The Trade Desk(US:TTD) Prnewswire·2025-03-27 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]. Allegations - The lawsuit claims 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 difficulties in transitioning clients from the older platform, Solimar [1]. - These execution challenges delayed the rollout of Kokai, negatively impacting the company's business operations and revenue growth [1]. - The positive statements made by the company regarding its business and prospects were allegedly materially false and misleading due to the aforementioned issues [1]. Next Steps for Shareholders - Shareholders who purchased shares of TTD during the specified class period are encouraged to register for the class action by April 21, 2025, to potentially be appointed as lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. 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 losses due to deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflated stock prices [3].