WHAT INVESTORS NEED TO KNOW ABOUT THE THE DLOCAL CLASS ACTION LAWSUIT

If you suffered losses in DLocal stock, contact DLocal stock loss lawyer Timothy L. Miles about a DLocal class action lawsuit

INTRODUCTION TO THE DLOCAL CLASS ACTION LAWSUIT

​The DLocal class action lawsuit seeks to represent purchasers or acquirers of DLocal Limited (NASDAQ: DLO) securities between May 2, 2022 and May 25, 2023, both dates inclusive (the “Class Period”).  Captioned Francis v. DLocal Limited, No. 23-cv-07501 (E.D.N.Y.), the DLocal class action lawsuit charges DLocal and certain of its top executive officers with violations of the​ Securities Exchange Act of 1934.
​​
If you suffered losses in DLocal stock and wish to serve as lead plaintiff in the DLocal class action lawsuit, please contact DLocal Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the DLocal class action lawsuit must be filed with the court no later than December 5, 2023.

Read on to learn what DLocal investors need to know about the DLocal class action lawsuit.

THE ALLEGATIONS IN THE DLOCAL CLASS ACTION LAWSUIT

DLocal operates a payment processing platform for merchants worldwide and, as part of its operations, engages in certain foreign exchange transactions.

The DLocal class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) DLocal engaged in certain improper conduct and transfers abroad in violation of Argentine laws and/or regulations, including, among other things, foreign exchange relations; (ii) as a result, DLocal’s compliance controls and procedures, including its disclosure controls and procedures and internal controls over financial reporting, were deficient; and (iii) the above subjected DLocal to a heightened risk of governmental and/or regulatory scrutiny in Argentina and/or enforcement action by Argentine authorities.

​The DLocal class action lawsuit further alleges that on May 26, 2023, Argentine news outlet Infobae published an article titled “The Government investigates the only Uruguayan unicorn for alleged fraud against the Argentine State and analyzes denouncing it in the US.”  According to the complaint, the article reported that the Argentine government was investigating DLocal for a possible $400 million fraud related to “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 the accounting.”  The DLocal class action lawsuit alleges that on this news, DLocal’s Class A common share price fell more than 17%.

THE LEAD PLAINTIFF PROCESS IN THE DLOCAL CLASS ACTION LAWSUIT

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in DLocal stock to seek appointment as lead plaintiff in the DLocal class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
​
​A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in DLocal stock and have further questions, contact DLocal stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a DLocal class action lawsuit if you suffered losses in DLocal​ stock.

NON-U.S. INVESTORs may SERVE AS LEAD PLAINTIFF IN THE CLASS ACTION against DLOCAL IF THEY SUFFERED LOSSES IN DLOCAL STOCK

Courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in DLocal​ stock, they may move the Court to be appointed lead plaintiff in the class action against DLocal. 

THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE CLASS ACTION against DLOCAL

Serving as a Lead Plaintiff in the class action against DLocal has several advantages and important benefits including:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against DLocal if you suffered losses in DLocal stock. ​

THE LEAD PLAINTIFFS WILL NOT GET MORE MONEY THAN CLASS MEMBERS IN THE CLASS ACTION against DLOCAL

But they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the class action against DLocal. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the class action against DLocal on behalf of investors who suffered losses in DLocal stock​. 

THE COURT MAY APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE CLASS ACTION against DLOCAL

​​At its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the class action against DLocal.

CLASS PERIOD DETERMINATION IN THE DLOCAL CLASS ACTION LAWSUIT

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives.  The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.  The class period ends when the truth is revealed to the investing public through a corrective disclosure.  
 
In order to be a part of the class in the DLocal class action lawsuit, you must have suffered losses in DLocal stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the DLocal class action lawsuit​.  

HOW A DLOCAL STOCK LOSS LAWYER CAN HELP YOU IN THE DLOCAL CLASS ACTION LAWSUIT

​​​​A DLocal stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals sucy as the DLocal class action lawsuit​. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional.

While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. 

​Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.

One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).

​This will most likely be the only call you need to make. (855) 846–6529 or [email protected].

HOW MUCH YOU CAN YOU GET OUT OF THE CLASS ACTION AGAINST DLOCAL

​​​In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in DLocal stock. Contact DLocal stock loss lawyer Timothy L. Miles who could explain your losses in the class action against DLocal in greater detail if you suffered losses in DLocal stock. 

IT DOES NOT COST ANYTHING TO HIRE A DLOCAL STOCK LOSS LAWYER IF YOU SUFFERED LOSSES IN DLOCAL STOCK

​​If you suffered losses in DLocal stock and are a member of the class, it does not cost anything to hire a DLocal stock loss lawyer.  Our firm litigates securities fraud cases on a contingent fee basis, so plaintiffs and the class do not pay attorneys’ fees or court costs unless there is a recovery, and the attorney fees and cost are awarded by the court as a percentage of the total recovery for the class.  So, contact DLocal stock loss lawyer Timothy L. Miles today if you suffered losses in DLocal ​stock about a class action against DLocal.

CONTACT A DLOCAL STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN DLOCAL STOCK ABOUT A DLOCAL CLASS ACTION LAWSUIT

​If you suffered losses in DLocal stock, contact DLocal stock loss lawyer Timothy L. Miles today for a free case evaluation about a DLocal class action lawsuit. Call today and see what a DLocal stock loss lawyer could do for you if you suffered losses in DLocal stock.

DLocal stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, 6Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529