PubMatic(US:PUBM) Globenewswireยท2025-09-29 21:52Core Points - A class action lawsuit has been filed against PubMatic, Inc. for allegedly making materially false and misleading statements during the Class Period from February 27, 2025, to August 11, 2025 [2][7] - Investors have until October 20, 2025, to apply to be appointed as lead plaintiff in the lawsuit [2] Allegation Details - The lawsuit claims that PubMatic failed to disclose significant adverse facts, including a top DSP buyer shifting clients to a new platform, leading to reduced ad spend and revenue [7] - The company's positive statements regarding its business operations were allegedly misleading due to these undisclosed issues [7] Financial Impact - Following the release of its second quarter 2025 financial report on August 11, 2025, which revealed a reduction in ad spend from a top DSP partner, PubMatic's stock price fell by $2.23, or 21.1%, closing at $8.34 per share on August 12, 2025 [7]