#United States #New York #Class Action #Pomerantz LLP #Globant SA

Pomerantz Law Firm Initiates Class Action Against Globant SA

On May 28, 2026, the Pomerantz Law Firm announced the filing of a class action lawsuit against Globant SA, a publicly-traded IT and software services company, listed on the NYSE under the ticker symbol GLOB. This legal action is directed at investors who suffered losses on their investment in Globant during a specified class period. The firm has advised affected investors to reach out with their contact details and share purchase information to explore their legal options.

Reasons Behind the Lawsuit

The crux of this lawsuit revolves around allegations of securities fraud and other unlawful business practices by Globant and certain officers or directors of the company. This comes on the heels of several significant financial disclosures from Globant that raised concerns about the company's operational integrity. Investors who purchased or acquired Globant securities during the designated period must act swiftly, as the window to request appointment as the Lead Plaintiff closes on June 23, 2026.

Recent Financial Disclosures and Implications

February 2025 Financial Results

On February 20, 2025, Globant reported its fourth quarter and full year 2024 results. The company exhibited a 1.3% decline in revenue from Latin America, triggering downward revisions in guidance for the first quarter of 2025. CEO Martín Migoya acknowledged during the earnings call that the company faced a