An investigation on behalf of current long term investors in Oatly Group AB (NASDAQ:OTLY) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/21/2021 -- Certain directors of Oatly Group AB are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Oatly Group AB (NASDAQ: OTLY) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: OTLY stocks follows a lawsuit filed against Oatly Group AB over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OTLY stocks, concerns whether certain Oatly Group AB directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Oatly Group AB (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 between May 20, 2021 and July 15, 2021.
Those who purchased shares of Oatly Group AB (NASDAQ: OTLY) have certain options and should contact the Shareholders Foundation.
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