Regulation360 (October 9, 2020, 7:39 PM EDT) — Buyers in net browser firm Opera on Thursday informed a federal decide in Manhattan that the corporate and a few of its brass should face their proposed securities class motion as a result of Opera did not correctly inform them about its participation within the fintech sector within the leadup to its 2018 public providing.
Within the Oct. eight memo, Opera buyers Lilian Lau and Leon Brown informed U.S. District Choose John G. Koeltl that when members of the proposed shareholder class bought shares of the corporate in reference to Opera’s IPO, “they obtained one thing materially completely different than they bargained for.”
The Opera buyers alleged…
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