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]
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SOURCE Johnson Fistel, LLP