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The DJS Law Group has reminded investors of a class action lawsuit against Oddity Tech Ltd. (“Oddity” or “the Company”) (NASDAQ: ODD) alleging violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, according to the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of ODD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to participate in any recovery.
According to the complaint, the company made false and misleading statements to the market. The complaint alleges that an algorithm change by Oddity’s largest advertising partner caused its advertisements to be sent to lower-quality auctions at higher costs, significantly increasing acquisition costs.
The complaint further alleges that Oddity overstated its financial prospects and business strength to investors. Based on these facts, the complaint states that Oddity’s public statements were false and materially misleading throughout the class period.
The firm states that if shareholders suffered a loss, they can contact DJS Law Group to participate in the case.
DJS Law Group says its primary focus is to enhance investor return through balanced counseling and aggressive advocacy. The firm states it specializes in securities class actions, corporate governance litigation, and domestic/international M&A appraisals.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [redacted]
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