Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DoubleVerify Holdings, Inc. (DV)

Core Viewpoint - A securities class action lawsuit has been filed against DoubleVerify Holdings, Inc. for allegedly making false and misleading statements regarding its business operations and financial performance during the class period from November 10, 2023, to February 27, 2025 [1] Group 1: Allegations Against the Company - The lawsuit claims that the company's customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's technological capabilities were limited [2] - It is alleged that the company's ability to monetize its high-margin Activation Services was constrained due to the high costs and time required for technology development for closed platforms [2] - The complaint states that monetization of Activation Services on certain closed platforms would take several years, contrary to what was disclosed to investors [2] - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive stance and profitability [2] - The company is accused of systematically overbilling customers for ad impressions served to declared bots operating from known data center server farms [2] - The risk disclosures provided by the company were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2] - As a result of these issues, the positive statements made by the company regarding its business and prospects were deemed materially false or misleading [2] Group 2: Investor Information - Investors who acquired shares of DoubleVerify are encouraged to contact the law firm before the lead plaintiff motion deadline of July 15, 2025 [3]