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news Mercopress 2026-04-22

NY Court Upholds Dismissal of Class Action Lawsuit Against Uruguayan Fintech

A New York Appellate Division unanimously upheld the dismissal of a class action suit filed by investors against the Uruguayan fintech company, dLocal. The ruling found that the company had disclosed all necessary information prior to its 2021 initial public offering.


<p> <img alt="dLocal, founded in Uruguay, specializes in processing payments in emerging markets and listed on the Nasdaq in June 2021" height="80" src="https://en.mercopress.com/data/cache/noticias/109880/100x80/dlocal.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> The Appellate Division of the New York State Supreme Court unanimously upheld the dismissal of a class action lawsuit filed by investors against Uruguayan fintech dLocal an...

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