Workflow
DoubleVerify(DV)
icon
Search documents
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
Core Viewpoint - Dolly Varden Silver Corporation has initiated its 2025 Exploration Drill Program at the Kitsault Valley Project, focusing on expanding known mineralization and discovering new zones with a total planned meterage of approximately 35,000 meters [1][2][3] Group 1: Drill Program Details - The 2025 drill program will allocate approximately 60% of the drilling to the Dolly Varden Properties, including the Big Bulk copper-gold porphyry, and 40% to the Homestake Ridge Property [2] - The program aims to balance the discovery of new mineralization, expansion of known zones, and de-risking through infill drilling, particularly at the high-grade Wolf Vein [3] Group 2: Target Areas - Drilling at the Wolf Vein is focused on extending the high-grade silver corridor, with directional drilling technology being used to accurately intersect the steeply dipping vein [7] - The Moose Vein, located 1.5 kilometers north of the Wolf Vein, has shown promising results with previous drill holes intersecting high-grade silver [11] - The Red Point target, situated on the west side of the Kitsault River, is characterized by high-grade gold values within stockwork zones, with follow-up drilling planned based on previous results [13] Group 3: Technical Insights - Recent studies indicate that the mineralization at the Wolf Vein is becoming more robust with a higher temperature alteration signature towards the southwest [8] - The last drill hole at the Wolf Vein (DV24-421) intersected significant grades of silver, lead, and zinc, highlighting the potential for further expansion [7] Group 4: Company Overview - Dolly Varden Silver Corporation is focused on advancing one of the largest high-grade undeveloped precious metals assets in British Columbia's Golden Triangle, with the Kitsault Valley Project being a key asset [19]
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
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed the acquisition of the Kinskuch Property, significantly expanding its Kitsault Valley Project in British Columbia's Golden Triangle, which is rich in silver, gold, and copper mineralization [1][2]. Acquisition Details - The Kinskuch Property was acquired from Hecla Mining Company for a total consideration of $5 million, satisfied through the issuance of 1,351,963 common shares [2]. - Hecla will retain a 2% net smelter return royalty on the Kinskuch Property, with a provision for Dolly Varden to buy back 50% of the royalty for $5 million [2]. - Hecla will also maintain a position on Dolly Varden's Technical Committee to assist in exploring the potential of the newly acquired property [2]. Property Overview - The Kinskuch Property is contiguous to the east and south of the Kitsault Valley Project, increasing the project size to approximately 77,000 hectares [1][3]. - The acquisition triples the total strike length of favorable Jurassic age Hazelton-group volcanic rocks, adding the Illiance trend to the Kitsault Valley trend [3]. - The Illiance trend has seen limited modern exploration, primarily localized diamond drilling by Hecla [3]. Historical Context - The acquisition area includes the past-producing Esperanza Mine, which operated in 1910 and is interpreted to have similar silver grades to the historic Dolly Varden Mine [4]. - The Esperanza Mine is located along the Kitsault Valley access road, just two kilometers north of Dolly Varden's camp [4]. Geological Potential - The southwestern portion of the Kinskuch Property covers Hazelton Group rocks that are within seven kilometers of Goliath Resources Limited's Surebet Zone gold mineralization [5]. - The area has the potential to host additional gold-copper porphyry systems, particularly towards the Kitsault molybdenum porphyry deposit [5]. Company Background - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden Property, Homestake Ridge Property, and Kinskuch Property [12]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for hosting further precious metal deposits [12].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages DoubleVerify Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DV
GlobeNewswire News Room· 2025-05-25 17:00
Core Viewpoint - A class action lawsuit has been filed against DoubleVerify Holdings, Inc. for misleading statements and failure to disclose critical information regarding its business operations and financial performance during the specified Class Period from November 10, 2023, to February 27, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's capabilities were limited [5]. - It is alleged that the company overbilled customers for ad impressions served to declared bots operating from known data center server farms [5]. - The lawsuit asserts that DoubleVerify's risk disclosures were materially false and misleading, mischaracterizing adverse facts as mere possibilities [5]. Group 2: Investor Information - Investors who purchased DoubleVerify common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff must move the Court by July 21, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 alone [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].
DoubleVerify Holdings, Inc. Investors: Robbins LLP Reminds DV Shareholders of the Pending Class Action Lawsuit
GlobeNewswire News Room· 2025-05-23 21:26
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 company’s ability to monetize its 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 related to certain closed platforms would take several years, which was not communicated to investors [2]. - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively affecting DoubleVerify's competitive stance and profitability [2]. - The company is accused of systematically overbilling customers for ad impressions served to bots operating from known data centers [2]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, as they downplayed adverse facts that had already occurred [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 for Q4 2024, attributed to reduced customer spending and service suspension by a major client [3]. - Following this disclosure, DoubleVerify's stock price fell by $7.83, or 36%, from $21.73 to $13.90 within a day [3]. Next Steps for Investors - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by July 15, 2025 [4]. - Investors can choose to remain absent class members and still be eligible for recovery without taking any action [4].
DV INVESTOR ALERT: DoubleVerify Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the DoubleVerify Class Action Lawsuit
Prnewswire· 2025-05-23 20:20
Core Viewpoint - The article discusses a class action lawsuit against DoubleVerify Holdings, Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on misleading statements and the impact on the company's stock price during the class period from November 10, 2023, to February 27, 2025 [1][3]. Company Allegations - The lawsuit alleges that DoubleVerify misled investors by failing to disclose that customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's capabilities were limited [3]. - It is claimed that the development of technology for closed platforms was more expensive and time-consuming than disclosed, affecting the monetization of DoubleVerify's Activation Services [3]. - The lawsuit states that competitors were better positioned to incorporate AI into their offerings, impairing DoubleVerify's competitive edge and profits [3]. - Allegations include systematic overbilling of customers for ad impressions served to declared bots, and misleading risk disclosures that characterized adverse facts as mere possibilities [3]. Stock Price Impact - Following the announcement of lower revenue growth expectations on February 28, 2024, DoubleVerify's stock price fell over 21% [4]. - On May 7, 2024, after cutting its full-year 2024 revenue outlook, the stock price dropped nearly 39% [5]. - A further decline of more than 36% occurred on February 27, 2025, when DoubleVerify reported lower-than-expected fourth quarter 2024 sales and earnings, attributing it to reduced customer spending and the shift of ad dollars [6]. Legal Process - Investors who purchased DoubleVerify common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of other class members [7]. About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8].
DV INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that DoubleVerify Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-05-23 20:00
NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against DoubleVerify Holdings, Inc. (“DoubleVerify” or “the Company”) (NYSE: DV) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ...