Core Viewpoint - The Trade Desk, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its AI forecasting tool, Kokai, which has led to execution challenges and negatively impacted revenue growth [1][2]. Group 1: Allegations - The complaint alleges that during the class period from May 9, 2024, to February 12, 2025, The Trade Desk experienced significant self-inflicted execution challenges in rolling out its AI tool, Kokai [1]. - These execution challenges delayed the Kokai rollout, which in turn negatively impacted the company's business operations and revenue growth [1]. - The positive statements made by the defendants about the company's business and prospects were materially false and misleading due to the aforementioned issues [1]. Group 2: Class Action Details - Shareholders who purchased shares of The Trade Desk during the specified class period are encouraged to register for the class action, with a deadline of April 21, 2025, to seek lead plaintiff status [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2].
The Gross Law Firm Notifies Shareholders of The Trade Desk, Inc.(TTD) of a Class Action Lawsuit and an Upcoming Deadline