Shamis & Gentile, P.A. is investigating claims on behalf of investors of CI&T Holdings Limited (“CI&T Holdings Limited” or the “Company”) (CINT). Impacted investors are advised to contact the firm now.
The investigation concerns whether CI&T Holdings Limited and certain of its officers and/or directors engaged in securities fraud or other unlawful business practices. The current focus of the investigation involves CI&T Holdings Limited’s statement about its financial results and internal controls between 2022 and 2024.
On March 7, 2024, the Company announced it would restate its previously issued financial statements, disclosing non-cash accounting errors related to deferred income tax accounting for tax-deductible goodwill. The audit committee concluded that CI&T Holdings Limited’s audited 2022 financials and unaudited interim 2023 financials should no longer be relied upon. This disclosure revealed that the Company’s 2022 and first three quarters of 2023 results were misstated.
On this news, CI&T Holdings Limited’s stock price fell $0.48 per share, or 10.78%, to close at $3.97 on March 7, 2024.
Shamis & Gentile, P.A. stands out as an advocate for investors who are victims of securities fraud. The firm is committed to securing recoveries for investors who have incurred damages due to false and misleading statements or other corporate misconduct by public companies. Shamis Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters including class actions, mass torts and mass arbitrations.
Attorney advertising. Prior results do not guarantee similar outcomes.
