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SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DoubleVerify
DoubleVerifyDoubleVerify(US:DV) GlobeNewswire News Roomยท2025-07-06 11:20

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against DoubleVerify Holdings, Inc. due to allegations of misleading statements and failure to disclose critical information that negatively impacted investors [3][5]. Group 1: Allegations Against DoubleVerify - The complaint alleges that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited [5]. - It is claimed that DoubleVerify's ability to monetize its high-margin Activation Services was constrained due to the expensive and time-consuming development of technology for closed platforms [5]. - The complaint states that DoubleVerify's competitors were better positioned to incorporate AI into their offerings, adversely affecting the company's profits [5]. Group 2: Impact of Allegations - The truth about DoubleVerify's performance 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% [6]. - The decline in stock price was attributed to reduced customer spending and the suspension of services by a large customer, alongside the shift of ad dollars negatively impacting the company [6]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $75,000 between November 10, 2023, and February 27, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1]. - There is a deadline of July 21, 2025, for investors to seek the role of lead plaintiff in the federal securities class action against DoubleVerify [3][7].