In re StoneCo Ltd. Securities Litigation

On May 2, 2022, Labaton Keller Sucharow was appointed lead counsel in a securities class action against StoneCo and certain executives and officers.  StoneCo is a provider of financial technology (Fintech) solutions, primarily in Brazil.  StoneCo’s Fintech services allow merchants and other vendors to conduct electronic commerce across in-store, online, and mobile channels.  On August 8, 2022, Lead Plaintiff filed the Amended Class Action Complaint for Violations of the Federal Securities Laws (the Complaint,) asserting claims against StoneCo and the Individual Defendants under Section 10(b) of the Securities Exchange Act of 1934 (the Exchange Act), and Rule 10b-5 promulgated thereunder, and against the Individual Defendants under Section 20(a) of the Exchange Act.

On November 7, 2022, StoneCo filed a motion to dismiss the Complaint which Lead Plaintiff opposed on January 6, 2023.  On September 25, 2024, the Court entered a Memorandum Opinion denying in part and granting in part StoneCo’s motion to dismiss the Complaint.  Beginning in December 2024, the Parties engaged in formal discovery efforts, including exchanging initial disclosures, serving requests for production of documents and interrogatories, as well as subpoenas on third parties.

On June 10, 2025, Lead Counsel and Defendants’ Counsel, among others, participated in a full-day, in-person mediation session before the Mediator.  The session ended without a resolution and the Parties agreed to continue discussions with the Mediator.  On June 23, 2025, the Mediator issued a mediator’s recommendation to the Parties, which was accepted on June 24, 2025, subject to the execution of a formal settlement agreement.

The Parties’ settlement in principle was subsequently memorialized in a confidential term sheet executed and finalized on August 22, 2025 and the Stipulation was executed on October 15, 2025.

The $26.75 million settlement  resolves claims on behalf of all persons and entities that purchased or otherwise acquired the publicly traded common stock of StoneCo during the period from May 27, 2020 through November 16, 2021, both dates inclusive, and were allegedly damaged thereby.

The case is known as In re StoneCo Ltd. Securities Litigation, Case No. 1:21-cv-09620 (S.D.N.Y.).  The Action is assigned to the Honorable Gregory H. Woods, United States District Judge.  Labaton Keller Sucharow represents Indiana Public Retirement System.  The Court in charge of the case is the United States District Court for the Southern District of New York.

Submit Claim Form
If you purchased or otherwise acquired the publicly traded common stock of StoneCo during the period from May 27, 2020 through November 16, 2021, both dates inclusive, and were allegedly damaged thereby, you may be entitled to a payment from a class action settlement.  To be eligible for a payment, you must submit a Claim Form to the Claims Administrator by February 17, 2026.

Settlement Hearing
A Settlement Hearing will be held on February 27, 2026 at 3:30 p.m. (ET), either remotely or in person, in Courtroom 12C of the United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007.

If you have questions about the Settlement, please contact Labaton Keller Sucharow at settlementquestions@labaton.com; 1-888-219-6877; or contact the Claims Administrator, Verita Global, LLC, (888) 777-6948, info@StoneCoSecuritiesSettlement.com.  Additional information about the Settlement can be found at www.StoneCoSecuritiesSettlement.com.