{"id":944399,"date":"2026-03-13T11:21:30","date_gmt":"2026-03-13T15:21:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-oddity-tech-ltd-odd\/"},"modified":"2026-03-13T11:21:30","modified_gmt":"2026-03-13T15:21:30","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-oddity-tech-ltd-odd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-oddity-tech-ltd-odd\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Oddity Tech Ltd. (ODD)"},"content":{"rendered":"
\n

NEW YORK, March 13, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Oddity Tech Ltd. (\u201cOddity\u201d or the \u201cCompany\u201d) (NASDAQ: ODD) securities between February 26, 2025 and February 24, 2026, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) due to an algorithm change by the Company\u2019s largest advertising partner, the Company\u2019s advertisements were being diverted to lower quality auctions at abnormally high costs; (ii) the foregoing significantly increased the Company\u2019s customer acquisition costs, thereby negatively impacting its business and financial prospects; (iii) accordingly, Defendants overstated the overall strength, stability, and sustainability of the Company\u2019s digital operating model and\/or market position; and (iv) as a result, Defendants\u2019 public statements were materially false and misleading at all relevant times.<\/p>\n

The Complaint further alleges that the truth began to emerge on February 25, 2026, when the Company issued a press release \u201cannounc[ing] its financial results for the fourth quarter and full year ended December 31, 2025.\u201d In the press release, the Company\u2019s Chief Executive Officer, Defendant Oran Holtzman, said that \u201cwe experienced a dislocation in our account with our largest advertising partner that we believe was driven by algorithm changes which diverted us to lower quality auctions at abnormally high costs\u201d, which \u201cresult[ed] in significant increases in new user acquisition costs that are not correlated with the market or our historical experience.\u201d\u00a0<\/p>\n

Investors who purchased or otherwise acquired shares of Oddity should contact the Firm prior to the May 11, 2026 <\/em><\/strong>lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 13, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Oddity Tech Ltd. (\u201cOddity\u201d or the \u201cCompany\u201d) (NASDAQ: ODD) securities between February 26, 2025 and February 24, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) due to an algorithm change by the Company\u2019s largest advertising partner, the Company\u2019s advertisements were being diverted to lower quality auctions at abnormally high costs; (ii) the foregoing significantly increased the Company\u2019s customer acquisition costs, … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Oddity Tech Ltd. (ODD)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-944399","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Oddity Tech Ltd. 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