NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against DLocal Ltd (NASDAQ:DLO), Inspirato Incorporated (NASDAQ:ISPO), Welltower Inc. (NYSE:WELL), and Credit Acceptance Corporation (NASDAQ:CACC). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
DLocal Ltd (NASDAQ:DLO)
On November 16, 2022, Muddy Waters Capital LLC (“Muddy Waters”) published a research report concluding that DLocal “is likely a fraud.” Muddy Waters alleges that DLocal has repeated disclosures about its Total Processing Volume and accounts receivable “that flatly contradict one another” and that there is “a contradictory discrepancy between two key subsidiaries’ accounts payable and accounts receivable.” Muddy Waters also alleges that DLocal engaged in multiple misrepresentations to disguise the timing and the source of funding for an insider option exercise.
On this news, DLocal’s share price fell $10.76, or more than 50%, to close at $10.46 per share on November 16, 2022, thereby injuring investors.
For more information on the Twist investigation go to: https://bespc.com/cases/DLO
Inspirato Incorporated (NASDAQ:ISPO)
On November 14, 2022, Inspirato disclosed in a filing with the U.S. Securities and Exchange Commission (“SEC”) that “[o]n November 8, 2022, the Audit Committee (the ‘Audit Committee’) of the Board of Directors of Inspirato Incorporated (the ‘Company’) concluded, after discussion with the Company’s management, that the Company’s unaudited condensed consolidated financial statements as of and for the quarterly periods ended March 31, 2022 and June 30, 2022 (collectively, the ‘Non-Reliance Periods’) included in the Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the ‘SEC’) for the Non-Reliance Periods, should no …
