LOS ANGELES, CA / ACCESSWIRE / July 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Oddity Tech Ltd. ("Oddity" or "the Company") (NASDAQ:ODD) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Oddity is the subject of a short report by Ningi Research ("Ningi") published in May 21, 2024. The report alleges that the Company "completely misled investors about every critical aspect of its business, concealing a large brick-and-mortar business and sales generated by dishonest marketing tactics." Ninji alleges that it "found extensive evidence that Oddity owns and operates 43 stores, and six beauty schools which have never been disclosed to investors in SEC filings"; that "large parts of the company's Israeli operations remain undisclosed and unaudited"; that "the finance department at Oddity is full of red flags"; and that Ningi "suspect[s] Oddity's employee count is understated."
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm