PHILADELPHIA, Jan. 16, 2020 /PRNewswire/ -- Kehoe Law
Firm, P.C. is investigating potential securities claims on behalf
of shareholders of Opera Limited ("Opera" or the "Company")
(NasdaqGS: OPRA) to determine whether Opera may have issued
materially misleading information to the investing public in
violation of the federal securities laws.
On January 16, 2020, Hindenburg
Research published a report alleging, among other things, that
"[m]ost of Opera's lending business is operated through apps
offered on Google's Play Store. In August, Google tightened rules
to curtail predatory lending and, as a result, Opera's apps are now
in black and white violation of numerous Google rules." Further,
Hindenburg Research stated that Opera, "[i]nstead of disclosing to
investors that its "high-growth" microfinance segment could be
imperiled by these new rules, Opera . . . immediately raised
$82 million in a secondary offering
without disclosing Google's changes to investors."
On this news, Opera's stock price fell sharply during
intraday trading on January 16, 2020,
injuring investors.
If you wish to discuss Kehoe Law Firm's investigation or have
questions about your potential legal rights, please contact either
John Kehoe, Esq, (215) 792-6676,
Ext. 801, jkehoe@kehoelawfirm.com, or Michael Yarnoff, Esq., (215) 792-6676, Ext. 804,
myarnoff@kehoelawfirm.com, info@kehoelawfirm.com, to learn more
about the investigation or potential legal claims.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary,
plaintiff–side law firm dedicated to protecting investors from
securities fraud, breaches of fiduciary duties, and corporate
misconduct. Combined, the partners at Kehoe Law Firm have
served as Lead Counsel or Co-Lead Counsel in cases that have
recovered more than $10 billion
dollars on behalf of institutional and individual
investors.
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SOURCE Kehoe Law Firm, P.C.