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Class Action Announcement for Integral Ad Science Holding Corp. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Integral Ad Science Holding Corp. - Contact Kessler Topaz Meltzer & Check, LLP
Integral Ad Science Integral Ad Science (US:IAS) GlobeNewswire News Roomยท2025-02-18 14:20

Core Viewpoint - A securities class action lawsuit has been filed against Integral Ad Science Holding Corp. (IAS) for allegedly making false and misleading statements regarding its business operations and financial performance during the class period from March 2, 2023, to February 27, 2024 [1]. Group 1: Allegations Against IAS - The lawsuit claims that IAS faced increased competitive pricing pressures, leading to price cuts due to weakening demand and slowing revenue growth [2]. - It is alleged that IAS's pricing function was no longer favorable, and the company could not sustain its pricing or drive price increases [2]. - The complaint states that pricing had become a key differentiator for IAS compared to competitors, and favorable pricing was necessary to secure major renewals and new deals [2]. - The risk of increased pricing pressure from competition was realized, contradicting previous statements made by IAS [2]. - As a result, the defendants' statements regarding the company's business and prospects were materially false and misleading [2]. Group 2: Lead Plaintiff Process - IAS investors have until March 31, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery [3].