{"id":962225,"date":"2026-05-13T10:04:44","date_gmt":"2026-05-13T14:04:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/glob-deadline-levi-korsinsky-reminds-globant-s-a-investors-of-upcoming-securities-class-action-deadline\/"},"modified":"2026-05-13T10:04:44","modified_gmt":"2026-05-13T14:04:44","slug":"glob-deadline-levi-korsinsky-reminds-globant-s-a-investors-of-upcoming-securities-class-action-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glob-deadline-levi-korsinsky-reminds-globant-s-a-investors-of-upcoming-securities-class-action-deadline\/","title":{"rendered":"GLOB DEADLINE: Levi & Korsinsky Reminds Globant S.A. Investors of Upcoming Securities Class Action Deadline"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Time-Sensitive: Allegations Focus on Concealed Wage Freezes and Failed Iteris Integration That Allegedly<\/span> Undermined Globant’s Workforce and Client Relationships<\/i>\n <\/p>\n

\n NEW YORK<\/span>, May 13, 2026<\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP alerts investors in Globant S.A. (NYSE: GLOB) of a pending securities class action. Class Period: February 15, 2024 through August 14, 2025. Check if you can recover your investment losses<\/a>\u00a0or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a>\u00a0| (212) 363-7500.<\/p>\n

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Globant shares lost over $143 per share during the class period, a decline of approximately 68%. The Court has set June 23, 2026 as the deadline to apply for lead plaintiff appointment.<\/p>\n

\n The Alleged<\/span> Wage Freeze and Its Consequences<\/b>\n <\/p>\n

While Globant publicly described itself as the “employer of choice” in Latin America and emphasized that employee retention was “one of our main priorities,” the lawsuit asserts that the Company had frozen wages for employees in Mexico and Argentina beginning in late 2023. Given double-digit inflation in both countries, these freezes effectively amounted to pay cuts. The action claims this decision triggered widespread employee unrest, degraded client service quality, and undermined the very workforce Globant was marketing to investors as a competitive advantage.<\/p>\n

In Argentina, the situation allegedly<\/span> grew so severe that the Computer Trade Association formally petitioned Globant’s leadership for urgent salary increases. According to the lawsuit, no response was given. Workers also alleged<\/span> the Company blocked unionization efforts and terminated an employee for creating a messaging group to discuss wages.<\/p>\n

\n Iteris Acquisition: Alleged<\/span> Integration Failures in Brazil<\/b>\n <\/p>\n

Globant acquired Brazilian consulting firm Iteris in December 2023 as part of its $1 billion Latin American expansion. The lawsuit contends this acquisition was troubled from the start:<\/p>\n