Law Offices of Howard G. Smith announces an investigation on behalf of Nuvei Corporation (“Nuvei” or the “Company”) (NASDAQ: NVEI) investors concerning the Company’s possible violations of federal securities laws.
On December 8, 2021, Spruce Point Capital Management published a research report regarding Nuvei, alleging inaccuracies in the Company’s claims of growth. The report claims 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.” Furthermore, while Nuvei is reporting “remarkable financial success,” Spruce Point asserts that the Company’s financial disclosures are “weak” and that “results are being temporarily enhanced from concentrated exposure to high risk gaming and eCommerce.”
On this news, Nuvei’s stock declined as much as 36% during intraday trading on December 8, 2021, thereby injuring investors.
If you purchased Nuvei securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211208006011/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
