An investigation on behalf of current long term investors in StoneCo Ltd. (NASDAQ:STNE) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 04/05/2022 -- An investigation on behalf of current long-term investors in shares of StoneCo Ltd. (NASDAQ: STNE) concerning potential breaches of fiduciary duties by certain directors and officers of StoneCo Ltd. was announced.
Investors who are current long term investors in StoneCo Ltd. (NASDAQ: STNE) shares, 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 for investors in NASDAQ: STNE stocks follows a lawsuit filed against StoneCo Ltd. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: STNE stocks, concerns whether certain StoneCo Ltd. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that StoneCo was experiencing difficulties in implementing its credit product, that StoneCo faced significant risks via its point-of-sale vendor, PAX Global Technology Ltd., that, as a result of the foregoing, the Company's financial results would be adversely impacted, and that, 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.
Those who purchased shares of StoneCo Ltd. (NASDAQ: STNE) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.