Class Action Lawsuit Filed Against Oddity Tech Ltd. in New York
- Class action lawsuits filed against NANO Nuclear Energy Inc. and Oddity Tech Ltd.
- Investors advised to inquire about securities fraud lawsuits by September 17, 2024.
- Legal actions taken against the companies raise concerns about potential fraud.
– A securities fraud lawsuit has been initiated against NANO Nuclear Energy Inc. (NASDAQ: NNE) on behalf of investors who purchased the company's securities between May 8, 2024, and July 18, 2024. Those interested in serving as lead plaintiff representatives must file their applications by October 8, 2024. The lead plaintiff will represent the interests of the class and select legal counsel, although participation in the lawsuit does not require one to take on this role. In a separate case, a class action lawsuit has also been filed against Oddity Tech Ltd. (NASDAQ: ODD) in the U.S. District Court for the Eastern District of New York. This lawsuit pertains to investors who acquired Oddity securities from July 19, 2023, to May 20, 2024, with a deadline for lead plaintiff applications set for September 17, 2024. The allegations against Oddity include claims that its AI technology is merely a questionnaire and that its reported high repeat purchase rates stem from customers being unknowingly locked into non-cancelable plans. Additionally, a report highlighted numerous undisclosed lawsuits against Oddity and its subsidiaries, which have raised concerns about unpaid bills and consumer protection violations. Following these revelations, Oddity's stock price dropped significantly, closing at $37.97 per share on May 21, 2024. Berger Montague, a law firm with a long history in securities class action litigation, is representing both cases. Investors seeking more information or wishing to participate can contact the firm directly.