BENSALEM, Pa., May 29, 2023 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith continues its investigation on behalf of DLocal Limited (“DLocal” or the “Company”) (NASDAQ:DLO) investors concerning the Company’s possible violations of federal securities laws.
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 …
