Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Oatly Group AB (OTLY) Class Action Lawsuit (July 2021)

Settlement

1:21cv6360 • July 26, 2021

Class Period Start

May 20, 2021

Class Period End

November 15, 2021

PSLRA Deadline

September 24, 2021

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

May 20, 2024

Sec11 Statutes of Repose

May 20, 2024

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

July 25, 2024

Settlement Fund

$9,250,000

Settlement Status

Final Approval

Settlement Class

All persons who: 1) purchased or acquired Oatly American Depositary Shares between May 20, 2021 and November 15, 2021, inclusive, or otherwise pursuant to Oatly's offering documents and were damaged thereby; and/or 2) purchased or acquired call options on Oatly ADS shares or sold put options on Oatly ADS Shares during the class period or otherwise pursuant to Oatly's offering documents and were damaged thereby.

Claim Administrator

Gilardi & Co. LLC
P.O. Box 301170 Los Angeles, CA 90030-1170
+1 888-298-4510
[email protected]

Hearing Date

July 17, 2024

Opt-out Deadline

June 17, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jul 17, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Jun 3, 2024

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Mar 28, 2024

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Mar 28, 2024

Proposed Settlement

Mar 28, 2024

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Feb 16, 2024

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Aug 11, 2023

Third Amended Complaint

A new complaint has been filed on behalf of certain investors in Oatly Group AB. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jun 1, 2023

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Oct 3, 2022

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Aug 17, 2022

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in Oatly Group AB. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 8, 2022

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Mar 4, 2022

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Oatly Group AB. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jan 28, 2022

Scheduling Order

Dec 6, 2021

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Dec 1, 2021

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Oatly Group AB. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Sep 22, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Oatly Group AB. The allegations and class definitions are substantively the same.

Jul 30, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Oatly Group AB. The allegations and class definitions are substantively the same.

Jul 26, 2021

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Oatly Group AB.

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