DoubleVerify Holdings faces allegations of false and misleading statements.

The Gross Law Firm is seeking shareholders of DoubleVerify Holdings, Inc. who purchased shares between November 10, 2023 and February 27, 2025. The law firm alleges that the company issued misleading statements regarding customer ad spending shifts and limited technological capabilities on closed platforms. Shareholders are encouraged to contact the firm for possible lead plaintiff appointment.

DoubleVerify Holdings, Inc. shareholders who purchased shares between November 10, 2023 and February 27, 2025 are encouraged to contact the Gross Law Firm regarding a potential lead plaintiff appointment in an ongoing securities fraud lawsuit. The law firm alleges that the company issued misleading statements about customer ad spending shifts and limited technological capabilities on closed platforms during this period.

The lawsuit, filed by the Gross Law Firm, claims that DoubleVerify made materially false and misleading statements or failed to disclose critical information. These include the company's customers shifting ad spending from open exchanges to closed platforms, where its technological capabilities were limited and competed directly with native tools provided by platforms like Meta Platforms and Amazon. Additionally, the complaint alleges that DoubleVerify's ability to monetize its Activation Services was limited because the development of its technology for closed platforms was significantly more expensive and time-consuming than disclosed to investors. Furthermore, it is alleged that DoubleVerify's Activation Services in connection with certain closed platforms would take several years to monetize, and that competitors were better positioned to incorporate AI into their offerings on closed platforms, impairing DoubleVerify's ability to compete effectively.

The Gross Law Firm has issued a notice to shareholders, reminding them of the July 21, 2025 lead plaintiff deadline. Shareholders who purchased shares during the specified period are encouraged to register for the class action. Until a class is certified, shareholders are not represented by counsel unless they retain one. Shareholders can select counsel of their choice or take no action and remain an absent member of the class action.

For more information or to register for the class action, shareholders are encouraged to contact the Gross Law Firm. The firm has issued a notice to shareholders, reminding them of the July 21, 2025 lead plaintiff deadline. Shareholders who purchased shares during the specified period are encouraged to register for the class action.

References:
[1] https://www.ainvest.com/news/doubleverify-holdings-misled-investors-customer-ad-spending-shifts-2507/
[2] https://www.prnewswire.com/news-releases/doubleverify-deadline-dv-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-doubleverify-holdings-inc-securities-fraud-lawsuit-302503396.html
[3] https://www.marketscreener.com/quote/stock/DOUBLEVERIFY-HOLDINGS-INC-121662824/news/DoubleVerify-Holdings-Inc-DV-Investors-Who-Lost-Money-Have-Opportunity-to-Lead-Securities-Fraud-50449375/