{"success":true,"data":{"pressRelease":{"id":"25833","rtpr_id":"nPn6wkp04a","ticker":"GLOB","exchange":"NYSE","all_tickers":["GLOB","2G2"],"title":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of June 23, 2026 in Globant S.A. Lawsuit - GLOB","author":"PR Newswire","published_at":"2026-05-07T13:00:19.798Z","article_body":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of June 23, 2026 in Globant S.A. Lawsuit - GLOB\n\nPR Newswire\n\nNEW YORK, May 7, 2026\n\nImportant Information Regarding Section 20(a) Individual Liability Claims\nAgainst Globant's CEO, CFO, and COO for Alleged $143.71 Per-Share Investor\nLosses\n\nNEW YORK, May 7, 2026 /PRNewswire/ -- SueWallSt alerts investors in Globant\nS.A. (NYSE: GLOB) of a pending securities class action naming three senior\nexecutives as individual defendants. Class Period: February 15, 2024 through\nAugust 14, 2025. Check if you can recover your investment losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-10&h=3642894624&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fglobant-sa-class-action-lawsuit-glob%3Fprid%3D186063%26wire%3D4&a=Check+if+you+can+recover+your+investment+losses)\n or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  | (888) SueWallSt.\n\n(https://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.html)\n\nGlobant shares lost approximately 68% of their value from $210.17, falling to\n$66.46 per share after a series of corrective disclosures revealed pervasive\nfailures in the Company's $1 billion Latin American strategic pivot. The Court\nhas set June 23, 2026 as the deadline to apply for lead plaintiff appointment.\n\nThe Named Individual Defendants\n\nMartin Migoya, Globant's CEO and Co-Founder since 2003, is alleged to have\npersonally made statements on multiple earnings calls touting the Company's\n\"prominence\" in Latin America and describing the macroeconomic environment\nthere as \"pretty healthy.\" Juan Ignacio Urthiague, CFO since 2018, allegedly\ntold investors the Company was \"very confident about our ability to grow in\nLatin America\" while the region faced declining demand and client defections.\nPatricia Pomies, who served as COO from 2021 to July 2025, allegedly stated\ndemand was \"very, very high\" and Globant was \"continuing hiring in many of the\ncountries\" even as operations deteriorated.\n\nSection 20(a) Control Person Framework\n\nThe complaint charges that each Individual Defendant, by virtue of their\nsenior positions, possessed the power and authority to control the contents of\nGlobant's SEC filings, press releases, and earnings call statements. The\npleading asserts they were provided with copies of public disclosures prior to\nissuance and had the ability to prevent misleading statements or cause\ncorrections.\n\nSarbanes-Oxley Certification Obligations\n\nUnder Sections 302 and 906 of the Sarbanes-Oxley Act, corporate officers who\nsign SEC certifications bear personal responsibility for the accuracy of\nfinancial disclosures. The action contends that Migoya and Urthiague signed\ncertifications attesting to the accuracy of Globant's public filings\nthroughout the Class Period, during which:\n\n * Globant allegedly concealed declining demand, client defections, and project\ncancellations across Latin America\n * Wages were allegedly frozen in Mexico and Argentina despite high inflation,\namounting to effective pay cuts that caused widespread employee unrest\n * The Iteris acquisition in Brazil was allegedly failing, with former clients\nleaving due to high hourly rates and poor integration\n * Headcount had allegedly been declining \"for a number of quarters\" before the\nCompany disclosed this fact\n * A $47.6 million restructuring charge was ultimately recorded as the true scope\nof operational failures emerged\nScienter Allegations\n\nAs averred in the complaint, the Individual Defendants had direct access to\nmaterial non-public information about Globant's Latin American operations.\nDespite knowledge of wage freezes, client losses, and operational\ndeterioration, they allegedly continued to characterize Latin America as\noffering \"sequential growth\" opportunities where Globant was \"the employer of\nchoice.\"\n\n\"Corporate officers have a duty to ensure their companies' public statements\nare accurate and complete. When executives certify SEC filings while allegedly\naware of undisclosed operational failures, the securities laws provide\naccountability mechanisms for harmed investors.\" -- Joseph E. Levi, Esq.\n\nSpeak with an attorney about recovering damages\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-10&h=2636802322&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fglobant-sa-class-action-lawsuit-glob%3Fprid%3D186063%26wire%3D4&a=Speak+with+an+attorney+about+recovering+damages)\n or call (888) SueWallSt.\n\nWHY SUEWALLST -- Ranked in ISS Securities Class Action Services' Top 50 Report\nfor seven consecutive years, SueWallSt is a nationally recognized leader in\nshareholder rights litigation. With a team of over 70 professionals, the firm\nhas recovered hundreds of millions of dollars for investors.\n\nFrequently Asked Questions About the GLOB Lawsuit\n\nQ: Who are the defendants named in the GLOB lawsuit? A: The complaint names\nGlobant S.A. and individual defendants including CEO Martin Migoya, CFO Juan\nIgnacio Urthiague, and former COO Patricia Pomies, all of whom signed SEC\nfilings, made public statements, or certified financial disclosures under\nSarbanes-Oxley.\n\nQ: What is the GLOB lead plaintiff deadline? A: The deadline to apply for\nlead plaintiff appointment is June 23, 2026. This deadline applies only to\ninvestors seeking to serve as lead plaintiff. Class members who do not apply\nmay still participate in any recovery without taking action before this date.\n\nQ: What do GLOB investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact SueWallSt\nfor a free, no-obligation evaluation at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt. No immediate action is\nrequired to remain eligible as a class member.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What if I already sold my GLOB shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthem. Investors who bought during the class period and sold at a loss may\nstill participate.\n\nQ: How long will the lawsuit take to resolve? A: Securities class actions\ntypically take two to four years from initial filing to resolution.\n\nQ: Can I join a different law firm's lawsuit instead? A: Multiple firms often\nfile competing complaints. The court consolidates and appoints a single lead\ncounsel. Contacting SueWallSt before June 23, 2026 ensures your losses are\nconsidered.\n\nCONTACT:\nSueWallSt\nJoseph E. Levi, Esq.\nEd Korsinsky, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com)\nTel: (888) SueWallSt\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-sa-lawsuit---glob-302765078.html\n(https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-sa-lawsuit---glob-302765078.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6wkp04a","title":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of June 23, 2026 in Globant S.A. Lawsuit - GLOB","author":"PR Newswire","ticker":"GLOB","created":"2026-05-07T13:00:19.798Z","tickers":["GLOB","2G2"],"exchange":"NYSE","article_body":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of June 23, 2026 in Globant S.A. Lawsuit - GLOB\n\nPR Newswire\n\nNEW YORK, May 7, 2026\n\nImportant Information Regarding Section 20(a) Individual Liability Claims\nAgainst Globant's CEO, CFO, and COO for Alleged $143.71 Per-Share Investor\nLosses\n\nNEW YORK, May 7, 2026 /PRNewswire/ -- SueWallSt alerts investors in Globant\nS.A. (NYSE: GLOB) of a pending securities class action naming three senior\nexecutives as individual defendants. Class Period: February 15, 2024 through\nAugust 14, 2025. Check if you can recover your investment losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-10&h=3642894624&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fglobant-sa-class-action-lawsuit-glob%3Fprid%3D186063%26wire%3D4&a=Check+if+you+can+recover+your+investment+losses)\n or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  | (888) SueWallSt.\n\n(https://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.html)\n\nGlobant shares lost approximately 68% of their value from $210.17, falling to\n$66.46 per share after a series of corrective disclosures revealed pervasive\nfailures in the Company's $1 billion Latin American strategic pivot. The Court\nhas set June 23, 2026 as the deadline to apply for lead plaintiff appointment.\n\nThe Named Individual Defendants\n\nMartin Migoya, Globant's CEO and Co-Founder since 2003, is alleged to have\npersonally made statements on multiple earnings calls touting the Company's\n\"prominence\" in Latin America and describing the macroeconomic environment\nthere as \"pretty healthy.\" Juan Ignacio Urthiague, CFO since 2018, allegedly\ntold investors the Company was \"very confident about our ability to grow in\nLatin America\" while the region faced declining demand and client defections.\nPatricia Pomies, who served as COO from 2021 to July 2025, allegedly stated\ndemand was \"very, very high\" and Globant was \"continuing hiring in many of the\ncountries\" even as operations deteriorated.\n\nSection 20(a) Control Person Framework\n\nThe complaint charges that each Individual Defendant, by virtue of their\nsenior positions, possessed the power and authority to control the contents of\nGlobant's SEC filings, press releases, and earnings call statements. The\npleading asserts they were provided with copies of public disclosures prior to\nissuance and had the ability to prevent misleading statements or cause\ncorrections.\n\nSarbanes-Oxley Certification Obligations\n\nUnder Sections 302 and 906 of the Sarbanes-Oxley Act, corporate officers who\nsign SEC certifications bear personal responsibility for the accuracy of\nfinancial disclosures. The action contends that Migoya and Urthiague signed\ncertifications attesting to the accuracy of Globant's public filings\nthroughout the Class Period, during which:\n\n * Globant allegedly concealed declining demand, client defections, and project\ncancellations across Latin America\n * Wages were allegedly frozen in Mexico and Argentina despite high inflation,\namounting to effective pay cuts that caused widespread employee unrest\n * The Iteris acquisition in Brazil was allegedly failing, with former clients\nleaving due to high hourly rates and poor integration\n * Headcount had allegedly been declining \"for a number of quarters\" before the\nCompany disclosed this fact\n * A $47.6 million restructuring charge was ultimately recorded as the true scope\nof operational failures emerged\nScienter Allegations\n\nAs averred in the complaint, the Individual Defendants had direct access to\nmaterial non-public information about Globant's Latin American operations.\nDespite knowledge of wage freezes, client losses, and operational\ndeterioration, they allegedly continued to characterize Latin America as\noffering \"sequential growth\" opportunities where Globant was \"the employer of\nchoice.\"\n\n\"Corporate officers have a duty to ensure their companies' public statements\nare accurate and complete. When executives certify SEC filings while allegedly\naware of undisclosed operational failures, the securities laws provide\naccountability mechanisms for harmed investors.\" -- Joseph E. Levi, Esq.\n\nSpeak with an attorney about recovering damages\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-10&h=2636802322&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fglobant-sa-class-action-lawsuit-glob%3Fprid%3D186063%26wire%3D4&a=Speak+with+an+attorney+about+recovering+damages)\n or call (888) SueWallSt.\n\nWHY SUEWALLST -- Ranked in ISS Securities Class Action Services' Top 50 Report\nfor seven consecutive years, SueWallSt is a nationally recognized leader in\nshareholder rights litigation. With a team of over 70 professionals, the firm\nhas recovered hundreds of millions of dollars for investors.\n\nFrequently Asked Questions About the GLOB Lawsuit\n\nQ: Who are the defendants named in the GLOB lawsuit? A: The complaint names\nGlobant S.A. and individual defendants including CEO Martin Migoya, CFO Juan\nIgnacio Urthiague, and former COO Patricia Pomies, all of whom signed SEC\nfilings, made public statements, or certified financial disclosures under\nSarbanes-Oxley.\n\nQ: What is the GLOB lead plaintiff deadline? A: The deadline to apply for\nlead plaintiff appointment is June 23, 2026. This deadline applies only to\ninvestors seeking to serve as lead plaintiff. Class members who do not apply\nmay still participate in any recovery without taking action before this date.\n\nQ: What do GLOB investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact SueWallSt\nfor a free, no-obligation evaluation at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt. No immediate action is\nrequired to remain eligible as a class member.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What if I already sold my GLOB shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthem. Investors who bought during the class period and sold at a loss may\nstill participate.\n\nQ: How long will the lawsuit take to resolve? A: Securities class actions\ntypically take two to four years from initial filing to resolution.\n\nQ: Can I join a different law firm's lawsuit instead? A: Multiple firms often\nfile competing complaints. The court consolidates and appoints a single lead\ncounsel. Contacting SueWallSt before June 23, 2026 ensures your losses are\nconsidered.\n\nCONTACT:\nSueWallSt\nJoseph E. Levi, Esq.\nEd Korsinsky, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com)\nTel: (888) SueWallSt\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-sa-lawsuit---glob-302765078.html\n(https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-sa-lawsuit---glob-302765078.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-07T13:00:19.838384794Z","server_sent_at_ms":1778158819838},"received_at":"2026-05-07T13:00:19.898Z","source_url":"https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-sa-lawsuit---glob-302765078.html"},"analysis":{"id":"20213","press_release_id":"25833","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":[],"eventType":"legal_litigation","narrative":"SueWallSt issued a solicitation reminding Globant investors of the June 23, 2026 lead plaintiff deadline in a pending securities class action.\n\nThe lawsuit alleges executives made misleading statements regarding the company's $1 billion Latin American strategic pivot, contributing to a 68% decline in share price.\n\nComplaints allege officers concealed declining demand and client defections, which ultimately resulted in a $47.6 million restructuring charge.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"restructuring_charge":"$47.6 million"}},"quotedText":"Corporate officers have a duty to ensure their companies' public statements are accurate and complete.","namedEntities":{"people":[{"name":"Martin Migoya","role":"CEO and Co-Founder"},{"name":"Juan Ignacio Urthiague","role":"CFO"},{"name":"Patricia Pomies","role":"former COO"},{"name":"Joseph E. Levi","role":"Attorney"},{"name":"Ed Korsinsky","role":"Attorney"}],"products":[],"companies":[{"name":"Globant S.A.","ticker":"GLOB"},{"name":"SueWallSt","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$143.71 per-share","context":"alleged investor losses"},{"amount":"$210.17","context":"pre-drop share price"},{"amount":"$66.46","context":"post-drop share price"},{"amount":"$1 billion","context":"Latin American strategic pivot"},{"amount":"$47.6 million","context":"restructuring charge"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by SueWallSt. No new disclosure from the issuer; no court certification or settlement announced. This is a routine lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"GLOB"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"SueWallSt issued a solicitation reminding Globant investors of the June 23, 2026 lead plaintiff deadline in a pending securities class action.\n\nThe lawsuit alleges executives made misleading statements regarding the company's $1 billion Latin American strategic pivot, contributing to a 68% decline in share price.\n\nComplaints allege officers concealed declining demand and client defections, which ultimately resulted in a $47.6 million restructuring charge.","key_figures":{"customDimensions":{"restructuring_charge":"$47.6 million"}},"named_entities":{"people":[{"name":"Martin Migoya","role":"CEO and Co-Founder"},{"name":"Juan Ignacio Urthiague","role":"CFO"},{"name":"Patricia Pomies","role":"former COO"},{"name":"Joseph E. Levi","role":"Attorney"},{"name":"Ed Korsinsky","role":"Attorney"}],"products":[],"companies":[{"name":"Globant S.A.","ticker":"GLOB"},{"name":"SueWallSt","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$143.71 per-share","context":"alleged investor losses"},{"amount":"$210.17","context":"pre-drop share price"},{"amount":"$66.46","context":"post-drop share price"},{"amount":"$1 billion","context":"Latin American strategic pivot"},{"amount":"$47.6 million","context":"restructuring charge"}]},"model_name":"glm-4.7","prompt_hash":"sha256:f66160e0fe5301b2","schema_hash":"sha256:12363694422af5d9","created_at":"2026-05-07T23:10:59.988Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":45268,"modelName":"glm-4.7"}}