#USA #New York #Securities Fraud #Pomerantz LLP #The Trade Desk

Investor Alert: Class Action Lawsuit Against The Trade Desk

On March 17, 2025, Pomerantz LLP, a prominent law firm based in New York, announced the initiation of a class action lawsuit against The Trade Desk, Inc. (NASDAQ: TTD). This legal action arises from allegations of securities fraud linked to the company's business practices.

Background of The Trade Desk

The Trade Desk is a well-known technology company that specializes in digital advertising. In recent months, the firm has faced scrutiny due to disappointing financial results and the performance of its new ad-buying platform, Kokai. On February 12, 2025, Trade Desk reported lower-than-expected revenues for the fourth quarter of 2024, leading to a stock price decline of nearly 33% the following day. Analysts had anticipated a revenue of $756 million, but the company reported only $741 million. Furthermore, for the first quarter of 2025, the revenue guidance was set at $575 million, which also fell short of market expectations.

Key Allegations

The class action lawsuit claims that The Trade Desk, along with certain officers and directors, may have engaged in unlawful business practices, potentially misleading investors about the company's financial health and the rollout of its new platform, Kokai. CEO Jeffrey Green had acknowledged that the implementation of Kokai has been slower than anticipated, which has contributed to operational delays and impacted growth projections. These admissions have raised concerns among investors about the company's transparency and governance practices.

Investors' Rights and Next Steps

Investors who purchased or acquired TTD securities during the affected period are encouraged to engage with Pomerantz LLP to inquire about their rights in this class action suit. Those interested must act before the deadline of April 21, 2025, to be considered for the role of Lead Plaintiff by the court. Potential plaintiffs should provide their mailing address, phone number, and the number of shares they purchased in their communications with the law firm.

The Role of Pomerantz LLP

Pomerantz LLP has a long-standing reputation for representing victims of corporate misconduct in securities class actions. Founded over 85 years ago, the firm has a strong track record of recovering damages for investors harmed by securities fraud and breaches of fiduciary duties. Its experience and established practice in class action litigation position it as a formidable advocate for aggrieved shareholders.

For those affected by The Trade Desk's recent financial disclosures and seeking to join this legal action, more information can be accessed at Pomerantz Law Firm's website.

Conclusion

This class action reflects broader concerns about transparency and accountability in the tech industry, particularly as firms navigate complex operating environments. Investors are reminded to stay informed about their rights and consider the implications of corporate disclosures on their investments. As the situation develops, focusing on regulatory compliance and corporate governance will be essential for companies like The Trade Desk to rebuild investor trust.

For further inquiries and support, investors can reach out to Danielle Peyton at Pomerantz LLP at 646-581-9980 or via email at [email protected].