SAN FRANCISCO, April 03, 2025 (GLOBE NEWSWIRE) -- On March 12, 2025, investors in XP Inc. (NASDAQ: XP), who purports to be “a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil,” saw the price of their shares decline over 5% after a short-seller published a report titled “XP’s (Nasdaq: XP) Entire Profits Are Dependent on What Insiders Call a ‘Madoff-Like Ponzi Scheme.’”
Prominent investor rights firm Hagens Berman is investigating the allegations and urges investors who purchased XP Inc. shares and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge that may assist the firm’s investigation to contact its attorneys.
Visit: www.hbsslaw.com/investor-fraud/xp
Contact the Firm Now: XP@hbsslaw.com | 844-916-0895
XP Inc. (XP) Investigation:
The investigation is focused on the propriety of XP’s statements about its business model and recent assurances to investors that it has improved its internal control over financial reporting.
XP’s assurances may have come under question on March 12, 2025, when Grizzly Research published “XP’s (Nasdaq: XP) Entire Profits Are Dependent on What Insiders Call a ‘Madoff-Like Ponzi Scheme.” Grizzly alleges, in part, that:
In response to the Grizzly report, the price of XP shares significantly declined.
Reed Kathrein, the Hagens Berman Partner leading the investigation, stated, “We are investigating whether XP, as Madoff, may have misrepresented its business model to investors.”
If you invested in XP and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now.
If you’d like more information and answers to frequently asked questions about the XP investigation, read more.
Whistleblowers: Persons with non-public information regarding XP should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email XP@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895