Levi & Korsinsky, LLP announces that an STNE class action lawsuit has been filed on behalf of investors who purchased StoneCo Ltd. (STNE) securities between March 11, 2021, and November 16, 2021. For more on the STNE Lawsuit please contact us today.

According to the StoneCo lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) StoneCo was experiencing difficulties in implementing its credit product; (2) StoneCo faced significant risks via its point-of-sale vendor, PAX Global Technology Ltd.; (3) as a result of the foregoing, the Company’s financial results would be adversely impacted; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE STNE CLASS ACTION LAWSUIT, CLICK HERE

If you suffered a loss in StoneCo you have until January 18, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com