NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) — WHY: The Law Firm of Rosen, a global investor rights law firm, continues to investigate potential securities claims on behalf of DLocal Limited shareholders DLO based on allegations that dLocal may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased dLocal securities, you may be entitled to compensation without paying out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=11762 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: On November 16, 2022, Muddy Waters Research published a report titled “DLO: ‘History Never Repeats Itself, but it Does Often Rhyme'” which concluded that “DLO is likely a scam” and stated that the company “repeated disclosures about TPV and accounts receivable that flatly contradict each other. There’s also a conflicting discrepancy between the accounts payable and accounts receivable of two key subsidiaries. These types of seemingly innocuous misstatements are instead often signs of cooked books because they get pretty draining.” able to keep the numbers straight once you start manipulating them.” The report also states, “Management and directors have had exceptional stock value within the first five months that DLO has gone public ~$1 billion spent.'”

As a result of 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 released a second report stating that dLocal had discussions with customers from multiple banks and stressed…