Oat Milk Co. Investor Sues Over $1.4B IPO 'Greenwashing' - Law360

borostos.blogspot.com

Law360 (July 27, 2021, 5:06 PM EDT) -- An investor in Swedish oat milk maker Oatly has launched a proposed class action against the company in New York federal court, claiming it hurt investors after a short-seller accused the company of "greenwashing" months after its $1.4 billion initial public offering.

In the suit filed Monday, Oatly investor Kai Jochims claimed that trading prices for Oatly's American depositary shares fell by nearly 9% over two trading days after the short-seller's report alleging "a number of improprieties" at Oatly went live in mid-July.

Jochims accused Oatly and its brass of fraud in connection with certain claims included in the company's IPO...

Adblock test (Why?)

"oat" - Google News
July 28, 2021 at 04:06AM
https://ift.tt/3BPvW1l

Oat Milk Co. Investor Sues Over $1.4B IPO 'Greenwashing' - Law360
"oat" - Google News
https://ift.tt/2VUZxDm
https://ift.tt/3aVzfVV

Bagikan Berita Ini