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 […]

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

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Anti-polio campaign to begin in Punjab, KP, Balochistan from Monday

Anti-polio campaign of varied duration will begin in 24 districts of the country from tomorrow (Monday).In Punjab, more than 2.8 million children up to five years age will be vaccinated against during a four-day drive in eight districts.In Khyber Pakht…

Anti-polio campaign of varied duration will begin in 24 districts of the country from tomorrow (Monday).

In Punjab, more than 2.8 million children up to five years age will be vaccinated against during a four-day drive in eight districts.

In Khyber Pakhtunkhwa, a three-day anti-polio campaign will begin in seven districts, during which more than one point three million children will be administered anti-polio vaccine.

In Balochistan, more than one hundred twenty seven thousand children will be administered anti-polio drops during a seven day campaign in thirty seven union councils of nine districts.

Source: Radio Pakistan

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Interior Minister Rana Sanaullah has directed to take all possible measures to ensure safety of Pakistani and foreign nationals in the country.He was chairing a meeting in Gwadar on Sunday regarding counterterrorism and security of foreign nationals in…

Interior Minister Rana Sanaullah has directed to take all possible measures to ensure safety of Pakistani and foreign nationals in the country.

He was chairing a meeting in Gwadar on Sunday regarding counterterrorism and security of foreign nationals in the country.

He said fool proof security will be provided to Chinese nationals working at various projects in Pakistan and any negligence in this regard will not be tolerated.

Rana Sanaullah said one percent amount of all projects of China-Pakistan Economic Corridor has been reserved for security arrangements.

He said local people should be given priority in recruitment process of security agencies.

Source: Radio Pakistan

Parliament to pay tribute to unsung heroes of democracy on Monday

A ceremony to commemorate the 50 years of unsung heroes of democracy in Pakistan will be held at Parliament House in Islamabad on Monday.The ceremony will be attended by prominent political leaders, including the Foreign Minister Bilawal Bhutto Zardari…

A ceremony to commemorate the 50 years of unsung heroes of democracy in Pakistan will be held at Parliament House in Islamabad on Monday.

The ceremony will be attended by prominent political leaders, including the Foreign Minister Bilawal Bhutto Zardari, Speaker Raja Parvez Ashraf, and Senator Mian Raza Rabbani.

The ceremony will begin with laying a floral wreath on the monument of unsung heroes of democracy.

In a statement, Speaker Raja Parvez Ashraf said, the unsung heroes of democracy in Pakistan are the backbone of our country’s democratic movement.

He said their services and sacrifices had laid the foundation for the democratic system in the country which we are enjoying today.

Source: Radio Pakistan

Mushahid proposes five-point Action Plan to promote Blue Economy

Chairman Senate Defence Committee Mushahid Hussain Syed has proposed a five-point Action Plan to promote Blue Economy.He was chairing two sessions of Pakistan International Maritime Expo & Conference 2023 in Karachi today.Mushahid Hussain Syed said apa…

Chairman Senate Defence Committee Mushahid Hussain Syed has proposed a five-point Action Plan to promote Blue Economy.

He was chairing two sessions of Pakistan International Maritime Expo & Conference 2023 in Karachi today.

Mushahid Hussain Syed said apart from Blue Economy, marine and mineral resources plus CPEC and building on a strategic partnership between Pakistan, China and Saudi Arabia would be a catalyst for an alternative development approach.

He urged the government to establish a National Authority for Blue Economy to prepare a comprehensive strategy and form a 'Task Force' for devising a Work Plan for this purpose.

Source: Radio Pakistan

Pakistan Railways introduces RABTA App for passengers

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Pakistan Railways introduces a mobile app RABTA to facilitate passengers for reservation of seats and ticketing.

Pakistan Railways will launch the Railway Automated Booking and Travel Assistance mobile APP, RABTA in collaboration with Chinese companies to facilitate passengers and generate revenue.

An official of Ministry of Railways told APP the mobile application will help the passengers to manage their tickets, seats, booking, food and other matters during their travel from home to respective destinations and vice versa.

He said a Memorandum of Understanding has already been signed between Pakistan Railways and two Chinese companies to launch RABTA.

Source: Radio Pakistan

10-member medical team from Pakistan leaves for quake-hit Turkiye

A 10-member medical team from Pakistan left for earthquake-affected Turkiye today to take part in the ongoing relief operations in the quake-hit areas.According to the health ministry spokesperson, a separate 10-member doctors’ team will leave for Syri…

A 10-member medical team from Pakistan left for earthquake-affected Turkiye today to take part in the ongoing relief operations in the quake-hit areas.

According to the health ministry spokesperson, a separate 10-member doctors’ team will leave for Syria tonight.

The medical teams will serve the earthquake victims with full dedication and commitment.