Oddity Tech Ltd. (NASDAQ: ODD)

This investigation is for anyone who acquired securities in Oddity Tech Ltd. (NASDAQ: ODD) prior to May 21, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company only operated an on-line store when, in fact, the Company operates many brick and mortar stores in Israel.

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 school 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 ever company to be audited. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Oddity Tech Ltd. (NASDAQ: ODD) prior to May 21, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.