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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 20, 2025 in PubMatic, Inc. Lawsuit โ PUBM
Globenewswireยท 2025-09-29 20:18
Core Viewpoint - The Gross Law Firm is notifying shareholders of PubMatic, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions that affected the company's stock value during a specified period [1][3]. Group 1: Allegations - 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 [3]. - A significant demand side platform buyer shifted clients to a new platform, leading to a reduction in ad spend and revenue for PubMatic [3]. - The positive statements made by the defendants about PubMatic's business and prospects were misleading and lacked a reasonable basis due to the aforementioned issues [3]. 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 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].