Core 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 lawsuit claims that during the class period from May 9, 2024, to February 12, 2025, The Trade Desk encountered 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 reportedly delayed the rollout of Kokai, adversely affecting the company's business operations and revenue growth [1]. - As a result of these issues, 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 The Trade Desk 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 receive updates through a portfolio monitoring software regarding the status of the case [2]. - There is no cost or obligation for shareholders to participate in this class action [2].
Class Action Filed Against The Trade Desk, Inc. (TTD) - April 21, 2025 Deadline to Join - Contact The Gross Law Firm