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Grand News Network | October 24, 2023

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DLocal Limited (DLO)

LOS ANGELES, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming December 5, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired DLocal Limited ("DLocal" or the "Company") (NASDAQ:DLO) securities between May 2, 2022 and May 25, 2023, inclusive (the "Class Period").

If you suffered a loss on your DLocal investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/dlocal-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On May 26, 2023, Argentine news outlet Infobae reported 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 DLocal "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 ...

Full story available on Benzinga.com


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