Workflow
The Gross Law Firm Notifies Shareholders of PubMatic, Inc. (PUBM) of a Class Action Lawsuit and an Upcoming Deadline
PubMaticPubMatic(US:PUBM) Prnewswireยท2025-09-04 12:45

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of PubMatic, Inc. regarding a class action lawsuit due to allegations of misleading statements and failure to disclose critical information during a specified class period [1]. Group 1: Allegations and Impact - The complaint alleges that during the class period from February 27, 2025, to August 11, 2025, PubMatic's defendants made materially false and misleading statements [1]. - A significant demand side platform buyer shifted clients to a new platform, leading to a reduction in ad spend and revenue for PubMatic [1]. - The positive statements made by the defendants about PubMatic's business and prospects were materially misleading and lacked a reasonable basis due to the aforementioned issues [1]. Group 2: Class Action Details - Shareholders who purchased shares of PUBM during the class period are encouraged to register for the class action, with a deadline set for October 20, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. - There is no cost or obligation for shareholders to participate in this case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].