Bragar Eagel & Squire, PC Investigates Nuvei Corporation on Behalf of Nuvei Shareholders and Encourages Investors to Contact the Company
NEW YORK, December 09, 2021 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC, a law firm nationally recognized for shareholder rights, is investigating potential claims against Nuvei Corporation (“Nuvei” or the “Company”) (NASDAQ: NVEI) on behalf of the shareholders of Nuvei. Our investigation focuses on whether Nuvei has violated federal securities laws and / or engaged in other illegal business practices.
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On December 8, 2021, Spruce Point Capital Management (“Spruce Point”) published a report on Short Sellers on Nuvei. Citing “a forensic financial and accounting review,” the Spruce Point report alleged that Nuvei “covered up a pattern of corporate failures, a lack of organic growth, and a network of relationships with individuals linked to major corporate programs. Ponzi and suspected fraudulent activity.[.]”
Following the release of the Spruce Point report, the Nuvei stock price fell $ 39.38 or 40.45% percent, to close at $ 57.97 per share on December 8, 2021.
If you have bought or acquired Nuvei shares and suffered a loss, are a long-term shareholder, have information, want to know more about these claims, or have questions regarding this announcement or your rights or interests in these questions, please contact Brandon Walker or Alexandra B. Raymond by email at [email protected], call (212) 355-4648, or by fill out this contact form. There is no cost or obligation for you.