DoubleVerify(DV)

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Robbins LLP Reminds Investors With Large Losses to Contact the Law Firm for Information About the Class Action Lawsuit Against DoubleVerify Holdings, Inc.
Prnewswire· 2025-05-30 21:57
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired DoubleVerify Holdings, Inc. common stock during a specified period, alleging that the company misled investors regarding its business prospects and financial performance [1][2]. Allegations - The lawsuit claims that DoubleVerify failed to disclose significant shifts in customer ad spending from open exchanges to closed platforms, where the company's capabilities were limited [2]. - It is alleged that the costs and time required to develop technology for closed platforms were significantly underestimated, impacting the monetization of DoubleVerify's Activation Services [2]. - The complaint states that competitors were better positioned to leverage AI in their offerings, adversely affecting DoubleVerify's competitive stance and profitability [2]. - DoubleVerify is accused of systematically overbilling customers for ad impressions served to bots, which raises concerns about the integrity of its billing practices [2]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, as they downplayed already realized adverse facts [2]. Impact of Disclosure - The truth about DoubleVerify's business challenges was revealed on February 27, 2025, when the company reported lower-than-expected sales and earnings, leading to a significant stock price drop of $7.83 per share, or 36%, from $21.73 to $13.90 [3]. Next Steps for Shareholders - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by July 15, 2025, although participation is not required to be eligible for recovery [4]. Company Background - Robbins LLP has been recognized for its efforts in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].
Shareholders of DoubleVerify Holdings, Inc. Should Contact Levi & Korsinsky Before July 21, 2025 to Discuss Your Rights - DV
Prnewswire· 2025-05-30 09:45
Core Viewpoint - A class action securities lawsuit has been filed against DoubleVerify Holdings, Inc. alleging securities fraud that negatively impacted investors between November 10, 2023, and February 27, 2025 [1] Group 1: Allegations of the Lawsuit - The lawsuit claims that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited [2] - It is alleged that the monetization of DoubleVerify's Activation Services was constrained due to the high costs and time required for technology development for closed platforms [2] - The complaint states that it would take several years for DoubleVerify's Activation Services related to certain closed platforms to become profitable [2] - Competitors of DoubleVerify were reportedly better positioned to integrate AI into their offerings on closed platforms, which negatively affected DoubleVerify's competitive stance and profitability [2] - The company is accused of systematically overbilling customers for ad impressions served to declared bots operating from known data center server farms [2] - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2] - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [2] Group 2: Next Steps for Investors - Investors who suffered losses in DoubleVerify Holdings, Inc. during the specified timeframe have until July 21, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
Shareholders who lost money on DoubleVerify Holdings, Inc. (NYSE: DV) Should Contact Wolf Haldenstein
GlobeNewswire News Room· 2025-05-30 01:58
Core Viewpoint - A securities class action lawsuit has been filed against DoubleVerify Holdings, Inc. for alleged misrepresentations that led to significant stock price drops during the class period from November 10, 2023, to February 27, 2025 [1]. Allegations Summary - Ad Spend Shift: Customers shifted advertising spending from open exchanges to closed platforms, where DoubleVerify's technology was less effective and faced increased competition [7]. - Technology Development Costs: The costs and time required for developing technology for closed platforms were higher than disclosed by the company [7]. - Monetization Timeline: The timeline for monetizing Activation Services on closed platforms was projected to take several years [7]. - AI Competitiveness: Competitors were better positioned to integrate AI, which negatively impacted DoubleVerify's competitive edge and profitability [7]. - Overbilling: The company allegedly overbilled customers for ad impressions served to declared bots operating from data center server farms [7]. - Misleading Risk Disclosures: The company misrepresented existing problems as hypothetical risks in its disclosures [7]. - Misleading Positive Statements: False or misleading statements were made regarding the company's operations and future prospects [7]. Stock Performance - February 28, 2024: The stock fell over 21% after announcing lower Q1 2024 revenue growth expectations [7]. - May 7, 2024: The stock plunged nearly 39% after cutting the full-year 2024 revenue outlook [7]. - February 27, 2025: The stock dropped 36% following disappointing Q4 2024 results [7].
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DoubleVerify Holdings, Inc. (DV)
GlobeNewswire News Room· 2025-05-29 19:14
Core Viewpoint - A securities class action lawsuit has been filed against DoubleVerify Holdings, Inc. for allegedly making false and misleading statements regarding its business operations and financial performance during the class period from November 10, 2023, to February 27, 2025 [1] Group 1: Allegations Against the Company - The lawsuit claims that the company's customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's technological capabilities were limited [2] - It is alleged that the company's ability to monetize its high-margin Activation Services was constrained due to the high costs and time required for technology development for closed platforms [2] - The complaint states that monetization of Activation Services on certain closed platforms would take several years, contrary to what was disclosed to investors [2] - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive stance and profitability [2] - The company is accused of systematically overbilling customers for ad impressions served to declared bots operating from known data center server farms [2] - The risk disclosures provided by the company were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2] - As a result of these issues, the positive statements made by the company regarding its business and prospects were deemed materially false or misleading [2] Group 2: Investor Information - Investors who acquired shares of DoubleVerify are encouraged to contact the law firm before the lead plaintiff motion deadline of July 15, 2025 [3]
DV INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that DoubleVerify Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-05-28 16:10
Core Viewpoint - The DoubleVerify Holdings, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements and failure to disclose critical information regarding its business operations and financial performance [1][3]. Group 1: Allegations of the Lawsuit - The lawsuit claims that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's capabilities were limited [3]. - It is alleged that the monetization of DoubleVerify's Activation Services was hindered by the high costs and time required to develop technology for closed platforms [3]. - The lawsuit states that competitors were better positioned to integrate AI into their offerings, negatively impacting DoubleVerify's competitive edge and profitability [3]. - DoubleVerify is accused of systematically overbilling customers for ad impressions served to bots [3]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [3]. Group 2: Impact on Stock Performance - Following a lower revenue growth expectation announcement on February 28, 2024, DoubleVerify's stock price fell over 21% [4]. - On May 7, 2024, after cutting its full-year 2024 revenue outlook due to reduced customer ad spending, the stock price dropped nearly 39% [5]. - On February 27, 2025, DoubleVerify reported lower-than-expected fourth quarter 2024 sales and earnings, leading to a stock price decline of more than 36% [6]. Group 3: Legal Process and Firm Background - Investors who purchased DoubleVerify common stock during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8][9].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in DoubleVerify Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - DV
GlobeNewswire News Room· 2025-05-28 13:00
Core Viewpoint - A class action lawsuit has been filed against DoubleVerify Holdings, Inc. for alleged securities fraud and unlawful business practices, with investors encouraged to join the lawsuit [1][2]. Company Performance - On February 28, 2024, DoubleVerify lowered its revenue growth expectations for Q1 2024, leading to a stock price drop of $8.35 per share, or 21.3%, closing at $30.89 on February 29, 2024 [4]. - On May 7, 2024, the company cut its full-year 2024 revenue outlook due to reduced ad spending from customers, resulting in a stock price decline of $11.79 per share, or 38.6%, closing at $18.78 on May 8, 2024 [5]. - On February 27, 2025, DoubleVerify reported lower-than-expected Q4 2024 sales and earnings, with a stock price drop of approximately 36%, closing at $13.90 on February 28, 2025 [6]. Industry Concerns - A report by Adalytics Research, LLC on March 28, 2025, claimed that DoubleVerify's advertisement verification services are ineffective, stating that customers are billed for ad impressions served to bots [7]. - The Wall Street Journal reported that DoubleVerify frequently fails to detect nonhuman traffic, contradicting the company's claims of helping brands avoid serving ads to bot accounts [7].
Dolly Varden Silver Commences 2025 Drill Program with Four Drill Rigs at the Kitsault Valley Project
Newsfile· 2025-05-28 12:00
Dolly Varden Silver Commences 2025 Drill Program with Four Drill Rigs at the Kitsault Valley Project May 28, 2025 8:00 AM EDT | Source: Dolly Varden Silver Corporation Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE Amercian: DVS) (FSE: DVQ) (the "Company" or "Dolly Varden") is pleased to announce that the 2025 Exploration Drill Program focused on its 100% owned Kitsault Valley Project is underway. Two diamond drills commenced in early May at t ...
DV Investors Have Opportunity to Lead DoubleVerify Holdings, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-05-27 20:27
NEW YORK, May 27, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of DoubleVerify Holdings, Inc. (NYSE: DV) between November 10, 2023 and February 27, 2025, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than July 21, 2025.So What: If you purchased DoubleVerify common stock during the Class Period you may be entitled to compen ...
DOUBLEVERIFY HOLDINGS, INC. (NYSE: DV) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds DoubleVerify Holdings, Inc. Investors of Upcoming Deadline
GlobeNewswire News Room· 2025-05-27 12:30
Core Viewpoint - A securities fraud class action lawsuit has been filed against DoubleVerify Holdings, Inc. for alleged misrepresentations regarding its services and billing practices, affecting investors who purchased shares between November 10, 2023, and February 27, 2025 [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of investors who acquired DoubleVerify common stock during the specified period [3]. - Allegations include violations of the Securities Exchange Act of 1934, with claims that the Company and certain senior officers made false statements about the effectiveness of its web advertisement verification and fraud protection services [4]. Group 2: Investor Participation - Investors wishing to serve as lead plaintiffs must file necessary documents by July 21, 2025, although participation as a lead plaintiff is not required to share in any potential recovery [5]. - All legal representation is provided on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [5]. Group 3: Law Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since its inception in 1993 and has a strong track record in class action litigation [6].
Dolly Varden Announces Closing of the Acquisition of Hecla's Kinskuch Property
Newsfile· 2025-05-26 12:00
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) (the "Company" or "Dolly Varden") is pleased to announce that, further to its news release dated May 5, 2025, it has completed the acquisition of the Kinskuch Property in northwest BC's Golden Triangle (the "Transaction"). The Kinskuch Property is adjacent to the Company's Kitsault Valley Project and dramatically increases the Kitsault Valley Project size to approximatel ...