NEW YORK, Jan. 27, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ: NVEI). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Nuvei and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On December 8, 2021, Spruce Point Capital Management ("Spruce Point") published a short-seller report on Nuvei. Citing "a forensic financial and accounting review," the Spruce Point report alleged that Nuvei "has covered up a pattern of business failures, lack of organic growth, and a web of relationships with individuals connected to major Ponzi Schemes and alleged fraudulent activities[.]"
Following publication of the Spruce Point report, Nuvei's stock price fell $39.38 or 40.45% percent, to close at $57.97 per share on December 8, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Robert S. WilloughbyPomerantz LLP firstname.lastname@example.org 888-476-6529 ext. 7980
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SOURCE Pomerantz LLP