Investor Alert: GPM Announces Deadline for Oddity Tech Ltd. ODD Class Action Lawsuit

Investors who have engaged with Oddity Tech Ltd. ODD, a prominent consumer-tech firm based out of Tel Aviv-Jaffa, Israel, are on notice regarding an impending legal deadline. The law firm of Glancy Prongay & Murray LLP (GPM) is urgently reminding stakeholders of the cut-off date on September 17, 2024, to submit a motion to be appointed as the lead plaintiff in a class action lawsuit that has been filed on behalf of Oddity's investors.

Details of the Class Action Lawsuit

The lawsuit addresses those who have purchased or otherwise secured shares of Oddity Tech Ltd. ODD. As per the class action, plaintiffs allege that the company may have issued materially misleading business information to the investing public, thereby violating federal securities laws. This litigation aims to hold Oddity Tech accountable for any perceived discrepancies in the expectations and the actual performance of the company's stock, governed by the market's reaction to the accuracy of the information released.

Importance of the Lead Plaintiff Deadline

Interested investors are urged to consider their position in this lawsuit carefully. The September 17, 2024, deadline marks the final day on which investors can file to be the lead plaintiff, a role that comes with significant responsibilities, as well as the ability to direct the course of the lawsuit, including potential settlements. While any class member can act on their own or through counsel of their choice, the lead plaintiff position is usually reserved for the investor or group of investors with the largest financial interest in the relief sought by the class.

How to Participate in the Litigation

Investors of Oddity Tech ODD who have incurred losses and wish to serve as the lead plaintiff must file their papers with the court by the September 17 deadline. GPM is available to discuss the class action lawsuit, evaluate investors' eligibility, and provide guidance on the steps to file a lead plaintiff motion.

About Oddity Tech Ltd.

Oddity Tech Ltd. ODD, serves consumers globally with its innovative tech offerings. As an enterprise that has garnered attention for its cutting-edge products and services, Oddity continually aspires to reinvent the consumer experience through technological advancement.

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