DRCT - Class Action Lawsuit Filed on Behalf of Direct Digital (TDOC) Investors – Nationally Ranked Investors' Rights Firm Holzer & Holzer LLC Encourages Investors With Significant Losses to Contact the Firm | Benzinga
ATLANTA, May 24, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Direct Digital Holdings, Inc. ("Direct Digital" or the "Company") (NASDAQ:DRCT). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company, including allegations that: 1) Direct Digital's transition toward a "cookie-less" advertising environment was accelerated and would impact revenue in 2024; (2) Direct Digital ‘s alternatives to third-party cookies, including planned investments in AI and machine learning to build on first-party data sources, would not be viable alternatives to third-party cookies and similar tracking technologies; (3) Direct Digital ...