An investor, who purchased shares of Oasmia Pharmaceutical AB (publ) (NASDAQ: OASM), filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Oasmia Pharmaceutical AB.
Investors who purchased shares of Oasmia Pharmaceutical AB (publ) (NASDAQ: OASM) have certain options and for certain investors are short and strict deadlines running. Deadline: September 27, 2019. NASDAQ: OASM investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Oasmia Pharmaceutical AB (publ) (NASDAQ: OASM) common shares between October 23, 2015 through July 9, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 23, 2015 through July 9, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Oasmia engaged in improper related-party transactions with Alceco International S.A. and Ardenia Investment LTD, which were controlled by Defendant Aleksov and his former father-in-law, that due to those transactions, millions of Swedish kronor were not accounted for in Oasmia’s books;, that transactions concerning Oasmia’s patents were also “carried out in a doubtful way;” and that as a result of the aforementioned misconduct, defendants’ statements about Oasmia’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Oasmia Pharmaceutical AB (publ) (NASDAQ: OASM) have certain options and should contact the Shareholders Foundation.
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