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This investigation is for anyone who acquired securities in DoubleVerify Holdings, Inc. (NYSE: DV) prior to May 7, 2024.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had proper controls in place to prevent the Company from publishing incorrect brand safety scores when the Company lacked proper controls.
On May 7, 2024, DoubleVerify released its first quarter 2024 financial results and reduced its fiscal 2024 revenue guidance, disclosing that there had been a pullback in customer spending on advertising beginning in April after the Company publicly apologized for displaying incorrect data regarding brand safety score for X advertisers for nearly five months. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in DoubleVerify Holdings, Inc. (NYSE: DV) prior to May 7, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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