LOS ANGELES, CA / ACCESSWIRE / February 21, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Opera Limited ("Opera" or "the Company") (NASDAQ:OPRA) for violations of the federal securities laws. Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering commenced on or about July 27, 2018 (the "IPO" or "Offering"); and/or between July 27, 2018 and January 15, 2020, inclusive (the "Class Period") are encouraged to contact the firm before March 24, 2020.
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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 email@example.com.
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.
According to the Complaint, the Company made false and misleading statements to the market. Opera seriously overstated its market opportunity and sustainable growth for its browser applications. The Company funded and controlled loan services that engaged in predatory lending practices. These practices were likely to impact the Company's ability to make its apps available on the Google Play Store. Based on these facts, the Company's public statements and offering documents were false and materially misleading throughout the class period. When the market learned the truth about Opera, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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