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RADNOR, Pa., July 14, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Oatly Group AB (NASDAQ: OTLY) (“Oatly”).
Oatly is an oatmilk company that provides alternatives to dairy products. Oatly was formerly known as Havre Global AB and changed its name to Oatly Group AB in March 2021.
On July 14, 2021, Spruce Point Capital Management, LLC (“Spruce Point”), issued a detailed report entitled “Sour on an Oat-Lier Investment.” In the report, Spruce Point accused Oatly of improper accounting practices and greenwashing and alleged that Oatly has overstated both its revenue and margins to investors. The report also takes issue with Oatly’s commitment to ESG practices, arguing that “Oatly doesn’t practice what it preaches in terms of good Environmental, Social, and Governance practices.”
If you are an Oatly investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at info@ktmc.com; or please visit the following link to fill out our online form https://www.ktmc.com/Oatly-Group-AB-investigation?utm_source=PR&utm_medium=link&utm_campaign=oatly
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500
info@ktmc.com