Rosen Law Firm Urges DLocal Limited Investors to Secure Counsel Before Securities Class Action Deadline

The Rosen Law Firm, a prominent global investor rights law firm, has issued a reminder to investors who have purchased shares of DLocal Limited DLO between May 2, 2022, and May 25, 2023. The firm is urging them to secure legal counsel prior to the critical lead plaintiff deadline of December 5, 2023, related to an ongoing securities class action suit against the company.

Important Deadline Announced

Investors holding shares of DLocal Limited during the specified class period may be eligible for compensation. This eligibility comes without the requirement of any out-of-pocket fees or costs due to a contingency fee arrangement. With the deadline fast approaching, it is important for investors to act promptly to protect their rights.

Details on Class Action Participation

To participate in the DLocal class action lawsuit, affected investors can submit their details online, contact Phillip Kim, Esq. via toll-free number, or reach out via email to the addresses provided by the law firm. It is crucial for investors wishing to be principal plaintiffs to move the court by December 5, 2023. A lead plaintiff will represent the interests of all class members within the litigation process.

Choosing the Right Counsel

Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record of success in securities class action leadership roles. They caution against choosing firms that may only act as intermediaries without directly litigating such cases. The firm also shares its accomplishments, including recovering significant amounts for investors, earning top rankings for securities class action settlements, and receiving peer recognition.

Allegations in the Lawsuit

The lawsuit alleges that DLocal Limited engaged in inappropriate behavior and transactions in violation of Argentine law, particularly foreign exchange regulations. It further claims that the company's disclosure controls and financial reporting measures were deficient, increasing the likelihood of regulatory scrutiny and enforcement actions from Argentine authorities. The lawsuit asserts that material misrepresentations were made by the company, leading to investor damages when the truth was revealed.

Investors who wish to participate in the class action lawsuit against DLocal Limited should visit the Rosen Law Firm's website or directly contact their legal representatives. It is important to note that unless a class is certified, investors are not represented by counsel unless they hire one. An investor's ability to partake in any potential future recovery does not rely on serving as a lead plaintiff.

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