Scott+Scott Attorneys at Law LLP has filed a securities class-action lawsuit against technology services company Globant S.A. (NYSE: GLOB), alleging violations of the Securities Exchange Act of 1934.
"The complaint...alleges that from February 15, 2024 and August 14, 2025...Globant and certain of the Company's directors and officers made materially false and misleading statements," according to the filing in the U.S. District Court for the Southern District of New York. The case is captioned Ohio Carpenters' Pension Fund v. Globant S.A., Case No. 26-cv-3405.
The lawsuit centers on allegations that Globant concealed the true state of its Latin American operations. The class period for affected investors runs from February 15, 2024, through August 14, 2025. The filing states that when the market learned the truth about the company's business, Globant's stock suffered a steep decline.
Investors who purchased Globant common stock during the class period and incurred damages may be eligible to join the class. The deadline to file a motion to be appointed as lead plaintiff is June 23, 2026.
The lawsuit seeks to recover losses for investors who acquired Globant shares based on the allegedly false and misleading statements. A lead plaintiff is a court-appointed representative for all members of the class. Investors do not need to be a lead plaintiff to potentially share in any recovery.
Scott+Scott, an international shareholder and consumer rights litigation firm, is representing the plaintiffs. Interested parties are encouraged to contact attorney Mandeep S. Minhas for more information regarding their rights.
The lawsuit introduces significant legal and financial risk for Globant, which could lead to costly litigation and potential reputational damage. The next key date for investors is the June 23, 2026, deadline to seek lead plaintiff status.
This article is for informational purposes only and does not constitute investment advice.
