#USA #New York #Class Action #Pomerantz #DoubleVerify

Investor Alert: Class Action Filed Against DoubleVerify Holdings, Inc.

On July 17, 2025, the Pomerantz Law Firm announced the initiation of a class action lawsuit against DoubleVerify Holdings, Inc. (NYSE: DV). This legal action comes as a response to significant allegations of securities fraud surrounding the company and its top executives. The firm encourages all investors who experienced losses due to their investments in DoubleVerify to reach out for potential inclusion in the case.

Case Details and Allegations

The lawsuit primarily focuses on claims that DoubleVerify, along with certain officers and/or directors, may have engaged in unlawful business practices leading to substantial financial losses for investors. Those who acquired shares during the designated class period and are considering their rights to be represented in the lawsuit must act quickly, as the deadline to appoint a Lead Plaintiff is set for July 21, 2025.

Indeed, since February 2024, DoubleVerify's stock has faced severe volatility fueled by a series of negative reports. On February 28, 2024, the company issued a disappointing revenue forecast for the first quarter, contributing to a remarkable drop of $8.35 per share—around 21.3% of its value—resulting in a closing price of $30.89. The underlying cause was attributed to an unexpectedly slow engagement from brand advertisers and newly signed large clients.

The company's situation worsened when they announced a reduction in the overall revenue prediction for 2024 on May 7, 2024. This was a consequence of customers tightening their advertising budgets, leading to a dramatic loss of $11.79 per share, or a staggering 38.6% decrease, bringing the stock price down to $18.78 the following trading day.

As further evidence of the company's deteriorating performance, DoubleVerify reported lower-than-anticipated fourth quarter results for 2024 on February 27, 2025, driven in part by a significant cut in customer spending. The firm revealed the adverse effect of the shift of advertising dollars from open exchanges toward more closed platforms, causing its stock to plummet by roughly 36%, settling at $13.90 on February 28, 2025.

To add to the unfolding distress, Adalytics Research, LLC presented a damning report on March 28, 2025, asserting that DoubleVerify's ad verification and fraud protection services were ineffective. Allegations surfaced that clients were being charged for ad impressions attributed to automated bot traffic originating from data centers, directly contradicting DoubleVerify’s assertions that it assists clients in avoiding such risks. Leading media outlets, including The Wall Street Journal, corroborated these claims, which amplified investor distrust.

Pomerantz Law Firm's Role

Pomerantz LLP, with its extensive history and reputation in securities and antitrust class litigation, is known for advocating for the rights of investors who fall victim to corporate malfeasance. Established by the late Abraham L. Pomerantz, the firm has successfully restored millions to class members and continues to operate in major cities worldwide. Investors impacted by the alleged fraud involving DoubleVerify are encouraged to visit Pomerantz's website for further details on the action and the process of joining the lawsuit.

For inquiries, shareholders should contact Danielle Peyton at the law firm via [email protected] or by calling 646-581-9980. It is advisable for those reaching out to include pertinent details such as mailing addresses, phone numbers, and the specifics of their share acquisitions.

In summary, the situation surrounding DoubleVerify Holdings, Inc. serves as a notable reminder of the volatility inherent in equity markets and the potential dangers posed by securities fraud. Investors impacted by these events should carefully consider their options moving forward.