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- In re Oatly Group AB Securities Litigation
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In re Oatly Group AB Securities Litigation
Kostendt v. Oatly Group AB ↗
1:21-cv-07904S.D.N.Y.2 entries
In re Oatly Group AB Securities Litigation ↗
1:21-cv-06360S.D.N.Y.18 entries
Filing Date
Type
Action Taken
Document
Summary
06/03/2024
Motion
Motion filed seeking final approval of class action settlement and plan of allocation.
–
06/03/2024
Affidavit/Declaration
Joint declaration filed in support of plaintiffs' motion for final approval of class action settlement and approval of plan of allocation.
–
02/16/2024
Brief
Memorandum of law filed in support of plaintiffs' motion for preliminary approval of settlement.
–
Bentley v. Oatly Group AB ↗
1:21-cv-06485S.D.N.Y.3 entries
Filing Date
Type
Action Taken
Document
Summary
10/26/2021
Decision
Court issued order dismissing the complaint and stating that amended complaints and motions to be appointed lead plaintiff and lead counsel were due December 1, 2021.
–
07/30/2021
Complaint
Complaint filed.
Two securities class actions filed in the federal district court for the Southern District of New York alleged that Oatly Group AB, the oatmilk company, and Oatly officials and directors made false statements and failed to disclose adverse facts that deceived the investing public and artificially inflated the prices of Oatly stock shares between the time of the company’s initial public offering in the United States in May 2021 and July 2021, when a short seller issued a report on “a number of improprieties at Oatly, including improper accounting practices and greenwashing (making the Company’s product appear more sustainable than it actually is).” The complaint alleged that Oatly’s statements in the registration statement filed with the Securities and Exchange Commission and in an investor presentation including misleading statements related to the greenhouse gas emissions and energy consumption associated with its product.