Robbins LLP Reminds Investors With Large Losses to Contact the Law Firm for Information About the Class Action Lawsuit Against DoubleVerify Holdings, Inc.

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired DoubleVerify Holdings, Inc. common stock during a specified period, alleging that the company misled investors regarding its business prospects and financial performance [1][2]. Allegations - The lawsuit claims that DoubleVerify failed to disclose significant shifts in customer ad spending from open exchanges to closed platforms, where the company's capabilities were limited [2]. - It is alleged that the costs and time required to develop technology for closed platforms were significantly underestimated, impacting the monetization of DoubleVerify's Activation Services [2]. - The complaint states that competitors were better positioned to leverage AI in their offerings, adversely affecting DoubleVerify's competitive stance and profitability [2]. - DoubleVerify is accused of systematically overbilling customers for ad impressions served to bots, which raises concerns about the integrity of its billing practices [2]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, as they downplayed already realized adverse facts [2]. Impact of Disclosure - The truth about DoubleVerify's business challenges was revealed on February 27, 2025, when the company reported lower-than-expected sales and earnings, leading to a significant stock price drop of $7.83 per share, or 36%, from $21.73 to $13.90 [3]. Next Steps for Shareholders - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by July 15, 2025, although participation is not required to be eligible for recovery [4]. Company Background - Robbins LLP has been recognized for its efforts in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].