An investigation on behalf of current long term investors in Opera Limited (NASDAQ: OPRA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/04/2020 -- Certain directors of Opera Limited are under investigation concerning potential breaches of fiduciary duties.
Investors who are investors in Opera Limited (NASDAQ: OPRA) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: OPRA stocks follows a lawsuit filed against Opera Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OPRA stocks, concerns whether certain Opera Limited directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Offering Documents that were issued in connection with the Company's initial public offering commenced on or about July 27, 2018 and that the Defendants made false and/or misleading statements and/or failed to disclose that Opera's sustainable growth and market opportunity for its browser applications was significantly overstated, that Defendants' funded, owned, or otherwise controlled loan services applications and/or businesses relied on predatory lending practices, that all the foregoing, once revealed, were reasonably likely to have a material negative impact on Opera's financial prospects, especially with respect to its lending applications' continued availability on the Google Play Store, and that as a result, the Offering Documents and Defendants' statements were materially false and/or misleading and failed to state information required to be stated therein.
Those who purchased shares of Opera Limited (NASDAQ: OPRA) have certain options and should contact the Shareholders Foundation.
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