Investors can Contact the law firm free of charge to learn more about recovering their losses
LOS ANGELES, July 15, 2024 (GLOBE NEWSWIRE) — Portnoy Law Firm advises investors of Direct Digital Holdings (Nasdaq: DRCT) that a shareholder has filed a class action lawsuit on behalf of individuals and entities who purchased or otherwise acquired shares.
Investors who bought and/or sold shares between April 17, 2023 and March 24, 2024 are advised to visit our website.
The lawsuit alleges that the defendants made false and misleading statements, including that the company’s transition to a “cookieless” advertising environment had been accelerated and would impact revenue in 2024, and that the company’s alternatives to third-party cookies, including planned investments in AI and machine learning to build on first-party data sources, were not viable alternatives to third-party cookies and similar tracking technologies. When the truth came out, Direct Digital’s shares fell significantly, which the lawsuit alleges hurt investors.
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The Portnoy Law Firm represents investors in claims arising from corporate malpractice. The firm’s founding partner has recovered more than $5.5 billion for injured investors. Attorney Advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to the bar in California and New York
[email protected]
310-692-8883
www.portnoylaw.com
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