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Investigation announced for Long-Term Investors in shares of Opera Limited (NASDAQ: OPRA)

04-27-2020 07:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Opera Limited (NASDAQ: OPRA) shares.

An investigation on behalf of current long term investors in Opera Limited (NASDAQ: OPRA) shares.

An investigation was announced over potential breaches of fiduciary duties by certain directors of Opera Limited.

Investors who are current long term investors in Opera Limited (NASDAQ: OPRA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: OPRA stocks follows a lawsuit filed against Opera Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OPRA stocks, concerns whether certain Opera Limited directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Offering Documents that were issued in connection with the Company's initial public offering commenced on or about July 27, 2018 and that the Defendants made false and/or misleading statements and/or failed to disclose that Opera's sustainable growth and market opportunity for its browser applications was significantly overstated, that Defendants' funded, owned, or otherwise controlled loan services applications and/or businesses relied on predatory lending practices, that all the foregoing, once revealed, were reasonably likely to have a material negative impact on Opera's financial prospects, especially with respect to its lending applications' continued availability on the Google Play Store, and that as a result, the Offering Documents and Defendants' statements were materially false and/or misleading and failed to state information required to be stated therein.

Those who purchased shares of Opera Limited (NASDAQ: OPRA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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