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The Gross Law Firm Notifies Digimarc Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - DMRC
DigimarcDigimarc(US:DMRC) Prnewswire·2025-03-17 09:45

Core Viewpoint - The Gross Law Firm is notifying shareholders of Digimarc Corporation regarding a class action lawsuit due to alleged misleading statements and omissions that negatively impacted the company's stock value [1][2]. Group 1: Allegations - The complaint alleges that during the class period from May 2, 2024, to February 26, 2025, Digimarc's defendants made materially false and misleading statements [2]. - Specific allegations include the failure to disclose that a significant commercial partner would not renew a large contract on the same terms, leading to a renegotiation of the contract [2]. - As a result of these issues, the company's subscription revenue and annual recurring revenue were adversely affected, contradicting the defendants' positive statements about the company's business and prospects [2]. Group 2: Class Action Details - Shareholders are encouraged to register for the class action by May 9, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered losses due to deceit, fraud, and illegal business practices [4]. - The firm is committed to ensuring companies engage in responsible business practices and good corporate citizenship [4]. - The firm seeks recovery for investors affected by false or misleading statements that led to artificial inflation of the company's stock [4].