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NEW YORK, NY / ACCESSWIRE / December 16, 2021 / The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of StoneCo Ltd. ("StoneCo" or the "Company") (NASDAQ:STNE) alleging that the Company violated federal securities laws.
Class Period: March 11, 2021 to November 16, 2021
Lead Plaintiff Deadline: January 18, 2022
No obligation or cost to you.
Learn more about your recoverable losses in STNE:
StoneCo Ltd. NEWS - STNE NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that StoneCo made materially false and/or misleading statements and/or failed to disclose that: (1) StoneCo was experiencing difficulties in implementing its credit product; (2) StoneCo faced significant risks via its point-of-sale vendor, PAX Global Technology Ltd.; (3) as a result of the foregoing, the Company's financial results would be adversely impacted; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in StoneCo you have until January 18, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased StoneCo securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the STNE lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: The Klein Law Firm
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