NEW
YORK, June 5, 2025 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders of
DoubleVerify Holdings, Inc. (NYSE: DV).
Shareholders who purchased shares of DV during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/doubleverify-holdings-inc-loss-submission-form-2/?id=151578&from=4
CLASS PERIOD: November 10,
2023 to February 27, 2025
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a)
DoubleVerify's customers were shifting their ad spending from open
exchanges to closed platforms, where the Company's technological
capabilities were limited and competed directly with native tools
provided by platforms like Meta Platforms and Amazon; (b)
DoubleVerify's ability to monetize on its Activation Services was
limited because the development of its technology for closed
platforms was significantly more expensive and time-consuming than
disclosed to investors; (c) DoubleVerify's Activation Services in
connection with certain closed platforms would take several years
to monetize; (d) DoubleVerify's competitors were better positioned
to incorporate AI into their offerings on closed platforms, which
impaired DoubleVerify's ability to compete effectively and
adversely impacted the Company's profits; (e) DoubleVerify
systematically overbilled its customers for ad impressions served
to declared bots operating out of known data center server farms;
(f) DoubleVerify's risk disclosures were materially false and
misleading because they characterized adverse facts that had
already materialized as mere possibilities; and (g) as a result of
the foregoing, defendants' positive statements about the Company's
business, operations, and prospects were materially false and/or
misleading or lacked a reasonable basis.
DEADLINE: July 21, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/doubleverify-holdings-inc-loss-submission-form-2/?id=151578&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of DV during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is July 21, 2025. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
