Le Lézard
Classified in: Business
Subject: ATY

(OPRA) Alert: Johnson Fistel Launches Investigation into Opera Limited; Investors Encouraged to Contact Firm


SAN DIEGO, Jan. 16, 2020 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Opera Limited ("Opera" or the "Company") (NASDAQ: OPRA) for violations of federal securities laws.

On January 16, 2020, Hindenburg Research ("Hindenburg") published a report placing "a 12-month price target of $2.60 on Opera Limited (OPRA), representing a 70% downside."  The report listed various issues, including, "Most 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." Hindenburg further stated, "Instead of disclosing to investors that its "high-growth" microfinance segment could be imperiled by these new rules, Opera instead immediately raised $82 million in a secondary offering without disclosing Google's changes to investors."

Following this news, Opera's share price fell sharply during mid-day trading on January 16, 2020. 

If you lost money, realized or unrealized on your Opera investment, and are interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP 
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

[click here to join this action]

SOURCE Johnson Fistel, LLP


These press releases may also interest you

at 18:00
The 2020 Edelman Trust Barometer reveals that despite a strong global economy and near full employment, a majority of respondents in every developed market do not believe they will be better off in five years' time, and 56 percent believe that...

at 12:27
International Maritime Industries (IMI) announced today they had signed two "Rig Purchase Agreement's" (RPA's) with ARO; a world-class offshore drilling contractor that owns, operates, and manages a fleet of high-specification and premium jack-up...

at 11:15
ARO Drilling, a 50/50 joint venture between Saudi Arabian Oil Company ("Saudi Aramco") and Valaris plc, announced today its signing of two contracts with International Maritime Industries ("IMI") for the construction of two LETOURNEAUtm Super 116E...

at 11:10
Compare-autoinsurance.org has launched a new blog post that presents several popular methods used to lower the price of car insurance premiums. For more info and free quotes, visit...

at 10:10
Compare-autoinsurance.org has launched a new blog post that explains how the zip code can affect the price of car insurance premiums. For more info and free quotes, visit https://compare-autoinsurance.org/why-car-insurance-varies-by-zip-code/ Car...

at 09:10
Compare-autoinsurance.org has launched a new blog post that explains what advantages are gained by using free online car insurance quotes. For more info and free quotes, visit...



News published on 16 january 2020 at 14:05 and distributed by: