#United States #Securities Fraud #Bensalem #Howard G. Smith #DoubleVerify

DoubleVerify Holdings, Inc. Investors' Legal Opportunity

Investors who have suffered significant losses due to their involvement with DoubleVerify Holdings, Inc. now have an opportunity to take action. The Law Offices of Howard G. Smith has announced that those affected can lead a class action lawsuit focused on securities fraud against the company, which is traded on the NYSE under the ticker symbol DV.

The law firm is urging investors to contact them before the deadline of July 21, 2025, as this is the date by which potential lead plaintiffs must come forward.

What is the Lawsuit About?

The lawsuit stems from allegations that between November 10, 2023, and February 27, 2025, DoubleVerify did not adequately inform its investors about significant changes affecting its business. Key claims include:

1. Misleading Customer Trends: DoubleVerify’s clients began shifting their advertising budgets from open exchanges to closed platforms. These closed platforms pose limitations for DoubleVerify’s technology, making it harder for the company to compete with efficient, native tools offered by giants like Meta Platforms and Amazon.

2. High Development Costs: The technological advancements needed for stable service on these closed platforms came with increased costs and longer development times than were communicated to investors.

3. Delayed Monetization: The anticipated revenue from DoubleVerify’s Activation Services, associated with some closed platforms, is projected to take several years to realize, which could hamper overall profitability.

4. Competitive Disadvantages: Rival companies have integrated artificial intelligence capabilities more effectively within these platforms, disadvantageously affecting DoubleVerify’s market positioning and profitability.

5. Overbilling Issues: Allegations also point to systemic overbilling practices where customers were charged for advertising impressions delivered to automated bots operating from known data centers.

6. False Risk Disclosures: The lawsuit claims that risk disclosures provided by the company were materially misleading, portraying issues that had already manifested as mere possibilities, which is both deceptive and unacceptable for investors relying on accurate information.

7. Misleading Statements: The positive assertions made by the Defendants regarding the company’s operations and future prospects lacked a reasonable foundation, further misleading investors.

How to Participate

If you are an investor who has seen financial losses and believe this lawsuit may apply to you, it's important to reach out for details. You can contact the Law Offices of Howard G. Smith to discuss your legal rights and potentially join the lawsuit.

For inquiries, you may:

• - Email them at email protected]
• - Call (215) 638-4847
• - Visit their website at [www.howardsmithlaw.com.

Participation in the class action does not require immediate action; investors can choose to seek legal counsel now or wait to see how the case unfolds. Those choosing to do nothing will remain as absent members of the class action, retaining their rights.

This information may be considered attorney advertising in some jurisdictions. It’s essential to stay informed and involved, particularly if your investments in DoubleVerify have been affected.

Keep an eye on news updates regarding the lawsuit and don’t hesitate to reach out if you have been impacted by these developments. Holding companies accountable for misleading practices not only protects your interests but also promotes a fairer market for all investors.