DRCT investors have the opportunity to lead Direct Digital Holdings, Inc. securities fraud lawsuit

DRCT investors have the opportunity to lead Direct Digital Holdings, Inc. securities fraud lawsuit

DRCT investors have the opportunity to lead Direct Digital Holdings, Inc. securities fraud lawsuit

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LOS ANGELES, June 11, 2024

LOS ANGELES , June 11, 2024 /PRNewswire/ — Schall Law Firmnational shareholder rights litigation firm, reminds investors of its class action lawsuit against Direct Digital Holdings, Inc. (“Direct Digital” or the “Company”) (NASDAQ: DRCT) for violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities Exchange Commission Securities and Exchanges.

Investors who purchased the Company’s securities between April 17, 2023 and March 25, 2024, inclusive (the ‘Class Period’), are encouraged to contact the firm before July 22, 2024.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us via the company’s website at www.schallfirm.comor by email to [email protected].

In this case, the class has not yet been certified and you are not represented by an attorney until you are certified. If you choose to take no action, you may remain an absent member of the class.

The complaint alleges that the Company made false and misleading statements to the market. Direct Digital’s transition to a “cookie-free” advertising market will impact 2024. The Company’s third-party cookie alternatives were not a viable replacement for both cookies and other tracking technologies. The Company has failed to develop an appropriate solution in advance of Google’s upcoming phase-out of third-party cookies. Based on these facts, the Company’s public statements were false and materially misleading throughout the audit period. When the market learned the truth about Direct Digital, investors suffered losses.

Join the cause and recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class actions and shareholder rights disputes.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

CONTACT:

Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

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SOURCE Schall Law Firm