NEW YORK, NY / ACCESSWIRE / July 15, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against Oatly Group AB (NASDAQ:OTLY).
On July 14, 2021, Spruce Point Capital Management, LLC ('Spruce Point'), a New York-based investment management firm that focuses on forensic research and short-selling, issued a detailed report entitled 'Sour on an Oat-Lier Investment' that outlines why they believe shares of Oatly Group AB (NASDAQ: OTLY) ('Oatly' or the 'Company'), face up to 30% to 70% intermediate-term downside risk, or $6.40 - $14.90 per share, and longer-term insolvency risk. Spruce Point has accused Oatly of improper accounting practices and greenwashing and alleges that Oatly has overstated both its revenue and margins to investors.
If you currently own stock or options in Oatly Group AB and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at [email protected].
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
CONTACT:
David J. Schwartz
(800) 321-0476
[email protected]
SOURCE: Labaton Sucharow LLP