NEW YORK, NY / ACCESSWIRE / September 20, 2021 / Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Oatly Group AB ("Oatly" or the "Company") (NASDAQ:OTLY) from May 20, 2021 through July 15, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Act of 1934.
If you purchased Oatly securities, and/or would like to discuss your legal rights and options please visit Oatly Shareholder Class Action Lawsuit or contact Rujul Patel toll free at (877) 779-1414 or [email protected]
The Complaint alleges that the Defendants made materially false and/or misleading statements to investors during the Class Period. Specifically, the action alleged that Oatly (a) overinflated its gross margins, revenue, and capital expenditure financial metrics; (b) overstated the proprietary nature of its formulas and manufacturing process; (c) exaggerated its success in China; and (d) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.
On this news, Oatly's stock price fell 8.8% over the next two trading sessions, to close at $19.48 per share on July 15, 2021.
If you wish to serve as lead plaintiff, you must move the Court no later than September 24, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased Oatly securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/oatlygroupab-421/apply/ or contact Rujul Patel toll free at (877) 779-1414 or [email protected]
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
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Contact Information
Rujul Patel
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]
SOURCE: Bernstein Liebhard LLP