#United States #New York #Class Action #Pomerantz LLP #DoubleVerify

Investor Alert: Class Action Lawsuit Against DoubleVerify Holdings

Pomerantz LLP, a leading law firm known for its expertise in corporate and securities litigation, has announced a significant development regarding DoubleVerify Holdings, Inc. (NYSE: DV). A class action lawsuit has been filed against the company, which has made headlines due to concerns over its business practices and financial disclosures. This article will provide a comprehensive overview of the situation and the implications for investors.

Background of the Lawsuit

DoubleVerify Holdings is a prominent player in the digital advertising space, offering services aimed at ensuring the validity of digital advertising campaigns. However, the lawsuit highlights potential misconduct by DoubleVerify and its officers or directors, particularly in relation to allegations of securities fraud. Investors who believe they may have suffered losses as a result of these actions are urged to reach out to Pomerantz LLP to explore their options.

Danielle Peyton, an attorney at Pomerantz, invites impacted individuals to provide their contact information and the number of shares they acquired during the class period. Investors have until July 21, 2025, to inform the court if they wish to be appointed as lead plaintiffs for the class action.

Timeline of Events

The accusations against DoubleVerify did not arise in a vacuum. A sequence of unfortunate disclosures raised red flags about the company's financial health:

• - February 28, 2024: DoubleVerify adjusted its revenue growth expectations downward for Q1 2024. This announcement stemmed from a sluggish start by brand advertisers and the slow onboarding of newly signed significant clients. As a consequence, the company's share price plummeted by 21.3%, closing at $30.89, a drop of $8.35 per share.

• - May 7, 2024: The company further reduced its revenue outlook for the entirety of 2024, attributing this to reduced advertising spending by clients. This resulted in an even steeper decline in the stock price, which fell by 38.6%, bringing it down to $18.78.

• - February 27, 2025: DoubleVerify reported disappointing sales and earnings for Q4 2024, revealing that diminished customer spending was influencing its performance. The firm’s shares dropped about 36%, closing at $13.90.

• - March 28, 2025: A report from Adalytics Research, LLC accused DoubleVerify of delivering ineffective advertisement verification services. It claimed the company was charging clients for ad impressions that were served to bots rather than real users. This echoed earlier reports that indicated DoubleVerify often failed to detect non-human traffic, contrary to its claims of protecting brands from such issues.

What Investors Should Do

Investors impacted by this series of unfortunate disclosures are advised to act promptly, especially considering the approaching deadline for the lead plaintiff application. Pomerantz LLP has established a strong reputation over its 85-year history for advocating for shareholders in cases of corporate misconduct, and they aim to continue this tradition with the DoubleVerify case.

Conclusion

The class action lawsuit against DoubleVerify Holdings, Inc. underscores a significant moment for investors who are encouraged to assert their rights. With Pomerantz LLP leading the charge, affected shareholders have a path forward to potentially recover losses incurred as a result of the alleged fraud. If you have been affected, consider reaching out to the firm before the July deadline and ensure your voice is heard in this critical issue affecting the digital marketing industry.

For more information, you may contact Pomerantz LLP directly via [email protected] or call 646-581-9980.