Opinion
21 Civ. 6360 (AKH)
06-01-2023
IN RE OATLY GROUP AB SECURITIES LITIGATION
ORDER GRANTING MOTION TO 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 II, 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. v. Laborers Dist. Council Constr. Indus. Pension Fund, 575 U.S. 175, 186 (2015)), and mere puffery (see ECA & Local 134IBEW Joint Pension Tr. of Chi. v. JP Morgan Chase Co., 553 F.3d 187, 206 (2d Cir. 2009)).
SO ORDERED.