#United States #New York #Class Action #Securities Fraud #DoubleVerify

Attention DoubleVerify Holdings, Inc. Investors

Investors in DoubleVerify Holdings, Inc. (NYSE: DV) are being urged to connect with the law firm Levi & Korsinsky, LLP ahead of a critical date of July 21, 2025. This outreach is in reference to a class action lawsuit that has been filed concerning allegations of securities fraud that could impact the rights and recovery options for affected investors.

Background of the Case

The lawsuit aims to secure compensation for shareholders of DoubleVerify who faced financial losses due to purported misleading statements and concealed information regarding the company’s performance. These events are said to have transpired during a specified period from November 10, 2023, to February 27, 2025. Following legal protocols, investors are encouraged to act quickly to ensure they are considered for potential lead plaintiff status in the case.

Allegations Highlights

The complaint outlines several serious allegations against the management of DoubleVerify, indicating various inconsistencies in their public statements:
1. Ad Spend Shift: The firm is accused of not disclosing the shift of customer ad spending from open exchanges to closed platforms, which significantly limited the effectiveness of DoubleVerify’s technological solutions.
2. Reduced Monetization Potential: It is alleged that the company’s claims about their capabilities in activating services were overstated, particularly regarding the higher costs and timeframes involved in replicating their technology for closed platforms.
3. Competitive Disadvantage: Competitors in the space may have gained an edge in incorporating artificial intelligence into their service offerings, putting DoubleVerify in a challenging position that likely affected its financial outcomes.
4. Overbilling Practices: There are allegations that the company systematically overbilled customers for ad impressions, including those served to bots operating from specific data centers.
5. Misleading Risk Disclosures: Finally, the lawsuit accuses DoubleVerify of providing risk estimates that failed to reflect already realized negative developments, making it appear as though the firm's stability was more secure than it truly was.

What Investors Should Do

If you believe you have suffered financial loss during the period mentioned and want to engage with the lawsuit, reach out to the legal team at Levi & Korsinsky. They can be contacted via email at [email protected] or by phone at (212) 363-7500. If you intend to act as a lead plaintiff, it’s crucial to submit your request before the deadline of July 21, 2025.

No Costs Involved

Participation in this class action comes at no upfront costs for investors involved. If you're eligible, you may receive compensation from any court-ordered recovery without paying out of pocket for legal fees.

Why Levi & Korsinsky?

With a history spanning over two decades, Levi & Korsinsky has distinguished itself in the field of securities litigation, helping investors recover hundreds of millions of dollars. Their dedicated team specializes in complex cases and has been consistently recognized for their effectiveness and commitment to shareholder rights.

For further details, you can visit their website at www.zlk.com for more updates and resources regarding this important matter regarding DoubleVerify Holdings, Inc.