GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Dlocal Limited Investors to Inquire About Class Action Investigation – DLO

NEW YORK, Feb. 11, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of DLocal Limited (NASDAQ: DLO) resulting from allegations that dLocal may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased dLocal securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit–form/?case_id=11762 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On November 16, 2022, Muddy Waters Research ("Muddy Waters") published a report entitled "DLO: "History Never Repeats Itself, but it Does Often Rhyme,'" which concluded that "DLO is likely a fraud" and stated that the Company "has repeated disclosures about its TPV and accounts receivable that flatly contradict one another. There is also a contradictory discrepancy between two key subsidiaries' accounts payable and accounts receivable. These types of seemingly innocuous misstatements are, instead, often signs of cooked books because it can become quite a strain to keep the numbers straight once you start manipulating them." In addition, the report stated that "Management and directors dumped an extraordinary ~$1 billion in shares within the first five months of DLO being public. A spate of recent high–level departures brings to mind the idiom about "rats fleeing a sinking ship.'"

On this news, dLocal's stock price fell $10.76 per share, or 50%, to close at $10.46 per share on November 16, 2022.

Then, on December 1, 2022, Muddy Waters published a second report stating that dLocal has held calls with clients from several banks, stressing that it had separated client funds from its own. The report also said that dLocal's calls with clients were "non–specific" and "sweet–talking," and that "all [the Company] needed to do to address this issue was provide an explanation as to how the cash flows reconcile."

On this news, dLocal's stock price fell $2.21 per share, or 15%, to close at $12.39 per share on December 1, 2022.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8747271)

Education Cannot Wait Appoints New Global Champion Somaya Faruqi on International Day of Women and Girls in Science

The former captain of the Afghan Girls’ Robotics Team calls for continued support for girls’ education in Afghanistan and other hotspots worldwide.

By External Source
GENEVA, Switzerland, Feb 11 2023 (IPS-Partners)

In celebration of the International Day of Women and Girls in Science, Education Cannot Wait (ECW) today named Somaya Faruqi as a new ECW Global Champion.

The former captain of the Afghan Girls’ Robotics Team will serve as a global advocate for ECW and will headline an important Spotlight on Afghanistan panel discussion at the upcoming ECW High-Level Financing Conference, 16 and 17 February in Geneva, Switzerland.

Faruqi made international headlines when she and her team of ‘Afghan Dreamers’ built a ventilator from used car parts in response to the COVID-19 pandemic.

“I am honored to accept my appointment as Education Cannot Wait’s Global Champion on behalf of all the girls worldwide who dream – against all odds – of an education. These are the future scientists and leaders of tomorrow. So many are being left behind. We must unite in our efforts to ensure girls everywhere can access high-quality science, technology, engineering and math education, and realize our collective dreams of a better, more equal world for all,” Faruqi said.

Faruqi was born in Herat, Afghanistan in 2002. She cultivated her love of engineering in her father’s mechanic shop. Her high-school career and leadership of the Afghan Dreamers was cut short by the Taliban takeover in Afghanistan. She and the rest of her teammates had to flee the country in August 2021.

“Somaya Faruqi is a shining example to us all that with courage, hope, and tenacity, we can ensure every girl – and every boy – across the planet is able to experience the hope and opportunity that only a quality education can provide. As our global champion, Somaya will advocate for all of the world’s 222 million crisis-impacted girls and boys that so urgently need our support. Somaya is the face of a new generation of young leaders – and the face of the Afghan people at their best – proud, profound, brilliant and unstoppable,” said Yasmine Sherif, Executive Director of Education Cannot Wait, the UN’s global fund for education in emergencies and protracted crises.

Faruqi has received several awards over her young career, including being named to the Forbes 30 Under 30 Asia in 2021, BBC’s 100 Women in 2020, and the 2017 Silver Medal for Courageous Achievement at the FIRST Global Challenge – in recognition of science and technology in the US.

 


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