Lost Money on DoubleVerify Holdings, Inc.(DV)? Join Class Action Suit Seeking Recovery

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DoubleVerify Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from November 10, 2023, to February 27, 2025 [1][3]. Allegations - Allegations include that DoubleVerify's customers shifted ad spending to closed platforms, limiting the company's technological capabilities and competing with tools from Meta Platforms and Amazon [3]. - The complaint states that the monetization of DoubleVerify's Activation Services was hindered by the high costs and time required for technology development for closed platforms [3]. - It is claimed that monetization of these services would take several years, and competitors were better positioned to integrate AI, negatively impacting DoubleVerify's competitiveness and profits [3]. - The company allegedly overbilled customers for ad impressions served to bots, and its risk disclosures were misleading, presenting adverse facts as mere possibilities [3]. - As a result, the positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by the deadline of July 21, 2025, to participate in the case without any cost or obligation [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Law Firm Background - The Gross Law Firm is recognized nationally for class action lawsuits, focusing on protecting investors from deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].