{"id":969146,"date":"2026-06-01T14:30:33","date_gmt":"2026-06-01T18:30:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/levi-korsinsky-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-s-a-lawsuit-glob\/"},"modified":"2026-06-01T14:30:33","modified_gmt":"2026-06-01T18:30:33","slug":"levi-korsinsky-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-s-a-lawsuit-glob","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/levi-korsinsky-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-23-2026-in-globant-s-a-lawsuit-glob\/","title":{"rendered":"Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 23, 2026 in Globant S.A. Lawsuit – GLOB"},"content":{"rendered":"

\nImportant Information Regarding Section 20(a) Individual Liability Claims Against Globant’s CEO, CFO, and COO for Alleged $143.71 Per-Share Investor Losses
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NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP alerts investors in Globant S.A. (NYSE: GLOB) of a pending securities class action naming three senior executives as individual defendants. Class Period: February 15, 2024 through August 14, 2025.\u00a0Check if you can recover your investment losses<\/a> or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/u><\/a> | (212) 363-7500.<\/p>\n

Globant shares lost approximately 68% of their value from $210.17, falling to $66.46 per share after a series of corrective disclosures revealed pervasive failures in the Company’s $1 billion Latin American strategic pivot. The Court has set June 23, 2026 as the deadline to apply for lead plaintiff appointment.<\/p>\n

\n The Named Individual Defendants<\/strong>\n <\/p>\n

Martin Migoya, Globant’s CEO and Co-Founder since 2003, is alleged to have personally made statements on multiple earnings calls touting the Company’s “prominence” in Latin America and describing the macroeconomic environment there as “pretty healthy.” Juan Ignacio Urthiague, CFO since 2018, allegedly told investors the Company was “very confident about our ability to grow in Latin America” while the region faced declining demand and client defections. Patricia Pomies, who served as COO from 2021 to July 2025, allegedly stated demand was “very, very high” and Globant was “continuing hiring in many of the countries” even as operations deteriorated.<\/p>\n

\n Section 20(a) Control Person Framework<\/strong>\n <\/p>\n

The complaint charges that each Individual Defendant, by virtue of their senior positions, possessed the power and authority to control the contents of Globant’s SEC filings, press releases, and earnings call statements. The pleading asserts they were provided with copies of public disclosures prior to issuance and had the ability to prevent misleading statements or cause corrections.<\/p>\n

\n Sarbanes-Oxley Certification Obligations<\/strong>\n <\/p>\n

Under Sections 302 and 906 of the Sarbanes-Oxley Act, corporate officers who sign SEC certifications bear personal responsibility for the accuracy of financial disclosures. The action contends that Migoya and Urthiague signed certifications attesting to the accuracy of Globant’s public filings throughout the Class Period, during which:<\/p>\n