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PUBMATIC ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against PubMatic, Inc. and Encourages Investors to Contact the Firm
PubMaticPubMatic(US:PUBM) GlobeNewswire News Roomยท2025-08-21 14:30

Core Viewpoint - A class action lawsuit has been filed against PubMatic, Inc. for allegedly making materially false and misleading statements regarding its business operations and financial outlook during the specified Class Period from February 27, 2025, to August 11, 2025 [1][3]. Summary by Sections Class Action Lawsuit - The lawsuit is on behalf of all individuals and entities who purchased or acquired PubMatic securities during the Class Period [1]. - Investors have until October 20, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against PubMatic - The complaint alleges that PubMatic's management failed to disclose significant adverse facts, including a major DSP buyer shifting clients to a new platform, leading to reduced ad spend and revenue [3]. - The misleading statements made by the defendants about the company's business and prospects lacked a reasonable basis [3]. Financial Impact - On August 11, 2025, PubMatic reported a reduction in ad spend from a top DSP partner, which was disclosed by the CFO and CEO during the earnings call [4]. - Following this announcement, PubMatic's stock price dropped by $2.23, or 21.1%, closing at $8.34 per share on August 12, 2025, with unusually high trading volume [4].