Investigation announced for Investors in shares of DoubleVerify Holdings, Inc. (NYSE: DV) over potential Wrongdoing

An investigation was announced for current long-term investors in shares of DoubleVerify Holdings, Inc. (NYSE: DV) concerning potential breaches of fiduciary duties by certain directors and officers of DoubleVerify Holdings, Inc.

Investors who are current long term investors in DoubleVerify Holdings, Inc. (NYSE: DV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: DV stocks follows a lawsuit filed against DoubleVerify Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: DV stocks, concerns whether certain DoubleVerify Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose that DoubleVerify's customers were shifting their ad spending from open exchanges to closed platforms, where the Company's technological capabilities were limited and competed directly with native tools provided by platforms like Meta Platforms and Amazo, that DoubleVerify's ability to monetize on Activation Services, the Company's high-margin advertising optimization services segment, was limited because the development of its technology for closed platforms was significantly more expensive and time-consuming than disclosed to investors, that DoubleVerify's Activation Services in connection with certain closed platforms would take several years to monetize, that DoubleVerify's competitors were better positioned to incorporate AI into their offerings on closed platforms, which impaired DoubleVerify's ability to compete effectively and adversely impacted the Company's profits, that DoubleVerify systematically overbilled its customers for ad impressions served to declared bots operating out of known data center server farms, that DoubleVerify's risk disclosures were materially false and misleading because they characterized adverse facts that had already materialized as mere possibilities, and that as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading or lacked a reasonable basis.

Those who purchased shares of DoubleVerify Holdings, Inc. (NYSE: DV) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.