LOS ANGELES, May 26, 2023 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz continues its investigation of DLocal Limited (“DLocal” or the “Company”) (NASDAQ:DLO) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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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 …
