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Lawsuit Alert: Investors who lost money with DoubleVerify Holdings, Inc. (NYSE: DV) should contact the Shareholders Foundation
DoubleVerifyDoubleVerify(US:DV) Prnewswireยท2025-08-13 14:50

Core Viewpoint - A lawsuit has been filed against DoubleVerify Holdings, Inc. by an investor, alleging violations of securities laws related to undisclosed shifts in customer ad spending and the company's competitive position in the market [2]. Group 1: Lawsuit Details - The lawsuit claims that DoubleVerify failed to disclose that its customers were moving ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited [2]. - It is alleged that the development of technology for closed platforms was significantly more expensive and time-consuming than disclosed, impacting the monetization of DoubleVerify's high-margin Activation Services [2]. - The plaintiff argues that DoubleVerify's competitors are better positioned to incorporate AI into their offerings on closed platforms, adversely affecting the company's profits and competitive ability [2]. Group 2: Financial Implications - The lawsuit states that DoubleVerify systematically overbilled customers for ad impressions served to declared bots, which raises concerns about the accuracy of the company's financial disclosures [2]. - The risk disclosures provided by DoubleVerify were characterized as materially false and misleading, as they presented adverse facts as mere possibilities [2]. - As a result of these allegations, the positive statements made by DoubleVerify regarding its business operations and prospects are claimed to be materially false or misleading [2].