NEW YORK, May 27, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Teleperformance SE (“Teleperformance” or the “Company”) TLPFY. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Teleperformance and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

on August 4, 2022, forbes published an article alleging that Teleperformance subjected its employees to poor working conditions and used real, graphic images and videos of child sexual abuse to train its TikTok content moderators, while “conversations with former employees reveal this.”[ed] the extent to which presenters were both underskilled and overworked.”

As a result of this news, the price of Teleperformance’s American Depositary Receipt (“ADR”) fell $7.75 per ADR, or 4.6%, to close at $160.94 per ADR on August 5, 2022.

Then, on November 9, 2022, Time reported that “Colombia’s Ministry of Labor has launched an investigation into TikTok subcontractor Teleperformance, citing alleged union busting, traumatic working conditions and low wages.”

As a result of this news, Teleperformance’s ADR price fell $24.55 per ADR, or 18.6%, to close at $107.77 per ADR on November 10, 2022.

Finally, on March 22, 2023, four months after the company “unanimously” decided to exit the “highly egregious” content moderation business, Teleperformance announced it was getting back into the field. Market analysts noted that the move is indicative of the company’s overall business and growth prospects. An analyst report from HSBC Global Research states that “the reversal in content moderation raises concerns about communication, governance and fundamentals.”

As a result of this news, Teleperformance’s ADR price fell by $6.87 per ADR or 5.7% over three trading sessions to close at $112.82 per ADR on…