Multiple Law Firms Seek Globant Investors After Securities Fraud Complaint

Overview

• National plaintiff firms issued investor notices on May 27–28 asking shareholders to contact them about a recently filed securities class action against Globant S.A.
• The complaint alleges Globant made false or misleading public statements about the success of a “Latin American pivot,” saying the strategy underperformed because of declining demand and cancelled projects.
• Plaintiffs also say wage freezes in some Latin American countries hurt employee morale and client service, and that those problems were not disclosed or were misrepresented to investors.
• The proposed class covers purchases from February 15, 2024 through August 14, 2025, and investors who want to seek lead-plaintiff status or join the case must act by June 23, 2026.
• The litigation is at an early stage with no class certified, so outcomes could affect shareholder recoveries, Globant’s financial exposure, and who will control the case if a lead plaintiff is appointed.