LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of XP Inc. (“XP” or “the Company”) (NASDAQ: XP) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Less than three months after XP’s IPO, The Winkler Group published a research report about the Company raising significant questions about the accuracy of XP’s financial reports. According to the report released on March 6, 2020, there are material differences between XP’s internal audits and the financial statements provided to investors as part of its IPO materials. The report also alleges that “XP fired its auditor after the auditor found material weaknesses in its financial reporting.” Based on that news, shares of XP traded down more than 13% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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