DoubleVerify(US:DV) GlobeNewswire News Room·2025-05-27 12:30Core Viewpoint - A securities fraud class action lawsuit has been filed against DoubleVerify Holdings, Inc. for alleged misrepresentations regarding its services and billing practices, affecting investors who purchased shares between November 10, 2023, and February 27, 2025 [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of investors who acquired DoubleVerify common stock during the specified period [3]. - Allegations include violations of the Securities Exchange Act of 1934, with claims that the Company and certain senior officers made false statements about the effectiveness of its web advertisement verification and fraud protection services [4]. Group 2: Investor Participation - Investors wishing to serve as lead plaintiffs must file necessary documents by July 21, 2025, although participation as a lead plaintiff is not required to share in any potential recovery [5]. - All legal representation is provided on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [5]. Group 3: Law Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since its inception in 1993 and has a strong track record in class action litigation [6].