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Shareholders that lost money on DoubleVerify Holdings, Inc.(DV) should contact Levi & Korsinsky about pending Class Action - DV
DoubleVerifyDoubleVerify(US:DV) GlobeNewswire News Roomยท2025-07-08 19:45

Core Viewpoint - A class action securities lawsuit has been filed against DoubleVerify Holdings, Inc. alleging securities fraud that affected investors between November 10, 2023, and February 27, 2025 [1][2]. Case Details - The lawsuit claims that DoubleVerify's customers are shifting ad spending from open exchanges to closed platforms, where the company's technological capabilities are limited and face competition from native tools of platforms like Meta and Amazon [2]. - It is alleged that DoubleVerify's ability to monetize its Activation Services is constrained due to the high costs and time required for technology development for closed platforms [2]. - The complaint states that monetization of DoubleVerify's Activation Services on certain closed platforms could take several years [2]. - Competitors are reportedly better positioned to integrate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive stance and profitability [2]. - The lawsuit also alleges that DoubleVerify overbilled customers for ad impressions served to bots operating from known data centers [2]. - It is claimed that DoubleVerify's risk disclosures were misleading, presenting adverse facts as mere possibilities [2]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects are said to be materially false or misleading [2]. Next Steps - Investors who suffered losses in DoubleVerify Holdings, Inc. during the specified timeframe have until July 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Why Levi & Korsinsky - Levi & Korsinsky has a history of securing significant compensation for shareholders and has extensive experience in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the U.S. [4].