The Trade Desk(TTD) Prnewswire·2025-03-10 23:32Core Viewpoint - Securities class action lawsuits have been filed against The Trade Desk, Inc. for allegedly making materially false and misleading statements regarding its business operations and the rollout of its new platform, Kokai, during the specified Class Period from May 9, 2024, to February 12, 2025 [1][2]. Group 1: Allegations Against The Trade Desk - Defendants are accused of failing to disclose significant execution challenges related to the Kokai Rollout, which involved transitioning clients from the older platform, Solimar [2]. - The execution challenges reportedly delayed the Kokai Rollout and negatively impacted the company's business and revenue growth [2]. - Positive statements made by the Defendants about the company's operations and prospects were claimed to be materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process for Investors - Investors in Trade Desk have until April 21, 2025, to seek appointment as lead plaintiff representatives in the class action lawsuit [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or 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 from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is a law firm that prosecutes class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm encourages affected Trade Desk investors to contact them for more information regarding the lawsuit [4].