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TTD Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against The Trade Desk, Inc. (TTD)
TTDThe Trade Desk(TTD) GlobeNewswire News Room·2025-04-02 21:32

Core Viewpoint - A securities class action lawsuit has 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 - The lawsuit claims that The Trade Desk faced significant execution challenges in transitioning clients from its older platform, Solimar, to the new Kokai platform [2]. - These execution challenges reportedly delayed the Kokai rollout and negatively impacted the company's business operations and revenue growth [2]. - The defendants are accused of making positive statements about the company's prospects that were materially misleading and lacked a reasonable basis [2]. Group 2: Lead Plaintiff Process - Investors in The Trade Desk have until April 21, 2025, to seek appointment as a lead plaintiff representative for the class [3]. - A lead plaintiff acts on behalf of all class members and typically is 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].