Press release
Investigation announced for Investors in shares of DLocal Limited (NASDAQ: DLO) over possible Violations of Securities Laws
An investigation for investors in DLocal Limited (NASDAQ: DLO) shares over potential securities laws violations by DLocal Limited.
Investors who purchased shares of DLocal Limited (NASDAQ: DLO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of DLocal Limited (NASDAQ: DLO) concerning whether a series of statements by DLocal Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Uruquay based DLocal Limited operates a payments platform in the United States, Europe, China, and internationally. DLocal Limited reported that its annual Total Revenue rose from $104.14 million in 2020 to $244.12 million in 2021, and that its Net Income increased from $28.18 million in 2020 to $77.87 million in 2021.
On November 16, 2022, Muddy Waters Capital LLC ("Muddy Waters") published a research report concluding that DLocal "is likely a fraud." Muddy Waters alleges that DLocal has repeated disclosures about its Total Processing Volume and accounts receivable "that flatly contradict one another" and that there is "a contradictory discrepancy between two key subsidiaries' accounts payable and accounts receivable." Muddy Waters also alleges that DLocal engaged in multiple misrepresentations to disguise the timing and the source of funding for an insider option exercise.
Shares of DLocal Limited (NASDAQ: DLO) declined from over $37 per share in late 2021 to as low as $9.03 on November 17, 2022.
Those who purchased shares of DLocal Limited (NASDAQ: DLO) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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