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DoubleVerify Holdings, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. July 21, 2025 Deadline to file Lead Plaintiff Motion.
GlobeNewswire News Room· 2025-06-30 21:00
Core Viewpoint - A class action lawsuit has been filed against DoubleVerify Holdings, Inc. for allegedly misleading investors regarding the company's performance and competitive position during the class period from November 10, 2023, to February 27, 2025 [1][3]. Company Overview - DoubleVerify Holdings, Inc. provides media effectiveness platforms aimed at optimizing digital ad performance for advertisers [2]. Allegations of the Lawsuit - The lawsuit claims that DoubleVerify made false or misleading statements and failed to disclose critical information, including: - Customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's capabilities were limited and faced competition from platforms like Meta and Amazon [3]. - The development of technology for closed platforms was more costly and time-consuming than represented [3]. - Monetization of Activation Services on closed platforms would take several years, contrary to prior suggestions [3]. - Competitors were better positioned to implement AI solutions on closed platforms, affecting DoubleVerify's competitiveness [3]. - The company overbilled customers for ad impressions served to known bots [3]. - Risk disclosures were misleading, presenting ongoing issues as hypothetical risks [3]. Impact on Stock Price - A series of corrective disclosures negatively impacted DoubleVerify's stock price: - On February 28, 2024, the company issued lower-than-expected Q1 2024 revenue growth guidance, leading to a stock drop of over 21% [4]. - On May 7, 2024, DoubleVerify cut its full-year 2024 revenue outlook due to reduced ad spending, resulting in a nearly 39% decline in stock price [5]. - On February 27, 2025, disappointing Q4 2024 earnings revealed the negative impact of the shift to closed platforms, causing shares to fall more than 36% [5].
Contact Levi & Korsinsky by July 21, 2025 Deadline to Join Class Action Against DoubleVerify Holdings, Inc. (DV)
GlobeNewswire News Room· 2025-06-30 19:46
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][2]. Case Details - The lawsuit claims that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, limiting the company's technological capabilities and increasing competition from platforms like Meta and Amazon [2]. - It is alleged that the monetization of DoubleVerify's Activation Services was hindered 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 to monetize its Activation Services on certain closed platforms [2]. - Competitors were reportedly better positioned to integrate AI into their offerings, which negatively affected DoubleVerify's competitive standing 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, 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]. Next Steps - Investors who suffered losses during the specified timeframe have until July 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record of securing significant compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States [4].
DV LAWSUIT ALERT: The Gross Law Firm Notifies DoubleVerify Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-06-30 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DoubleVerify Holdings, Inc. regarding a class action lawsuit alleging misleading statements and failure to disclose critical information during the class period from November 10, 2023, to February 27, 2025 [1] Allegations Summary - Allegations include that DoubleVerify's customers shifted ad spending to closed platforms, limiting the company's technological capabilities and competition with platforms like Meta and Amazon [1] - The company’s ability to monetize its Activation Services was hindered due to the high costs and time required for technology development for closed platforms [1] - It is claimed that monetization of Activation Services on certain closed platforms would take several years [1] - Competitors were better positioned to integrate AI into their offerings, negatively impacting DoubleVerify's competitive edge and profits [1] - DoubleVerify allegedly overbilled customers for ad impressions served to bots operating from known data centers [1] - The company's risk disclosures were misleading, presenting adverse facts as mere possibilities [1] - As a result, positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [1] Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 21, 2025, to participate in the case without any cost or obligation [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2] Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
ROSEN, SKILLED INVESTOR COUNSEL, Encourages DoubleVerify Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DV
GlobeNewswire News Room· 2025-06-28 15:30
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of DoubleVerify Holdings, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought DoubleVerify common stock between November 10, 2023, and February 27, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by July 21, 2025 [3]. Group 2: Case Allegations - The lawsuit alleges that DoubleVerify made false and misleading statements regarding its business operations, including the shift of customer ad spending to closed platforms where its capabilities were limited [5]. - It is claimed that DoubleVerify's high-margin Activation Services faced significant challenges in monetization due to the high costs and time required for technology development on closed platforms [5]. - The lawsuit also states that DoubleVerify systematically overbilled customers for ad impressions served to declared bots, and its risk disclosures were materially misleading [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in recovering hundreds of millions for investors [4]. - The firm has been recognized for its leadership in securities class action settlements, including a notable settlement against a Chinese company [4].
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· 2025-06-28 14:00
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 by July 21, 2025 [1][2]. Financial Performance - On February 28, 2024, DoubleVerify lowered its revenue growth expectations for Q1 2024, leading to a stock price drop of $8.35, 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, 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]. Market Concerns - A report by Adalytics Research on March 28, 2025, claimed that DoubleVerify's advertisement verification services are ineffective, stating that customers are billed for ad impressions served to bots, which contradicts the company's claims [7].
DV Investors Have the Opportunity to Lead the DoubleVerify Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
GlobeNewswire News Room· 2025-06-28 12:10
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against DoubleVerify Holdings, Inc. due to allegations of violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by July 21, 2025 [3][5]. Group 1: Allegations Against DoubleVerify - The complaint alleges that DoubleVerify misled investors by failing to disclose that customers were shifting ad spending from open exchanges to closed platforms, where the company's capabilities were limited [5]. - It is claimed that DoubleVerify'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 [5]. - The complaint states that competitors were better positioned to integrate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive edge and profitability [5]. - Allegations include that DoubleVerify systematically overbilled customers for ad impressions served to declared bots, and that risk disclosures were materially false and misleading [5]. Group 2: Impact of Allegations - The truth about DoubleVerify's financial struggles 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 [6]. - The decline in stock price was attributed to reduced customer spending and the suspension of services by a major client, alongside the shift of ad dollars impacting the company negatively [6]. Group 3: Legal Proceedings - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members, overseeing the litigation on behalf of the class [7]. - Any member of the class can move to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [7].
DV LAWSUIT ALERT: Levi & Korsinsky Notifies DoubleVerify Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
GlobeNewswire News Room· 2025-06-27 20:07
NEW YORK, June 27, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in DoubleVerify Holdings, Inc. ("DoubleVerify Holdings, Inc." or the "Company") (NYSE: DV) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of DoubleVerify Holdings, Inc. investors who were adversely affected by alleged securities fraud between November 10, 2023 and February 27, 2025. Follow the link below to get more information and be contacted by a member of our team: ...
Lost Money on DoubleVerify Holdings, Inc.(DV)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-06-24 13:00
NEW YORK, June 24, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in DoubleVerify Holdings, Inc. ("DoubleVerify Holdings, Inc." or the "Company") (NYSE: DV) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of DoubleVerify Holdings, Inc. investors who were adversely affected by alleged securities fraud between November 10, 2023 and February 27, 2025. Follow the link below to get more information and be contacted by a member of our team:https: ...
DoubleVerify Holdings, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before July 21, 2025 to Discuss Your Rights – DV
GlobeNewswire News Room· 2025-06-23 20:00
NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- 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=153685&from=3 CLASS PER ...
Faruqi & Faruqi Reminds DoubleVerify Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 21, 2025 - DV
Prnewswire· 2025-06-20 15:50
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In DoubleVerify To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in DoubleVerify between November 10, 2023 and February 27, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, June 20, 202 ...