DLOCAL ALERT: Bragar Eagel & Squire, PC Investigates DLocal Ltd on Behalf of DLocal Shareholders and Urges Investors to Contact the Firm | Biden News

DLOCAL ALERT: Bragar Eagel & Squire, PC Investigates DLocal Ltd on Behalf of DLocal Shareholders and Urges Investors to Contact the Firm

 | Biden News

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NEW YORK–(BUSINESS DATE)–Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against DLocal Ltd (“DLocal” or the “Company”) (NASDAQ: DLO) on behalf of DLocal shareholders. Our investigation concerns whether DLocal violated the federal securities laws and/or engaged in other illegal business practices.

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On November 16, 2022, Muddy Waters Capital LLC (“Muddy Waters”) issued a research report concluding that DLocal “is likely a scam.” Muddy Waters claims that DLocal has repeated disclosures about its Total Processing Volume and accounts receivable “that completely contradict each other” and that there is a “contradictory difference between the accounts payable of two key subsidiaries and the accounts receivable.” Muddy Waters also alleges that DLocal engaged in multiple misrepresentations to disguise the timing and the source of funding for an inside option exercise.

On this news, DLocal’s stock price fell $10.76, or more than 50%, to close at $10.46 per share on November 16, 2022, thus hurting investors.

If you purchased or otherwise acquired DLocal stock and suffered a loss, are a long-time shareholder, have information, would like to learn more about these claims, or have questions about this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by phone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.

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