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Are you a PUBM Stockholder? If You Suffered Significant Losses, You Should Contact Robbins LLP for Information About Leading the Securities Fraud Class Action Against PubMatic, Inc.
PubMaticPubMatic(US:PUBM) Prnewswireยท2025-09-08 23:20

Core Viewpoint - A class action lawsuit has been filed against PubMatic, Inc. for allegedly misleading investors about its business prospects during a specific period, leading to a significant drop in stock price following the release of disappointing financial results [1][2][3]. Group 1: Allegations and Impact - The lawsuit claims that PubMatic failed to disclose that a major demand-side platform (DSP) buyer was transitioning clients to a new platform, which affected ad spend and revenue [2]. - On August 11, 2025, PubMatic reported a reduction in ad spend from one of its top DSP partners, which was attributed to the shift in client evaluation methods [3]. - Following the announcement, PubMatic's stock price fell by $2.23, or 21.1%, closing at $8.34 per share on August 12, 2025 [3]. Group 2: Legal Proceedings - Shareholders interested in participating as lead plaintiffs in the class action must submit their papers by October 20, 2025 [4]. - The lead plaintiff will represent other class members in directing the litigation, although participation is not required for recovery [4]. Group 3: Company Background - Robbins LLP is a law firm specializing in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].