#United States #New York #Class Action #The Gross Law Firm #DoubleVerify Holdings

Urgent Notice for DoubleVerify Holdings, Inc. Shareholders

Investors who have incurred losses from their investment in DoubleVerify Holdings, Inc. (NYSE: DV) are urged to take decisive action. The Gross Law Firm has issued a public notice advising shareholders to contact them regarding an ongoing class action lawsuit related to the company's performance during a specific period.

Details of the Class Action

The litigation targets shareholders who acquired shares of DV between November 10, 2023, and February 27, 2025. The lawsuit alleges that DoubleVerify provided misleading statements regarding its business practices, which have led to significant investor losses. Given the firm's reputation for addressing shareholder grievances, this notice should not be overlooked.

Allegations Against DoubleVerify

The key allegations in the complaint highlight several critical issues:
1. Shift in Ad Spending: It is claimed that customers began reallocating their ad expenditures from open exchanges to closed platforms, where DoubleVerify's capabilities were reportedly inadequate.
2. Monetization Challenges: The development costs associated with adapting to these closed platforms were portrayed as more burdensome than previously suggested.
3. Delayed Revenue: Accusations indicate that certain services promised by DoubleVerify would take considerable time to yield profits, contrary to what was communicated to investors.
4. Competitive Disadvantages: The firm could not effectively compete against rivals who were better positioned to leverage AI technologies on closed platforms.
5. Overbilling Practices: DoubleVerify was allegedly involved in systemic overcharging for ad impressions linked to known bots operating from specific data centers.
6. Misleading Risk Disclosures: The company's risk disclosures may have misleadingly characterized existing adverse situations as potential risks.
7. Misrepresentation of Financial Status: The allegations detail that the optimistic statements made about the company's outlook were unfounded and lacked a basis in reality, which contributed to inflated stock prices.

Key Deadlines and Next Steps

Shareholders are encouraged to register for the class action by July 21, 2025. Taking this step is crucial for those looking to recover losses from the alleged misleading practices of DoubleVerify. Interested parties can find further information and register through The Gross Law Firm’s website.

What Registration Entails

After registration, shareholders will gain access to a portfolio monitoring software that will provide updates on the case's progression. It's essential to act promptly to ensure inclusion in any potential recovery. Notably, becoming a lead plaintiff is not a prerequisite for participating in the class action.

Why Choose The Gross Law Firm?

Known for its dedication to protecting investor rights, The Gross Law Firm focuses on cases involving deceit, fraud, and illegal business practices. The firm is committed to advocating for investors who have suffered losses, particularly those stemming from companies that have disseminated false or misleading information.

Contact Information

For those wishing to inquire further or get involved, The Gross Law Firm can be reached at:

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

Investors are strongly encouraged to act swiftly to register their interest and safeguard their rights. The firm is currently accepting submissions and is ready to assist shareholders in navigating this complex situation. Don’t miss your chance to be a part of this critical legal action aimed at recovering losses incurred due to alleged misrepresentations by DoubleVerify Holdings, Inc.