Pomerantz Law Firm Warns Investors of Class Action Against The Trade Desk

Pomerantz Law Firm Warns Investors of Class Action Against The Trade Desk – Key Dates Ahead

Investor Alert: Class Action Lawsuit Filed Against The Trade Desk

In recent developments, Pomerantz LLP has formally announced a class action lawsuit against The Trade Desk, which is publicly traded under the ticker symbol TTD on NASDAQ. This legal action arises from allegations that the company and certain officers may have engaged in securities fraud and other unlawful business practices.

Background Information

The Trade Desk is known for its advertising technology platform and has been a notable player in the digital advertising space. However, the company faced scrutiny following disappointing earnings reports. On February 12, 2025, TTD released its financial results for the fourth quarter and the entire year of 2024. The reported revenue of $741 million was substantially below the company’s own projections of $756 million and fell short of analysts' expectations of $759.8 million.

CEO Jeffrey Green addressed investor concerns during a related earnings call by admitting the slower-than-expected adoption of their ad-buying platform, Kokai. During this call, he commented on the operational difficulties faced by the company, stating that both the older Solimar platform and the new Kokai system were being utilized, thereby affecting operational efficiency. When pressed about the rollout of Kokai, Green acknowledged its slower pace and reflected on deliberate decisions made that contributed to this delay.

The spillover effects of these revelations were immediate and serious; the company’s stock fell sharply by 32.98% the day following the announcement, from $122.23 to $81.92 per share.

What Investors Should Do

The Pomerantz Law Firm is reaching out to investors who experienced financial losses during this turbulent period. If you acquired The Trade Desk securities during the class action period, it may be advisable to take immediate action. Investors have until April 21, 2025, to apply to serve as the Lead Plaintiff in this class action lawsuit. Interested parties are encouraged to reach out to Pomerantz LLP via email at [email protected], or call 646-581-9980, toll-free at 888.4-POMLAW (Ext. 7980). When contacting, it’s best to include your mailing address, telephone number, and the number of shares you purchased.

Those affected can also review the Class Action Complaint available through the Pomerantz Law Firm's website at www.pomerantzlaw.com.

The Significance of Class Actions

Pomerantz LLP is heralded as a top-tier law firm specializing in corporate, securities, and antitrust class actions. Founded by Abraham L. Pomerantz, a pioneer in the class action arena, the firm has worked tirelessly for over 85 years to secure justice for victims of corporate misconduct. They have successfully recovered millions in damages for class members, setting an industry standard in holding corporations accountable.

Class action lawsuits play a critical role in the financial landscape by giving a voice to many smaller shareholders who may otherwise feel powerless against larger institutional players. It also serves to discourage corporate malfeasance, promoting greater transparency in the financial markets.

As the lawsuit progresses, further information will become available to shareholders. Continuous monitoring of the situation is crucial for all investors. Stay alert to your rights and the deadlines that may affect your investment recovery options as this case unfolds in the coming months.

In summary, if you were impacted by the downturn in The Trade Desk's stock and believe you may be eligible to join this class action, don’t hesitate to contact Pomerantz LLP for guidance and support as they navigate this considerable legal challenge.