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Class Action Notice for DoubleVerify Holdings, Inc. Investors

Levi & Korsinsky, LLP has issued a crucial notification for investors in DoubleVerify Holdings, Inc. (NYSE: DV). If you have suffered losses while holding shares from November 10, 2023, to February 27, 2025, you may be eligible to join a class action lawsuit seeking compensation for alleged securities fraud.

Understanding the Allegations

The class action aims to address several misleading practices by DoubleVerify’s management and to recover the losses incurred by investors. Key allegations include:

• - False Statements: The defendants are accused of making misleading statements about the company’s operations.
• - Customer Shifts: The lawsuit claims that customers transitioned their advertising funds from open exchanges to closed platforms. Unfortunately, DoubleVerify’s capabilities were inadequate for these closed platforms, which directly affected its profitability.
• - Monetization Issues: There were claims that the company’s model for monetizing its Activation Services was much costlier and more time-consuming than disclosed.
• - Competitive Disadvantage: DoubleVerify faced significant hurdles in integrating AI into its operations, putting it at a competitive disadvantage against rivals who were more successful.
• - Overbilling Practices: It is alleged that the company overcharged customers for ad impressions, specifically those involving bots operating from recognized data center farms.
• - Misleading Risk Disclosures: The company’s disclosures were allegedly false, as they presented material risks as mere possibilities, which misrepresented the health of the business.

These allegations suggest that the management's optimistic statements about the company’s current operations and future prospects were unfounded, leading to significant investor losses.

Next Steps for Investors

Affected investors have until July 21, 2025, to request to be appointed as lead plaintiffs. Notably, participation in compensation claims does not require one to be a lead plaintiff, allowing more investors to participate.

For those interested, Levi & Korsinsky has made it clear that there are no out-of-pocket costs associated with participating in the class action lawsuit. If you qualify, you may be entitled to compensation without incurring any financial risk.

Why Choose Levi & Korsinsky?

With two decades of experience in securing hundreds of millions of dollars for shareholders, Levi & Korsinsky is recognized for representing clients in complex securities litigation. The firm employs over 70 professionals and is notably ranked among the top securities litigation firms in the United States.

Individuals interested in joining the action or seeking more information can contact Joseph E. Levi, Esq. through email at [email protected] or call (212) 363-7500. You can also fill out a submission form provided through their official website.

Conclusion

This lawsuit presents a unique opportunity for DoubleVerify Holdings, Inc. investors to recoup losses stemming from alleged mismanagement and misleading practices. Don't miss the deadline on July 21, 2025, to protect your rights as an investor.