Levi & Korsinsky, LLP announces that a OTLY class action lawsuit has been filed on behalf of investors who purchased Oatly Group AB (OTLY) securities between May 20, 2021 and July 15, 2021. For more on the OTLY Lawsuit please contact us today.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (b) the Company overstated its sustainability practices and impact; (c) the Company exaggerated its growth in China; and (c) as a result of the foregoing, Oatly’s statements about its operations, business, and prospects were misleading during the Class Period.
If you suffered a loss in you have until September 24, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.