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DLO.US
id: 455, Created by Stan Vick Chase, Scout
Dlocal Ltd
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
Hedge fund Muddy Waters issued a report critical of DLocal (DLO), concluding that the Company is "likely a fraud."
- the Short Seller Fund alleged that DLocal disclosures "flatly contradict one another" and said there is a "contradictory discrepancy between two key subsidiaries' accounts payable and accounts receivable."
- Muddy Waters sees "signs of cooked books" and said it has concerns about DLocal's controls to protect client funds.
On this news, DLO shares dropped over 50% and the Company lost more than $1.7 billion of its capitalization.
Going back in June 2021, Dlocal conducted a successful IPO, with the shares nearly doubling in its initial months, but DLO stock has fallen below its offering price in recent months.
Managers and directors sold about $1 billion worth of DLocal shares within the first five months of the Company being public and said there have been a number of high-level departures, factors that Muddy Waters says "brings to mind the idiom about 'rats fleeing a sinking ship.'"
DLocal commented on Mundy Water's Report: "The report contains numerous inaccurate statements, groundless claims, and speculation. Short seller reports are often designed to drive the stock price downwards to serve the short seller’s interests to the detriment of the company’s shareholders. We caution shareholders from making investment decisions based on this report. Dlocal will rebut the allegations in the appropriate forum in due course."
Taking all facts and research into account, Investors have reasons to suspect that their rights were grossly violated whether by Company, its Leaders and Service Providers, or an Influential Hedge Fund which intentionally ruined DLO stock quotes.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Price manipulation,
Insider Trading,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Influencer,
Investment Bank,
Service Provider,
Research Entity,
Hedge Fund
Security Type
Stocks
Trade Direction
Long
Shock Event Date
16 November 2022