Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Teleperformance SE (TLPFY) on Behalf of Investors

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Teleperformance SE (“Teleperformance” or the “Company”) (OTC: TLPFY) investors concerning the Company’s possible violations of the federal securities laws.

If you suffered a loss on your Teleperformance investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Teleperformance-SE/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On August 4, 2022, Forbes published an article alleging that Teleperformance had subjected its workers to poor working conditions, using real, graphic images and videos of child sexual abuse to train its TikTok content moderators, while “conversations with former employees reveal[ed] the extent to which moderators were both under-trained and overworked.” On this news, Teleperformance’s stock price fell $7.75, or 4.6%, to close at $160.94 per ADR on August 5, 2022, thereby injuring investors.

Then, on November 9, 2022, Time reported that “Colombia’s Ministry of Labor has launched an investigation into TikTok subcontractor Teleperformance, relating to alleged union-busting, traumatic working conditions and low pay.” On this news, Teleperformance’s stock price fell $24.55, or 18.6%, to close at $107.77 per ADR on November 10, 2022.

Then, on March 22, 2023, four months after the Company “unanimously” decided to exit the “highly egregious” content moderation business, Teleperformance announced that it would be reentering the field. Market analysts observed that the move was an indication of the Company’s overall business and growth prospects. One HSBC Global Research analyst report stated that the “U-turn on content moderation raises concerns about communication, governance and broad fundamentals.”

On this news, Teleperformance’s stock price fell $6.87, or 5.7%, over three days to close at $112.82 per ADR on March 24, 2023, thereby injuring investors further.

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Whistleblower Notice: Persons with non-public information regarding Teleperformance should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the 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 Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.

About GPM

Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM’s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

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