LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Oasmia Pharmaceutical AB (“Oasmia” or “the Company”) (NASDAQ: OASM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between October 23, 2015 and July 9, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before September 27, 2019.
If you are a shareholder who suffered a loss, click here to participate.
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.
According to the Complaint, the Company made false and misleading statements to the market. Oasmia engaged in deceptive and improper related-party transactions with Alceco International S.A. and Ardenia Investment LTD. These improper transactions resulted in millions of Swedish Kronor not accounted for in the Company’s books. Other transactions related to the Company’s patents were also “carried out in a doubtful way.” Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Oasmia, 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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