#USA #New York #Class Action #Pomerantz LLP #The Trade Desk

Investor Alert: Class Action Against The Trade Desk

On March 31, 2025, Pomerantz LLP, a renowned class-action law firm, announced the initiation of a class action lawsuit aimed at The Trade Desk, Inc. This legal action comes in response to allegations concerning securities fraud and unlawful business practices by the company and its top executives. The Trade Desk's stock, which is traded on the NASDAQ under the ticker symbol TTD, has witnessed significant fluctuations recently, particularly following disappointing financial disclosures by the company.

The Allegations

The class action lawsuit specifically addresses claims that The Trade Desk and certain officers failed to accurately represent the company's operational and financial status. Investors who suffered losses due to these alleged misrepresentations are encouraged to take action. Those who purchased The Trade Desk securities during the specified class period, and believe they may have been affected, have until April 21, 2025, to apply to be named as a Lead Plaintiff in this case.

Recent Financial Disclosures

The root of the class action lawsuit stems from Trade Desk's announcement on February 12, 2025, regarding its financial results for the fourth quarter and the full year of 2024. The company reported fourth-quarter revenues of $741 million, which fell short of both their prior guidance and analyst expectations. The expected revenue guidance of at least $575 million for the first quarter of 2025 also did not meet analyst estimates. This news prompted immediate reactions from investors, resulting in a sharp decline of 32.98% in the stock price of The Trade Desk, closing at $81.92 on February 13, 2025.

Executive Statements

In an earnings call conducted the same day, CEO Jeffrey Green acknowledged issues with the rollout of the company’s new ad-buying platform, Kokai. Green stated that the dual operation of the older platform Solimar alongside Kokai has impeded their growth and rollout pace. This acknowledgement raised further concerns among analysts and investors regarding the company’s capacity to deliver on its promises. Green’s admission that the rollout was slower than planned has added a layer of scrutiny to the company’s operational strategies and has played a significant role in the vehicle of this lawsuit.

Next Steps for Affected Investors

Investors who believe they may have been impacted by the events surrounding The Trade Desk are urged to reach out to Pomerantz LLP. The firm advises potential plaintiffs to provide essential details such as their mailing address, phone number, and the number of shares acquired during the class period. A copy of the complaint can be accessed through the Pomerantz Law Firm website as well.

About Pomerantz LLP

Founded by Abraham L. Pomerantz, who is recognized as a pioneer in securities class action litigation, Pomerantz LLP has a history of advocating for victims of securities fraud and corporate misconduct for over 85 years. With offices spanning major cities worldwide including New York, Chicago, and London, the firm has recovered substantial damages on behalf of its clientele. As this latest lawsuit unfolds, affected investors wait to see how the court will rule on these current allegations against The Trade Desk.

Investors are advised to be diligent and to proceed with caution, ensuring they monitor the deadlines regarding their rights to participate in the class action. For more detailed information on taking part in this lawsuit, interested parties may contact the firm directly.

Pomerantz LLP’s advocacy continues to shed light on corporate accountability, rebuilding trust in securities markets and enabling investors to pursue justice for their losses effectively.