Investigation announced for Investors who currently hold shares of PubMatic, Inc. (NASDAQ: PUBM) over potential Wrongdoing

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

Investors who are current long term investors in PubMatic, Inc. (NASDAQ: PUBM) 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 NASDAQ: PUBM stocks follows a lawsuit filed against PubMatic, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PUBM stocks, concerns whether certain PubMatic, 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 Northern District of California the plaintiff alleges that, the Defendants failed to disclose to investors that a top DSP buyer was shifting a significant number of clients to a new platform which evaluated inventory differently, that, as a result, PubMatic was seeing a reduction in ad spend and revenue from this top DSP buyer, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of PubMatic, Inc. (NASDAQ: PUBM) 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.