DLocal Limited (DLO) Faces Government Investigation and Lawsuit Over Foreign Exchange Regulations

DLocal Limited (DLO) Faces Government Investigation and Lawsuit Over Foreign Exchange Regulations

Grand News Network / November 6, 2023 5:45 PM

SAN FRANCISCO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges DLocal Limited (NASDAQ:DLO) investors who suffered substantial losses to submit your losses now.  

Class Period: May 2, 2022 – May 25, 2023
Lead Plaintiff Deadline: Dec. 5, 2023
Visit: www.hbsslaw.com/investor-fraud/DLO
Contact An Attorney Now: DLO@hbsslaw.com
                                                   844-916-0895

DLocal Limited (NASDAQ:DLO) Securities Class Action:

The complaint alleges that DLocal made false and misleading statements and failed to disclose that: (1) it engaged in certain improper conduct and transfers abroad in violation of Argentine laws, including foreign exchange regulations; (2) its compliance controls and procedures, including disclosure controls and procedures and internal controls over financial reporting, were deficient; and (3) the foregoing subjected the company to a heightened risk of government scrutiny in Argentina.

Investors began to learn the truth on May 26, 2023, when ...

Full story available on Benzinga.com


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