The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Opera Limited ("Opera" or "the Company") (NASDAQ: OPRA) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Opera and its microfinancing app is the subject of a Hindenburg Research report published on January 16, 2020. According to the report, the Company’s microfinancing app is in violation of the Google Play Store’s policies on predatory, short-term lending and misleading apps. The report also alleges that the Company spent $9.5 million purchasing a business it already funded and operated. Based on this news, shares of Opera fell sharply in intraday trading on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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