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Robbins LLP reminded stockholders that a class action has been filed on behalf of all investors who purchased or otherwise acquired Globant S.A. (NYSE: GLOB) common stock between February 15, 2024 and August 14, 2025.
February 15, 2024 – August 14, 2025
Robbins LLP said it is investigating allegations that Globant misled investors regarding the success of its Latin America business.
According to the complaint, in mid-2023 Globant announced a $1 billion strategic pivot intended to increase its Latin American business. During the class period, the complaint alleges that Globant touted the success of that pivot and the strength of its Latin American operations, while describing itself as a market leader and an “employer of choice” in the region.
The plaintiff alleges that, unbeknownst to investors, Globant’s Latin American strategy was not successful. The complaint states that Globant faced pervasive problems in Latin America, including declining demand for its services, client defections, and project cancellations. It also alleges that Globant froze wages for employees in Mexico and Argentina, contributing to employee turmoil and degraded client services.
On August 14, 2025, Globant fully disclosed what the complaint describes as the true extent of its failures in Latin America. In connection with mixed Q2 2025 results, Globant announced it had reduced headcount by 2% in Q2 (about 1,000 employees) and taken a $47.6 million restructuring charge.
Following the announcement, Globant’s stock price fell from a closing price of $78.12 per share on August 14, 2025, to a closing price of $66.46 per share on August 15, 2025.
Shareholders may be eligible to participate in the class action against Globant S.A. Those who wish to serve as lead plaintiff must file their papers with the court by June 23, 2026. The lead plaintiff is described as a representative party who directs the litigation on behalf of other class members.
The filing notes that shareholders do not have to participate in the case to be eligible for a recovery. If a shareholder chooses not to take action, they can remain an absent class member.
The filing states that all representation is on a contingency fee basis, and shareholders pay no fees or expenses.
Robbins LLP describes itself as a shareholder rights litigation firm, saying its attorneys and staff have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable since 2002.
Attorney Advertising. Past results do not guarantee a similar outcome.
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