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And now the lawsuits… Oatly hit with shareholder class actions following short seller report, such suits becoming more common, says attorney By Elaine Watson It has become “increasingly common in virtually all industries for short seller firms to target a company with accusations that drive down its stock price, which is then followed by a shareholder plaintiff firm pouncing on the stock drop with a class action lawsuit,” say attorneys after Oatly was hit with a flurry of lawsuits alleging securities fraud this week.
Glenn K. Vanzura, co-head of Mayer Brown’s securities litigation and enforcement practice, was speaking to FoodNavigator-USA after Oatly was targeted in several proposed class action lawsuits (see box below) on behalf of shareholders who claim they paid over the odds for Oatly American Depository Shares following its recent IPO.
HAGENS BERMAN Alerts Oatly Group (OTLY) Investors to Filing of Securities Class Action, Encourages Investors with Losses to Contact Firm s Attorneys Now
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OTLY NOTICE: Investors with Substantial Losses Have Opportunity to Lead the Oatly Group AB Class Action Lawsuit
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.