NEW YORK, July 18, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Direct Digital Holdings, Inc. ("Direct Digital" or the "Company") (NASDAQ: DRCT) and certain officers. The class action, filed in the United States District Court for the Southern District of Texas, Houston Division, and docketed under 24-cv-02567, is on behalf of all those who purchased, or otherwise acquired, Direct Digital common stock during the period from April 17, 2023 through March 25, ...

SAN DIEGO, July 15, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Direct Digital Holdings, Inc. (NASDAQ: DRCT) common stock between April 17, 2023 and March 25, 2024. Direct Digital is an endto-end, full-service programmatic advertising platform that provides advertising technology, data-driven campaign optimization, and other solutions to markets on both the buy- and sell-side of the digi ...

Core Viewpoint - A class action lawsuit has been filed against Direct Digital Holdings, alleging that the company made false and misleading statements regarding its transition to a "cookie-less" advertising environment and the viability of its alternatives to third-party cookies, which has led to significant losses for investors [2]. Group 1 - The lawsuit claims that Direct Digital Holdings misrepresented the impact of its transition to a "cookie-less" advertising environment on revenue for 2024 [2]. - Allegations include that the company's planned investments in AI and machine learning to utilize first-party data sources would not serve as viable alternatives to third-party cookies and similar tracking technologies [2]. - Following the revelation of the truth regarding these statements, Direct Digital shares experienced a significant decline, adversely affecting investors [2]. Group 2 - The Portnoy Law Firm is representing investors in pursuing claims related to corporate wrongdoing, emphasizing that investors who purchased or sold shares between April 17, 2023, and March 24, 2024, may be eligible to participate in the lawsuit [1]. - The founding partner of the Portnoy Law Firm has a track record of recovering over $5.5 billion for investors affected by corporate misconduct [3].

NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) -- SO WHAT: If you purchased Direct Digital common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Direct Digital class action, go to https://rosenlegal.com/submit-form/? case_id=25535 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has alre ...

If you are a shareholder who purchased, or otherwise acquired, Direct Digital common stock during the Class Period, you have until July 22, 2024 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number ...

LOS ANGELES, July 12, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Direct Digital Holdings, Inc. ("Direct Digital" or "the Company") (NASDAQ:DRCT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. CLASS PERIOD: April 17, 2023 to March 25, 2024 CASE DETAILS: The complaint alleges that the Company made false and misleading statements to the market. Direct ...

[Click here to learn more about the class action] On April 2, 2024, Direct Digital disclosed that a material weakness had been "identified in [its] review of internal control over financial reporting as of December 31, 2023." On this news, the price of Direct Digital shares declined $1.31, from $14.82 on April 1, 2024 to close at $12.82 per share on April 2, 2024. If you purchased or otherwise acquired Direct Digital securities, have information, or would like to learn more about this investigation, please ...

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Direct Digital Holdings, Inc. (NASDAQ: DRCT) between April 17, 2023 and March 25, 2024, both dates inclusive (the "Class Period") of the important July 22, 2024 lead plaintiff deadline. SO WHAT: If you purchased Direct Digital common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency f ...

ATLANTA, July 10, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Direct Digital Holdings, Inc. ("Direct Digital" or the "Company") (NASDAQ: DRCT). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company, including allegations that: (1) Direct Digital's transition toward a "cookieless" advertising environment was accelerated and would impact revenue in 2024; (2) Direct ...

LOS ANGELES, July 10, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Direct Digital Holdings, Inc. ("Direct Digital" or "the Company") (NASDAQ: DRCT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 17, 2023 and March 25, 2024, inclusive (the ...