February 16, 2024
Investors suing Swedish alternative milk manufacturer Oatly asked a New York federal judge Friday to preliminarily approve a $9.25 million deal to settle claims that the company pitched its business as more environmentally friendly than it is.
January 01, 2024
A wide variety of cases are likely to keep retail industry attorneys busy in 2024, including high-profile antitrust actions against Amazon and Google, a growing number of greenwashing disputes, and skirmishes between major retailers and their increasingly unionized workforces.
June 02, 2023
A New York federal judge threw out a putative securities class action accusing Swedish alternative milk manufacturer Oatly of pitching its business as more environmentally friendly than it is, saying the investors can amend their complaint but urging them to avoid "mere puffery."
April 11, 2022
Swedish oat milk maker Oatly said its efforts to increase its production capacity were "hampered by global supply chain constraints" because of the global coronavirus pandemic, in a memo asking a Manhattan federal judge to dismiss shareholder allegations about "improprieties" in the company's public disclosures.
July 27, 2021
An investor in Swedish oat milk maker Oatly has launched a proposed class action against the company in New York federal court, claiming it hurt investors after a short-seller accused the company of "greenwashing" months after its $1.4 billion initial public offering.