Los Angeles, CA - 
(NewMediaWire) - September 21, 2021 - The Schall Law
Firm, a national
shareholder rights litigation firm, reminds investors of a class action lawsuit
against Oatly Group AB (“Oatly” or “the Company”) (NASDAQ:
OTLY) for
violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who
purchased the Company's securities between May 20, 2021 and July 15, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before September
24, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market.
Oatly overinflated its gross margins, capital expenditure financial metrics,
and revenues. The Company exaggerated the proprietary nature of both its
product formulas and manufacturing processes. The Company overstated its
success in China. Based on these facts, the Company’s public statements were
false and materially misleading throughout the class period. When the market
learned the truth about Oatly, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
