Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Nuvei Corporation (NVEI) on Behalf of Investors - Yahoo Finance
LOS ANGELES, December 08, 2021--(BUSINESS WIRE)--Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ: NVEI) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Nuvei investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/nuvei-corporation/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
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."
On this news, Nuvei’s stock declined as much as 36% during intraday trading on December 8, 2021, thereby injuring investors.
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Whistleblower Notice: Persons with non-public information regarding Nuvei should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
source: https://finance.yahoo.com/news/glancy-prongay-murray-llp-leading-231500199.html
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