4 Firms Vie To Lead Investor Suit Against Web Browser Co.

Law360 (March 25, 2020, 4:19 PM EDT) -- Four legal teams are looking to represent a proposed class of investors in a suit against web browser and fintech company Opera Ltd. after a report accusing it of improper business practices pushed down its stock price in January.

Attorneys from Pomerantz LLP, The Rosen Law Firm PA, Hagens Berman Sobol Shapiro LLP and Levi & Korsinsky LLP sought lead counsel appointments in motions filed Tuesday in New York federal court.

Pomerantz represents Leon M. Brown, the individual investor who filed the initial securities fraud action on Jan. 24. Brown claims he lost $16,521 in connection with the company’s alleged misrepresentations...

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