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Bragar Eagel & Squire, P.C., a stockholder rights law firm, announced that it has filed a class action lawsuit against Globant S.A. in the United States District Court for the Southern District of New York. The case was filed on behalf of investors who purchased or otherwise acquired Globant common stock between February 15, 2024 and August 14, 2025 (inclusive), and the firm said the class period runs over those dates.
The firm said the lawsuit alleges that Globant and certain defendants made false and/or misleading statements and/or failed to disclose information related to the company’s Latin American operations.
According to the filed complaint, the defendants allegedly mischaracterized Latin America as a “particularly beneficial” region that would enable Globant’s “ability to grow,” and described the regional market as “stable” or “improving a lot.” The complaint alleges that, in reality, Globant faced decreasing demand across Latin America.
The complaint further alleges that Globant froze wages in Argentina and Mexico in late 2023, and that Latin American clients were reducing and cancelling projects with the company.
In addition, the complaint alleges it was misleading for Globant to discuss the effects of depreciation of the Argentine currency on its project contracts without disclosing that it had frozen wages for its Argentine employees. The firm said the complaint characterizes those wage freezes, in practical terms, as wage cuts.
Bragar Eagel & Squire, P.C. said investors have until June 23, 2026 to apply to the court to be appointed as lead plaintiff in the lawsuit.
The firm said that investors who purchased or otherwise acquired Globant shares and suffered a loss, or who are long-term stockholders and want to learn more about the claims, can contact the firm. The firm stated there is no cost or obligation to contact it.
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Telephone: (212) 355-4648
Email: investigations@bespc.com
Website: www.bespc.com
Bragar Eagel & Squire, P.C. is described as a nationally recognized law firm with offices in New York, South Carolina, and California. The firm said it represents individual and institutional investors in securities, derivative, and commercial litigation, as well as individuals in consumer protection and data privacy litigation, and that it handles cases in federal and state courts.
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