Law Firms Court Globant Investors Ahead of June 23 Lead‑Plaintiff Deadline
The recruitment push signals the next step in a lawsuit over 2025 disclosures tied to sharp share drops.
Overview
- Multiple investor firms, which issued notices Monday, urged Globant shareholders to seek lead‑plaintiff status by June 23, 2026 in a putative securities class action.
- The case covers purchases from February 15, 2024 through August 14, 2025 and alleges Globant hid labor unrest, wage freezes, and Latin America weakness while touting talent retention.
- Following February 20, 2025 results that missed guidance and cited a rocky Latin America, the stock fell 27.8% to $151.72 on February 21.
- A further update on May 15, 2025 preceded a 23.6% decline to $101.47 on May 16, and an August 14, 2025 restructuring disclosure was followed by a 14.9% drop to $66.46 on August 15.
- Rosen, Levi & Korsinsky, and Glancy Prongay say a suit is filed and no class is certified, so investors may seek to lead the case or remain absent while allegations remain unproven.