Globant GLOB Securities Fraud Class Action Lawsuit GLOB Investors Lost 68% Are You Part of This Case?

A class action lawsuit charges Globant S.A. (NYSE: GLOB) and certain of its top executives with violations of the Securities Exchange Act of 1934, on behalf of investors who purchased or acquired Globant common stock between February 15, 2024 and August 14, 2025. GLOB shares fell approximately 68%, from $210.17 to $66.46 per share, across three corrective disclosures in 2025 as the gap between what executives told investors and the reality of Globant’s Latin American operations became impossible to ignore. If you bought GLOB during that window and lost money, this case directly involves you — and there is a deadline approaching fast.

Quick Facts: Globant Securities Fraud Class Action

Field	Detail
Lawsuit Filed	April–May 2026
Defendant	Globant S.A. (NYSE: GLOB) and named senior executives
Alleged Violation	Violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and SEC Rule 10b-5
Who Is Affected	Investors who purchased or acquired GLOB common stock between February 15, 2024 and August 14, 2025
Current Court Stage	Early litigation — lead plaintiff motions pending
Court & Jurisdiction	U.S. District Court for the Southern District of New York, Case No. 26-cv-03405
Lead Law Firms	Rosen Law Firm; Bernstein Liebhard LLP; Pomerantz LLP; Levi & Korsinsky LLP; Robbins Geller Rudman & Dowd LLP
Lead Plaintiff Deadline	June 23, 2026
Official Case Website	No official settlement website — monitor PACER under Case No. 26-cv-03405
Last Updated	May 11, 2026

Current Status of the Globant Lawsuit

• Multiple securities class actions were filed in late April and early May 2026. The lead case is captioned Ohio Carpenters’ Pension Fund v. Globant S.A., No. 26-cv-03405, in the U.S. District Court for the Southern District of New York.
• The lead plaintiff deadline is June 23, 2026. If you suffered significant losses and want to apply to serve as lead plaintiff representing the class, you must move the court before that date. Investors who do not wish to serve as lead plaintiff do not need to take any action right now.
• No settlement has been reached. No claim form exists. This case is in active litigation.

What Is the Globant Lawsuit About? Ohio Carpenters’ Pension Fund v. Globant S.A., No. 26-cv-03405

In mid-2023, Globant announced a $1 billion strategic pivot to increase its Latin American business. Throughout the class period, the company touted to investors the success of that pivot and the strength of its Latin American operations, heralding itself as a market leader and employer of choice in the region.

The complaint alleges that, behind those public statements, Globant was facing decreasing demand across Latin America, had frozen wages in both Argentina and Mexico in late 2023, and that Latin American clients were reducing and cancelling their projects with the company. Those facts, the lawsuit says, were never disclosed to investors at the time they were buying stock. The complaint also alleges a troubled integration of Globant’s Iteris acquisition in Brazil, employee unrest driven by real-pay cuts from frozen wages amid double-digit inflation, and quietly shrinking team headcount on client projects — none of which appeared in the company’s public statements.

Three named executives are alleged to have personally made false statements to investors. CEO Martin Migoya allegedly touted the company’s “prominence” in Latin America and described the macroeconomic environment there as “pretty healthy.” CFO Juan Ignacio Urthiague allegedly told investors the company was “very confident about our ability to grow in Latin America” while the region faced declining demand and client defections. COO Patricia Pomies allegedly stated demand was “very, very high” and that Globant was “continuing hiring” even as operations deteriorated.

This is a securities fraud class action (an employment class action settlement case it is not — this is an investor case) under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, which prohibit materially false or misleading statements made in connection with the purchase or sale of securities. For context on how similar securities fraud investor cases are handled, see the AllAboutLawyer.com coverage of the PayPal securities class action lawsuit.

Are You Part of the Globant Class Action Lawsuit?

This lawsuit is for investors — not consumers or employees. Here is how to know if you are included.

You may be part of this class if you:

• Purchased or acquired Globant S.A. (NYSE: GLOB) common stock at any point between February 15, 2024 and August 14, 2025
• Held shares through at least one of the three corrective disclosure dates (February 20, 2025; May 15, 2025; or August 14, 2025)
• Suffered losses when GLOB’s stock price declined after those disclosures revealed the true state of Globant’s Latin American operations

You are likely NOT included if:

• You purchased GLOB shares only after August 14, 2025
• You sold all your GLOB shares before February 20, 2025 — the first corrective disclosure date — and had no remaining exposure when the stock dropped
• You are one of the named individual defendants or a corporate insider excluded by law

If you are unsure, your brokerage statements from the class period are your first resource. A class action lawsuit attorney can help you assess your losses at no upfront cost — most securities firms handle these cases on a contingency fee basis. For a related investor case with a similar structure, see our coverage of the DiDi Global $740M securities class action settlement on AllAboutLawyer.com.

What Did Globant’s Stock Actually Do? The Three Corrective Disclosures

The lawsuit tracks investor losses to three specific events in 2025, each of which the complaint identifies as a “corrective disclosure” that revealed what executives had allegedly concealed.

On February 20, 2025, Globant reported a 1.3% decline in Latin American revenue and for the first time acknowledged weakness in the region, with executives citing notable issues in specific markets. Following that disclosure, GLOB fell $58.45 per share — nearly 28% — from $210.17 to $151.72.

On May 15, 2025, Globant reported a 9% year-over-year decline in Latin American revenue and executives directly acknowledged “notable contractions in Mexico and Brazil,” sending the stock down more than 23% to approximately $101 per share.

The third and final disclosure came on August 14, 2025, when Globant reported a 2% reduction in headcount — roughly 1,000 employees — and took a $47.6 million restructuring charge, while executives acknowledged for the first time that headcount in Latin America had been declining “for a number of quarters.” The stock fell nearly 15% to approximately $66 per share.

In total, GLOB shares lost $143.71 per share in cumulative value across those three events.

Related article: Porsche Cars North-America Antitrust Repair Monopoly Class Action Lawsuit, Owners Accuse the Company of Locking Them Into Overpriced Dealer Repairs

Globant’s Valuation Today — What Investors Are Looking At Now

GLOB currently trades near its 52-week low, with a 52-week high of $142.25 and a market capitalization of approximately $1.69 billion. In 2025, Globant’s revenue was $2.45 billion — up just 1.6% year over year — while earnings fell nearly 38% to $102.9 million.

Globant is scheduled to report first-quarter 2026 financial results on May 14, 2026, after market close, with a live Q&A hosted by CEO Martin Migoya and senior executives at 4:30 p.m. ET. Those results will be the first major public financial update since the lawsuits were filed and will draw significant investor attention.

Analyst consensus currently rates GLOB a “Buy” with a 12-month average price target of $70.27, representing approximately 79% upside from the current price. Whether that analyst optimism survives the ongoing litigation and the Q1 2026 earnings report remains to be seen. Investors weighing whether to hold, sell, or add to their position should consult a licensed financial advisor — this article does not constitute investment or financial advice.

What Should You Do If You Held GLOB During the Class Period?

The most important thing to understand right now is that the June 23, 2026 deadline is for lead plaintiff applications only — not for receiving any future settlement payment. Here is what each type of investor should do:

1. If you want to apply to serve as lead plaintiff: Contact one of the law firms listed in this article (Rosen Law Firm, Bernstein Liebhard, Pomerantz, Levi & Korsinsky, or Robbins Geller) before June 23, 2026. Lead plaintiffs generally need to demonstrate the largest financial loss among class members who are typical and adequate representatives of the class.
   
2. If you simply want to preserve your right to share in a future recovery: Do nothing right now. Absent class members are not required to take action to remain in the case at this stage.
   
3. Gather your records now. Pull your brokerage statements covering February 15, 2024 through August 14, 2025 and document every GLOB purchase, sale, and the number of shares held through each corrective disclosure date.
   
4. Monitor the case docket at PACER.gov under Case No. 26-cv-03405 in the U.S. District Court for the Southern District of New York for updates on lead plaintiff appointments, class certification, and any future settlement.
   
5. Consult a securities lawyer or consumer rights lawyer if you suffered substantial losses. Most take securities cases on contingency — you pay nothing unless there is a recovery.

Globant Securities Lawsuit Timeline

Milestone	Date
Class Period Begins	February 15, 2024
First Corrective Disclosure (LatAm revenue decline revealed)	February 20, 2025
Second Corrective Disclosure (9% LatAm decline, Mexico/Brazil acknowledged)	May 15, 2025
Third Corrective Disclosure ($47.6M restructuring charge, headcount cuts revealed)	August 14, 2025 — Class Period Ends
Lawsuits Filed	April–May 2026
Lead Plaintiff Deadline	June 23, 2026
Class Certification Motion	TBD — not yet filed
Next Scheduled Hearing	TBD — no public scheduling order confirmed
Expected Settlement Timeline	TBD — securities cases of this type typically take two to four years to resolve

Frequently Asked Questions

Is there a class action lawsuit against Globant? 

Yes. The case is captioned Ohio Carpenters’ Pension Fund v. Globant S.A., Case No. 26-cv-03405, in the U.S. District Court for the Southern District of New York, and charges Globant and certain of its top executives with violations of the Securities Exchange Act of 1934.

Do I need to do anything right now to stay in the Globant class action?

 If you do not wish to serve as lead plaintiff, no — you do not need to take any action right now to remain an absent class member. The June 23, 2026 deadline applies to investors who wish to be appointed as lead plaintiff to represent the class. Your ability to share in any future recovery is not affected by that decision.

When will a settlement be reached in the Globant case?

 No settlement has been reached and no discussions have been publicly reported. Securities fraud class actions of this type typically take two to four years to resolve from the filing of complaints through final court approval and distribution.

Can I file my own individual lawsuit against Globant instead of joining the class? 

Yes, you have the right to opt out of any eventual class settlement and pursue an individual claim for compensation for damages. Consult a securities fraud attorney for a free legal consultation to assess whether individual litigation makes sense given your loss amount and circumstances.

How will I know if the Globant lawsuit settles?

 If a settlement is reached, class members receive direct notice — typically by mail or email through their broker — and a formal claims process with a clear deadline is announced publicly. You can also monitor Case No. 26-cv-03405 on PACER.gov for updates.

How much could investors recover?

 There is no confirmed recovery amount. What investors ultimately receive depends on total losses across the class, the number of claims filed, court-approved attorney fees, and the final settlement or judgment amount — none of which can be determined at this stage.

Which Globant executives are named in the lawsuit?

 Three senior executives are named: CEO Martin Migoya, CFO Juan Ignacio Urthiague, and former COO Patricia Pomies, who served in that role from 2021 to July 2025.

Does the June 23, 2026 deadline mean I lose my money if I miss it?

 No. That deadline applies only to investors applying to serve as lead plaintiff. Missing it does not affect your right to participate in the class and share in any future recovery. However, if you suffered large losses and believe you may qualify as lead plaintiff, contact a class action lawsuit attorney before that date.

Sources & References

• Ohio Carpenters’ Pension Fund v. Globant S.A., Case No. 26-cv-03405, U.S. District Court for the Southern District of New York — Robbins Geller case page
• Law360, “Rawlings Hit With Suit Over ‘Deceptive’ Bat Certifications,” February 23, 2026 (for structural reference only)
• TipRanks, “Globant Investors File Securities Suit Citing Alleged Misstatements About Latin American Expansion,” May 2026

Prepared by the AllAboutLawyer.com Editorial Team and reviewed for factual accuracy against official court records, law firm filings, and financial market data on May 11, 2026. Last Updated: May 11, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Consult a qualified attorney or financial advisor for guidance specific to your situation.