The Trade Desk(US:TTD) Prnewswire·2025-03-06 01:36Core Viewpoint - A securities class action lawsuit has been filed against The Trade Desk, Inc. for allegedly making false and misleading statements regarding its business operations and the rollout of its new platform, Kokai, which has faced significant execution challenges [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Trade Desk Class A common stock between May 9, 2024, and February 12, 2025, with a lead plaintiff deadline set for April 21, 2025 [1][4]. - The complaint alleges that Trade Desk failed to disclose significant execution challenges related to the Kokai Rollout, which negatively impacted the company's revenue growth [3]. Group 2: Allegations Against Defendants - Defendants are accused of making materially false statements and failing to disclose adverse facts about the company's business and operations [3]. - Specific allegations include delays in the Kokai Rollout and the negative impact of these challenges on Trade Desk's business operations [3]. Group 3: Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class by the April 21, 2025 deadline, or they can choose to remain absent class members [4]. - The lead plaintiff will represent the interests of all class members and select counsel to direct the litigation [4].