Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
NVEI.US
id: 259, Created by Sherif Fathy, Scout
Nuvei Corp
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
In a report from Spruce Point Capital Managment, dated on the 8th of December, 2021, there were claims that Nuvei Corporation have neglected the real growth data and published another false data to the public.
The report claims that Nuvei “has covered up a pattern of business failures, lack of organic growth, and a web of relationships with individuals connected to major Ponzi Schemes and alleged fraudulent activities.” Furthermore, while Nuvei is reporting “remarkable financial success,” Spruce Point asserts that the Company’s financial disclosures are “weak” and that “results are being temporarily enhanced from concentrated exposure to high risk gaming and eCommerce.”
Following this news, the price of Nuvei shares was down over 37% in early morning trading on December 8, 2021, and hurting investors.
Alleged Offence
Mismanagement,
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08 December 2021