Jochims v. Oatly Group AB

S.D. New York

Jochims v. Oatly Group AB

District Court, S.D. New York·Decided June 1, 2023·No. 1:21-cv-06360·Unknown

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK eee ne ceceneeeeee X 21 Civ. 6360 (AKH) IN RE OATLY GROUP AB SECURITIES ORDER GRANTING MOTION LITIGATION : DISMISS

ALVIN K. HELLERSTEIN, U.S.D.J.: Plaintiffs’ failure to plead a legally sufficient and plausible set of allegations conforming to the Private Securities Litigation Reform Act, 15 U.S.C. § 78u-4(b), cause me to grant the motion to dismiss with leave to replead, except as to Count I, which is dismissed with prejudice. Plaintiffs may file an Amended Complaint no later than August 11, 2023. Defendants shall file an Answer no later than September 15, 2023. In repleading, Plaintiffs shall avoid repetition, and free its complaint from superfluous verbiage, unnecessary allegations, puzzle pleading (see In re Pareteum Sec. Litig., 19 Civ. 9767, 2020 WL 3448526, at *1—2 (S.D.N.Y. 2020)), inactionable statements of opinion (see Omnicare, Inc. vy. Laborers Dist. Council Constr. Indus. Pension Fund, 575 U.S. 175, 186 (2015)), and mere puffery (see ECA & Local 134 IBEW Joint Pension Tr. of Chi. v. JP Morgan Chase Co., 553 F.3d 187, 206 (2d Cir. 2009)).

SO ORDERED. Dated: June 1, 2023 (Le Le New York, New York ALVIN K. HELLERSTEIN United States District Judge

Free access — add to your briefcase to read the full text and ask questions with AI

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK eee ne ceceneeeeee X 21 Civ. 6360 (AKH) IN RE OATLY GROUP AB SECURITIES ORDER GRANTING MOTION LITIGATION : DISMISS

ALVIN K. HELLERSTEIN, U.S.D.J.: Plaintiffs’ failure to plead a legally sufficient and plausible set of allegations conforming to the Private Securities Litigation Reform Act, 15 U.S.C. § 78u-4(b), cause me to grant the motion to dismiss with leave to replead, except as to Count I, which is dismissed with prejudice. Plaintiffs may file an Amended Complaint no later than August 11, 2023. Defendants shall file an Answer no later than September 15, 2023. In repleading, Plaintiffs shall avoid repetition, and free its complaint from superfluous verbiage, unnecessary allegations, puzzle pleading (see In re Pareteum Sec. Litig., 19 Civ. 9767, 2020 WL 3448526, at *1—2 (S.D.N.Y. 2020)), inactionable statements of opinion (see Omnicare, Inc. vy. Laborers Dist. Council Constr. Indus. Pension Fund, 575 U.S. 175, 186 (2015)), and mere puffery (see ECA & Local 134 IBEW Joint Pension Tr. of Chi. v. JP Morgan Chase Co., 553 F.3d 187, 206 (2d Cir. 2009)).

SO ORDERED. Dated: June 1, 2023 (Le Le New York, New York ALVIN K. HELLERSTEIN United States District Judge

Jochims v. Oatly Group AB, (S.D.N.Y. 2023).

Pincite

Jochims v. Oatly Group AB (Jochims v. Oatly Group AB) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related