODDITY Tech misled investors about its AI technology and financial performance, which may have caused losses for shareholders.

Who can participate in the class action lawsuit?

Any investor who suffered losses in ODDITY Tech shares between the specific time frame can participate without fees.

What should investors do if they want to get involved?

Affected investors should request to be appointed as lead plaintiffs by the specified deadline to have their voices heard in the case.

What are the costs associated with participating in the lawsuit?

There are no costs or obligations for class members to participate in the lawsuit. Compensation may be sought without any financial burden.

Why is Levi & Korsinsky a reputable choice for this lawsuit?

Levi & Korsinsky has over 20 years of experience securing compensation for investors and is highly regarded in securities litigation, ensuring strong representation for clients.

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