The Schall Law Firm has alerted investors about a class action lawsuit against Globant S.A. The firm specializes in shareholder rights litigation and is reaching out to those who purchased securities of Globant (NYSE: GLOB) between February 15, 2024, and August 14, 2025.
Details of the Class Action Lawsuit
The lawsuit alleges that Globant violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5 established by the U.S. Securities and Exchange Commission. The class period for this action spans roughly a year and encompasses specific allegations of misleading corporate statements.
Participation and Deadlines
- Class Period: February 15, 2024 – August 14, 2025
- Deadline for contacting Schall Law Firm: June 23, 2026
Investors who believe they have suffered losses due to Globant’s actions are encouraged to contact the Schall Law Firm. Interested parties can make inquiries without charge to understand their legal rights.
Key Allegations Against Globant
The complaint states that Globant provided false and misleading statements about its business operations. The company promoted its “Latin American pivot” strategy, claiming to lead the market. However, this strategy was undermined by decreased demand and numerous project cancellations.
Furthermore, reports indicate that Globant froze wages in some Latin American regions, adversely affecting employee morale and client satisfaction.
Consequences for Investors
When the truth about Globant’s operational challenges became public, investors reportedly faced significant damages. The Schall Law Firm aims to help those harmed recover their losses through this legal action.
Contact Information
For more details or to participate in the lawsuit, investors can reach out to:
Brian Schall, Esq.
Schall Law Firm
2049 Century Park East, Suite 2460
Los Angeles, CA 90067
Phone: 310-301-3335
Email: [email protected]
Website: www.schallfirm.com
Note that until the class is certified, investors are not represented by an attorney and may choose to remain absent class members.
