Class Action Lawsuit Filed Against ODDITY Tech Ltd. (NASDAQ: ODD) Over Alleged Securities Fraud
A class action lawsuit has been filed against ODDITY Tech Ltd. (NASDAQ: ODD) by Berger Montague PC, alleging the company misled investors about the sustainability of its digital operating model. The lawsuit claims that an algorithm change by a major advertising partner led to higher customer acquisition costs and negatively impacted the company's financial performance, causing a 49.21% drop in its share price.
Tickers: $ODD
Topics: advertising partner algorithm changes class action lawsuit financial performance investor fraud stock price drop