Press release
Deadline on December 5th coming up in Lawsuit filed for certain investors who lost money with shares of DLocal Limited (NASDAQ: DLO)
A Deadline is coming up on December 5, 2023 in the lawsuit for certain investors in DLocal Limited (NASDAQ: DLO).
Investors who purchased shares of DLocal Limited (NASDAQ: DLO) have certain options and there are strict and short deadlines running. Deadline: December 5, 2023. NASDAQ: DLO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of DLocal Limited (NASDAQ: DLO) common shares between May 2, 2022 and May 25, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 2, 2022 and May 25, 2023, the Defendants failed to disclose to investors that: (i) DLocal engaged in certain improper conduct and transfers abroad in violation of Argentine laws and/or regulations, including, inter alia, foreign exchange regulations; (ii) accordingly, DLocal's compliance controls and procedures, including its disclosure controls and procedures and internal controls over financial reporting, were deficient; (iii) all the foregoing subjected the Company to a heightened risk of governmental and/or regulatory scrutiny in Argentina and/or enforcement action by Argentine authorities; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
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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