SAN FRANCISCO, April 13, 2023 (GLOBE NEWSWIRE) — Hagens Berman is pushing DLocal Limited DLO Investors who have suffered significant losses Submit your losses now.

Visit: https://www.hbsslaw.com/investor-fraud/DLO
Contact a lawyer now: DLO@hbsslaw.com
844-916-0895

DLocal Limited DLO Investigation:

Emerging market payments processor DLocal has attracted investor interest by reporting tremendous revenue growth and profit margins that far outpace those of its direct peers.

But on November 16, 2022 Muddy Waters Capital published a damning report concluding that “DLO is likely a scam”. muddy water claimed that DLocal has made repeated disclosures about its aggregate processing volume and claims that “flatly contradict each other” and that there is “a conflicting discrepancy between the liabilities and claims of two key subsidiaries.” muddy water explained that these inconsistencies “are often signs of cooked books, because once you start manipulating them, keeping the numbers straight can get pretty tiring.” muddy water also alleged that DLocal made multiple misstatements to obscure the timing and source of funding for an insider options exercise.

Although DLocal later denied muddy water On April 5, 2023, DLocal reported disappointing fourth quarter 2222 results and reported diluted earnings per share of $0.06 on total revenue of $118 million, both numbers that missed analysts’ estimates. Additionally, the company’s profit margin fell from 16% in the quarter versus 31% in the fourth quarter last year. DLocal further announced that it expects slower revenue growth in Q1’23.

These events caused the price of DLocal stock to fall sharply.

“We’re focused on investor losses and whether DLocal trimmed its books,” said Reed Kathrein, the partner at Hagens Berman who is leading the investigation.

If you have invested in DLocal and are experiencing significant losses or have any knowledge that can help you…