Investigation announced for Investors who lost money with shares of CI&T Inc. (NYSE: CINT)

An investigation was announced for investors of CI&T Inc. (NYSE: CINT) shares over potential securities laws violations by CI&T Inc.

Investors who purchased shares of CI&T Inc. (NYSE: CINT), 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 CI&T Inc. (NYSE: CINT) concerning whether a series of statements by CI&T Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Brazil based CI&T Inc., together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide.

On March 7, 2024, CI&T Inc. issued a press release stating that the Company had "identified certain non-cash accounting errors related to deferred income accounting for tax-deductible goodwill, as required under IFRS - International Financial Reporting Standard ('IFRS')." Accordingly, CI&T advised that "(i) the Company's audited consolidated financial statements as of and for the year ended December 31, 2022, included in its annual report on Form 20-F for the year ended December 31, 2022 filed with the United States Securities and Exchange Commission ('SEC') on March 28, 2023, and (ii) the Company's unaudited condensed consolidated interim financial statements as of and for the periods ended March 31, 2023, June 30, 2023 and September 30, 2023, each previously furnished to the SEC on a current report on Form 6-K, should no longer be relied upon[.]"

Shares of CI&T Inc. (NYSE: CINT) declined from $7.20 per share in June 2023, to as low as $3.60 per share on March 08, 2024.

Those who purchased shares of CI&T Inc. (NYSE: CINT) 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.

This release was published on openPR.