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Case Status:    ONGOING    
On or around 07/29/2019 (Ongoing date of last review)

Filing Date: July 29, 2019

According to the Complaint, Oasmia purports to be a pharmaceutical company focused on innovative treatments within human and animal oncology.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Oasmia engaged in improper related-party transactions with Alceco International S.A. and Ardenia Investment LTD, which were controlled by one of the Individual Defendants and his former father-in-law; (2) due to those transactions, millions of Swedish kronor were not accounted for in Oasmia's books; (3) transactions concerning Oasmia's patents were also "carried out in a doubtful way;" and (4) 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.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Major Drugs
Headquarters: Sweden

SECURITIES INFORMATION:

Ticker Symbol: OASM
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. New York
DOCKET #: 19-CV-04349
JUDGE: Hon. Nicholas G. Garaufis
DATE FILED: 07/29/2019
CLASS PERIOD START: 10/23/2015
CLASS PERIOD END: 07/09/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New York)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available