XP Inc. Class Action Lawsuit - XP

Company
XP Inc. (NASDAQ: XP)
Lead Plaintiff Deadline
May 20, 2020 (Expired)
Class Period
December 10, 2019 - January 1, 3000

Expired

Lead Plaintiff Deadline

May 20, 2020

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Allegations

(1) XP engaged in undisclosed related party transactions; (2) XP failed to disclose its common and large system failures and connected losses; (3) XP’s aggressive IFA strategy was and is tenuous; (4) XP had material weaknesses; (5) XP fired its previous accounting firm due to that firm finding and disclosing material weaknesses; and (6) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the XP class action lawsuit, you must have incurred a loss on shares of XP purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in XP during the relevant time frame or pursuant to the relevant offering(s), you have until May 20, 2020 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.

XP Inc. Class Action Lawsuit Details

The complaint alleges that XP Inc. violated federal securities laws by issuing materially false and/or misleading information and/or failing to disclose material information. If you suffered a loss in XP Inc. you have until May 20, 2020 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.

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