Oatly Group AB Investor Investigation
Girard Sharp is investigating potential claims on behalf of Oatly Group AB stockholders following reports that Oatly misled investors about its sustainability and accounting practices and may have overstated revenue.
The price of Oatly shares dropped significantly after these reports emerged.
If you invested in Oatly, you may have a claim for relief.
Speak with a Girard Sharp investment fraud attorney for a free consultation by calling toll-free at (866) 981-4800 or by filling out the form below:
Speak to a Lawyer
More Information on the Oatly Investigation
On July 14, 2021, Spruce Point Capital released a report regarding its investigation into Oatly, a Swedish food company that produces alternatives to milk products made from oats. The report states that Oatly misrepresented its sustainability and accounting practices. According to the report, there were also signs of revenue overstatement at Oatly, which an Oatly manager in the United States verified.
Following the Spruce Point Capital report, Oatly’s share price fell as much as 7%.
Our Commitment to Excellence
Girard Sharp has earned national Tier 1 rankings for Mass Tort and Class Action Litigation and has been named to the U.S. News – Best Lawyers “Best Law Firms” list each year since 2013. Read about some of our results.
We have recovered over a billion dollars for our clients against some of the nation’s largest corporations, such as Raymond James, Peregrine Financial Group, and OppenheimerFunds, in cases arising from securities fraud, false advertising and other unfair business practices.
For a free consultation about your potential claims, contact one of our investment fraud attorneys at (866) 981-4800 or by filling out the form above.