PubMatic(US:PUBM) Prnewswire·2025-09-25 12:45Core 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 significant changes affecting the company's revenue and operations [1]. Group 1: Allegations and Impact - The complaint alleges that during the class period from February 27, 2025, to August 11, 2025, PubMatic's management made materially false and misleading statements [1]. - A top demand side platform buyer shifted a significant number of clients to a new platform, which evaluated inventory differently, leading to a reduction in ad spend and revenue for PubMatic [1]. - As a result of these changes, the positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading and lacked a reasonable basis [1]. Group 2: Class Action Details - Shareholders who purchased shares of PUBM during the specified class period are encouraged to register for the class action, with a deadline set for October 20, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates 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 who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses from misleading statements or omissions that led to artificial inflation of stock prices [3].