INVESTIGATION ALERT: Schall Law Firm Announces It is Investigating Claims Against DLocal Limited and Encourages Investors Suffering Losses to Contact the Firm

Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DLocal Limited (“DLocal” or “the Company”) (NASDAQ: DLO) for violating securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. DLocal is the subject of a report published by Muddy Waters Research on November 16, 2022. The report, titled “DLO: ‘History Never Repeats, But It Often Rhymes,'” concludes that “DLO is Likely a Fraud “. The report claims that the company “has repeated disclosures about its POS and accounts receivable that categorically contradict each other. There is also a conflicting discrepancy between the accounts payable and accounts receivable of two key subsidiaries. These sorts of seemingly harmless inaccuracies are, instead, often signs of cooked books, as it can become very difficult to keep the numbers straight once you start manipulating them. The report adds, “Management and directors sold an extraordinary amount of approximately $1 billion in stock in the first five months following DLO’s IPO. A string of recent high-profile departures recalls the idiom of “rats fleeing a sinking ship.” Based on this report, shares of DLocal fell more than 37% in intraday trading on the same day.

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We also encourage you to contact Brian Schall of Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

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