The complaint centers on allegations that Globant misled the market regarding its "Latin American pivot" strategy. While the company publicly championed this initiative, the lawsuit claims the pivot faltered under the weight of project cancellations and declining demand. Furthermore, the filing contends that the firm maintained an image of regional market leadership while simultaneously implementing wage freezes in specific Latin American countries, a move that reportedly damaged employee morale and degraded client service levels.

Shareholders who incurred losses during this period have until June 23, 2026, to contact The Schall Law Firm. As the class has not yet been certified, investors currently remain absent class members and are not represented by counsel unless they take action. Brian Schall of the Los Angeles-based firm is overseeing the case, offering consultations to affected parties regarding their legal rights and potential recovery of damages.