MercoPress. South Atlantic News Agency

New York court rules in favor of Uruguayan fintech dLocal, dismisses investor class action

The Appellate Division of the New York State Supreme Court unanimously upheld the dismissal of a class action lawsuit filed by investors against Uruguayan fintech dLocal and the investment banks involved in its 2021 initial public offering, finding no material omissions in the information the company disclosed before the IPO. Read full article