#USA #New York #Class Action #Gross Law Firm #DoubleVerify

Important Alert for DoubleVerify Shareholders

Shareholders of DoubleVerify Holdings, Inc., trading on the NYSE as DV, are urgently advised to connect with the Gross Law Firm before the deadline of July 21, 2025. This notification is crucial for individuals who purchased shares of DoubleVerify during the specified class period, which spans from November 10, 2023, to February 27, 2025.

Background Details

The Gross Law Firm has issued a call to action, encouraging shareholders to consider their rights and potential claims. Those who are interested in pursuing a lead plaintiff status should make contact, although it's important to note that being appointed as a lead plaintiff is not a requirement to be part of any recovery. The law firm provides a link for shareholders to register and submit their information, ensuring they are kept informed throughout the lifecycle of the case.

Allegations Made

The associated complaint states that multiple misleading statements and failures to disclose pertinent information were made by the defendants during the class period. Specifically, shareholders should be aware of several allegations:

1. Ad Spending Shift: Customers of DoubleVerify were allegedly diverting advertising budgets from open exchanges to closed platforms, limiting the company's ability to compete effectively.
2. Monetization Challenges: There were claims that DoubleVerify faced significant hurdles in monetizing their Activation Services due to increased costs associated with adapting their technology for closed platforms.
3. Competitor Advantages: Competitors were reportedly better equipped to leverage artificial intelligence within their offerings on these closed platforms, further diminishing DoubleVerify's market positions.
4. Overbilling Practices: Reports claim that DoubleVerify was systematically overcharging customers for ad impressions that were served to known bots, compromising trust and financial integrity with their clientele.
5. Misleading Risk Disclosures: The company’s disclosures regarding risks were said to be materially false and misleading, presenting previously realized adverse facts as mere possibilities.

These issues have incited significant concerns regarding the accuracy of DoubleVerify's public portrayal of its business and financial prospects, suggesting that earlier positive statements lacked a reasonable foundation.

Next Steps for Shareholders

As a shareholder of DoubleVerify, it is essential to act promptly by registering your information with the Gross Law Firm through the designated form. Following registration, you’ll be enrolled in the firm’s monitoring service, providing updates as the case progresses. The registration process is free of charge, with no obligation for participation.

Why Choose The Gross Law Firm?

The Gross Law Firm specializes in representing investors impacted by fraudulent practices, illegal conduct, or deception. Their commitment to investor rights stems from a broader mission to ensure transparency and accountability within public companies. They actively pursue recoveries for investors who have suffered losses attributed to misleading information or dishonest business conduct.

Contact Information

For shareholders who wish to connect, the Gross Law Firm is readily accessible at their New York City office. Here are the pertinent contact details:

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

Failing to take action before the July 21, 2025 deadline may limit your rights in this serious matter. Thus, shareholders are encouraged to act quickly and preserve their rights.

Conclusion

In conclusion, if you are a DoubleVerify Holdings, Inc. shareholder, it is imperative to engage with the Gross Law Firm before the upcoming deadline. This opportunity may be pivotal to securing your rights and potential recoveries related to your investment in DoubleVerify.