Oddity Tech Ltd. (ODD) Investors: Company Investigated by the Portnoy Law Firm

Globe Newswire 10-Jul-2024 3:42 PM

Investors can contact the law firm at no cost to learn more about recovering their losses

?LOS ANGELES, July 10, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Oddity Tech Ltd. (NASDAQ:ODD) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Oddity Tech Ltd. (ODD) investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

On May 21, 2024, NINGI Research published a report alleging, among other things, that Oddity has "misrepresented itself as an ‘online-only' company" when it actually owns and operates 43 stores and 6 beauty schools in Israel, which are "likely a material contributor to [the Company's] DTC earnings." Additionally, the report states that the brick-and-mortar operations "[remain] unaudited to date," despite Israeli law requiring every company to be audited.

On this news, Oddity's stock price fell $3.02, or 7.4%, to close at $37.97 per share on May 21, 2024, thereby injuring investors.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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