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DIGIMARC ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Digimarc Corporation and Encourages Investors to Contact the Firm
DigimarcDigimarc(US:DMRC) Globenewswireยท2025-03-20 01:00

Core Viewpoint - A class action lawsuit has been filed against Digimarc Corporation for allegedly making false and misleading statements regarding its business operations and financial prospects during the specified class period [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York on behalf of all individuals and entities who purchased Digimarc securities between May 2, 2024, and February 26, 2025 [1]. - Investors have until May 9, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against Digimarc - The Complaint alleges that Digimarc's management failed to disclose critical information, including: 1. A significant commercial partner would not renew a large contract on the same terms [3]. 2. Digimarc would need to renegotiate this large commercial contract [3]. 3. The company's subscription revenue and annual recurring revenue would be negatively impacted as a result [3]. 4. Positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [3].