DV LAWSUIT ALERT: The Gross Law Firm Notifies DoubleVerify Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DoubleVerify Holdings, Inc. regarding a class action lawsuit alleging misleading statements and failure to disclose critical information during the class period from November 10, 2023, to February 27, 2025 [1] Allegations Summary - Allegations include that DoubleVerify's customers shifted ad spending to closed platforms, limiting the company's technological capabilities and competition with platforms like Meta and Amazon [1] - The company’s ability to monetize its Activation Services was hindered due to the high costs and time required for technology development for closed platforms [1] - It is claimed that monetization of Activation Services on certain closed platforms would take several years [1] - Competitors were better positioned to integrate AI into their offerings, negatively impacting DoubleVerify's competitive edge and profits [1] - DoubleVerify allegedly overbilled customers for ad impressions served to bots operating from known data centers [1] - The company's risk disclosures were misleading, presenting adverse facts as mere possibilities [1] - As a result, positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [1] Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 21, 2025, to participate in the case without any cost or obligation [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2] Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]