The Trade Desk(TTD) Prnewswire·2025-03-20 09:45Core 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, and its impact on the company's business operations and revenue growth [1][2]. Group 1: Allegations and Impact - The complaint alleges that during the class period from May 9, 2024, to February 12, 2025, The Trade Desk experienced significant execution challenges in rolling out its AI tool, Kokai, which included transitioning clients from the older platform, Solimar [1]. - These execution challenges delayed the Kokai rollout, negatively impacting the company's business operations and revenue growth [1]. - As a result, the positive statements made by the company regarding its business and prospects were deemed materially false and misleading [1]. Group 2: Class Action Details - Shareholders who purchased shares of TTD during the specified class period are encouraged to register for the class action, with a deadline set for April 21, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2]. - There is no cost or obligation for shareholders to participate in this case [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses from misleading statements or omissions that led to artificial inflation of stock prices [3].