dLocal Limited (DLO)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of dLocal Limited (“dLocal” or the “Company”) (NASDAQ: DLO). Investors who purchased dLocal securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether dLocal has violated federal securities laws.
On May 26, 2023, Argentine news outlet Infobae published an article reporting that the Argentine government was investigating dLocal for a possible $400 million fraud. Specifically, Infobae reported that the government was investigating the Company for “improper maneuvers” and transfers abroad, with unnamed sources alleging that “[t]he company operates as a mere instrument to take advantage of the exchange rate gap and to take dollars abroad with operations that are not reflected in the accounting.” On this news, dLocal’s stock price fell $2.39 per share, or 17.32%, to close at $11.41 per share on May 26, 2023.
If you are aware of any facts relating to this investigation or purchased dLocal shares, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.