Archived Investigations

Globant S.A. (NYSE: GLOB)

Company Name:Globant S.A.
Stock Symbol:NYSE: GLOB
Court:Southern District of New York
Class Period Start:02/15/2024
Class Period End (inclusive):08/14/2025
April 28, 2026

Globant and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

The Complaint alleges that throughout the Class Period, Globant touted to investors the success of its Latin American pivot and the strength of its Latin American operations, as well as heralded itself as a market leader and employer of choice in the region. On August 14, 2025, the failure of the Company’s Latin American expansion was fully revealed when the Company reported mixed second quarter (“Q2”) 2025 results, disclosing that it had reduced its headcount by 2% in Q2, or about 1,000 employees, and taken a $47.6 million restructuring charge.

On this news, the price of Globant’s shares fell nearly 15%, or $11.66 per share, 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.

The case is  Ohio Carpenters’ Pension Fund v. Globant S.A., Case No. 26-cv-3405.

Click here to read the first filed complaint.

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