An investigation for investors in Nuvei Corporation (NASDAQ:NVEI) shares over potential securities laws violations by Nuvei Corporation was announced.
San Diego, CA -- (SBWIRE) -- 01/12/2022 -- Nuvei Corporation is under investigation for potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Nuvei Corporation (NASDAQ: NVEI), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Nuvei Corporation (NASDAQ: NVEI) concerning whether a series of statements by Nuvei Corporationregarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Canadian based Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Asia Pacific, and Latin America.
On December 8, 2021, Spruce Point Capital Management published a research report regarding Nuvei, alleging inaccuracies in the Company's claims of growth. The report claims that Nuvei "has covered up a pattern of business failures, lack of organic growth, and a web of relationships with individuals connected to major Ponzi Schemes and alleged fraudulent activities." Furthermore, while Nuvei is reporting "remarkable financial success," Spruce Point asserts that the Company's financial disclosures are "weak" and that "results are being temporarily enhanced from concentrated exposure to high risk gaming and eCommerce."
Shares of Nuvei Corporation (NASDAQ: NVEI) declined from $123.00 per share on November 09, 2021, to as low as $43.10 per share on December 08, 2021.
Those who purchased shares of Nuvei Corporation (NASDAQ: NVEI) have certain options and should contact the Shareholders Foundation.
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