Business
United States — United States Securities and Exchange Commission: The United States — United States Securities and Exchange Commission promulgates the rules (Rule 10b-5) under which the class action lawsuit against Globant is filed, providing the legal framework for the case.
Globant: Globant is the defendant in multiple class action lawsuits alleging securities fraud due to misleading statements about its Latin American operations, which led to significant stock price declines and investor losses. The company's stock price fell significantly after disclosures of declining demand, wage freezes, and headcount reductions.
Apr 27, 2026 · 131 articles