The complaint alleges that between February 15, 2024, and August 14, 2025, Globant executives failed to disclose critical shifts in their Latin American market. According to the filing, the company faced a decline in project volume as clients in the region reduced or canceled engagements. Furthermore, the suit claims Globant implemented wage freezes in Argentina and Mexico as early as late 2023, details that were allegedly omitted from public statements about the firm's operational health.

Investors who purchased shares during this period and suffered losses are eligible to seek appointment as lead plaintiff. Those interested in the litigation or wishing to review their legal rights can contact the firm via email at info@frankcruzlaw.com or by phone at 310-914-5007. Shareholders are not required to take immediate action to remain members of the class, as they may also choose to retain independent counsel or remain passive participants in the proceedings.