, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Oddity Tech Ltd. ("Oddity" or the "Company") (NASDAQ: ). Such investors are advised to contact at or 646-581-9980, ext.
7980. The investigation concerns whether Oddity and certain of its officers and/or directors have engaged in securities or other unlawful business practices. On , Ningi Research ("Ningi") published a short report on Oddity, alleging 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.
" Among other allegations, the Ningi report asserts that, although Oddity purports to be "an 'online-only' company", Ningi "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 "[l]arge 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." On this news, Oddity's stock price fell per share, or 7.37%, to close at per share on .
Pomerantz LLP, with offices in , , , , , and , is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late , known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, m.
