San Diego, CA -- (SBWIRE) -- 01/18/2022 -- A deadline is coming up on January 18, 2022 in the lawsuit filed for certain investors of StoneCo Ltd. (NASDAQ: STNE).

Investors who purchased shares of StoneCo Ltd. (NASDAQ: STNE) have certain options and there are strict and short deadlines running. Deadline: January 18, 2022. NASDAQ: STNE stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of StoneCo Ltd. (NASDAQ: STNE) common shares between March 11, 2021 and November 16, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 11, 2021 and November 16, 2021, 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
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.