Company Investigated by the Portnoy Legislation Firm

Buyers can call the law firm at no cost to learn more about recovering their losses

LOS ANGELES, July 22, 2021 (World NEWSWIRE) — The Portnoy Regulation Firm advises Oatly Team AB (“Oatly” or the “Organization”) (NASDAQ: OTLY) traders that the company has initiated an investigation into achievable securities fraud, and may possibly file a course motion on behalf of investors.

Buyers are inspired to get hold of legal professional Lesley F. Portnoy, by mobile phone 310-692-8883 or email: lesley@portnoylaw.com, to focus on their legal legal rights, or click on in this article to join the situation by way of www.portnoylaw.com. The Portnoy Law Firm can deliver a complimentary scenario evaluation and discuss investors’ selections for pursuing claims to get well their losses.

Spruce Place Capital Administration (“Spruce Issue”) posted a report on July 14, 2021, accusing Oatly of numerous likely accounting improprieties and misrepresenting its sustainability practices. The Spruce Place report highlights “symptoms of profits overstatement,” asserts that a important Oatly U.S manager experienced verified this sort of income overstatement, and factors to an alleged divergence between accounts receivable expansion and product sales progress that implies “a pull forward of profits recognition,” between other issues. In purchase to look into such issues, Spruce Point identified as for Oatly’s board of directors to retain the services of an unbiased forensic accountant.

On July 16, 2021, Oatly’s inventory price fell $1.85 for every share, or 8.76{dcfa4b42334872b3517041d7075c48816e8f617446b245cec30e8949517ffd84}, on this news, about the pursuing three investing sessions to shut at $19.28 for each share.

Make sure you go to our web-site to overview much more details and submit your transaction facts.

The Portnoy Law Agency represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding husband or wife has recovered in excess of $5.5 billion for aggrieved buyers. Lawyer marketing. Prior final results do not assure equivalent results.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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