{"id":81022,"date":"2023-03-10T04:30:14","date_gmt":"2023-03-10T04:30:14","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=aafde2585f00dc28b6c2a466279b0c9b"},"modified":"2023-03-10T04:30:14","modified_gmt":"2023-03-10T04:30:14","slug":"dlo-notice-globally-recognized-rosen-law-firm-encourages-dlocal-limited-investors-to-inquire-about-class-action-investigation-dlo","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/dlo-notice-globally-recognized-rosen-law-firm-encourages-dlocal-limited-investors-to-inquire-about-class-action-investigation-dlo\/","title":{"rendered":"DLO NOTICE: GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages DLocal Limited Investors to Inquire About Class Action Investigation \u2013 DLO"},"content":{"rendered":"

NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) —\u00a0WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of DLocal Limited (NASDAQ: DLO) resulting from allegations that dLocal may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong>\u00a0If you purchased dLocal securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the prospective class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=11762<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong>\u00a0On November 16, 2022, Muddy Waters Research published a report entitled \u201cDLO: \u2018History Never Repeats Itself, but it Does Often Rhyme,\u2019\u201d which concluded that \u201cDLO is likely a fraud\u201d and stated that the Company \u201chas repeated disclosures about its TPV and accounts receivable that flatly contradict one another. There is also a contradictory discrepancy between two key subsidiaries’ accounts payable and accounts receivable. These types of seemingly innocuous misstatements are, instead, often signs of cooked books because it can become quite a strain to keep the numbers straight once you start manipulating them.\u201d In addition, the report stated that \u201cManagement and directors dumped an extraordinary ~$1 billion in shares within the first five months of DLO being public. A spate of recent high-level departures brings to mind the idiom about \u2018rats fleeing a sinking ship.\u2019\u201d<\/p>\n

On this news, dLocal\u2019s stock price fell $10.76 per share, or 50%, to close at $10.46 per share on November 16, 2022.<\/p>\n

Then, on December 1, 2022, Muddy Waters published a second report stating that dLocal has held calls with clients from several banks, stressing that it had separated client funds from its own. The report also said that dLocal\u2019s calls with clients were \u201cnon-specific\u201d and \u201csweet-talking,\u201d and that \u201call [the Company] needed to do to address this issue was provide an explanation as to how the cash flows reconcile.\u201d<\/p>\n

On this news, dLocal\u2019s stock price fell $2.21 per share, or 15%, to close at $12.39 per share on December 1, 2022.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8785619<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of DLocal Limited (NASDAQ: DLO) resulting from allegations that dLocal may have issued materially misleading business information to the investing public. SO WHAT:\u00a0If you purchased dLocal securities you [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,52,415],"tags":[],"yoast_head":"\nDLO NOTICE: GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages DLocal Limited Investors to Inquire About Class Action Investigation \u2013 DLO - Jordan News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jordannewsgazette.com\/dlo-notice-globally-recognized-rosen-law-firm-encourages-dlocal-limited-investors-to-inquire-about-class-action-investigation-dlo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DLO NOTICE: GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages DLocal Limited Investors to Inquire About Class Action Investigation \u2013 DLO - Jordan News Gazette\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of DLocal Limited (NASDAQ: DLO) resulting from allegations that dLocal may have issued materially misleading business information to the investing public. 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