#United States #New York #Class Action #Gross Law Firm #DoubleVerify Holdings

Urgent Alert: Class Action Lawsuit Overview for DoubleVerify Holdings Investors

The Gross Law Firm has formally reached out to shareholders of DoubleVerify Holdings, Inc. (NYSE: DV) with crucial updates pertaining to a class action lawsuit. This lawsuit is primarily directed at safeguarding the interests of investors who purchased shares of DoubleVerify during a specific timeframe when significant issues within the company went unaddressed. Below we provide an overview of what shareholders need to know.

Class Period and Allegations

The class period specified in the notice spans from November 10, 2023, to February 27, 2025. Shareholders who bought shares during this period are strongly encouraged to make contact with the Gross Law Firm regarding potential lead plaintiff appointment. Notably, taking on the role of a lead plaintiff is not a requirement for participating in any recovery from this lawsuit.

The allegations presented in the lawsuit are serious. It asserts that during the class period, the defendants made materially false or misleading statements regarding the company's business practices. Some key points of concern include:
1. Customer Shifts: There is a significant claim that DoubleVerify's clients have been moving their ad spending from open exchanges to closed platforms. This shift limits DoubleVerify's engagement on platforms where they are directly competing with tools from tech giants like Meta Platforms and Amazon.
2. Monetization Challenges: Another allegation suggests that DoubleVerify's capacity to monetize its Activation Services has been overstated. The complaint points out that the development of technology for closed platforms is considerably more costly and time-consuming than previously conveyed to the investing public.
3. Competitive Disadvantages: It also mentions that DoubleVerify's competitors are in a better position to adapt artificial intelligence in their offerings on closed platforms. This factor is believed to hinder DoubleVerify's competitive edge, consequently impacting company profits.
4. Systematic Overbilling: The firm claims that DoubleVerify has overbilled clients for ad impressions served to confirmed bots operating from specific data center server farms.
5. Misleading Disclosures: The risk disclosures from DoubleVerify have been criticized as materially misleading, portraying negative aspects that had already come to fruition as mere possibilities.

These allegations suggest a broader landscape of misleading assertions about the company's operational integrity and market performance.

Important Dates

Investors need to be aware that the deadline to register for this class action is July 21, 2025. It is imperative that shareholders who purchased shares during the relevant period register their information without delay. Registration can be completed through the link provided in the notice.

Once registered, shareholders will gain access to portfolio monitoring software that will keep them updated on the progress of the case throughout its duration, ensuring that they remain informed.

Why Choose Gross Law Firm?

The Gross Law Firm is recognized nationally for its class action litigation and is committed to protecting investor rights against fraud and deceit in the financial markets. The firm strives to ensure corporate accountability and ethical business practices. They aim for restitution on behalf of investors who faced losses due to false or misleading declarations from companies that artificially inflated their stock prices.

If you are a shareholder of DoubleVerify, this is a pivotal time to act. Ensure your voice is heard and safeguard your investment interests by reaching out to the Gross Law Firm today. This lawsuit presents an essential opportunity for shareholders affected by potential corporate misconduct to seek justice.

For assistance, feel free to contact the Gross Law Firm at their New York office:

• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Stay informed and take proactive steps to protect your investments. Time is of the essence with the approaching deadline for lead plaintiff nominations on July 21, 2025.