DRCT - Direct Digital Holdings Sued for Securities Violations by Block & Leviton; Investors Who Have Lost Money Encouraged to Contact the Firm | Benzinga
BOSTON, May 31, 2024 (GLOBE NEWSWIRE) -- Block & Leviton announces that it has filed a securities fraud lawsuit against Direct Digital Holdings (NASDAQ:DRCT) and certain of its executives. Investors who have lost money in their Direct Digital Holdings investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/drct.
What is this all about?
The suit alleges that Defendants made false and misleading statements, including that the Company's transition toward a "cookie-less" advertising environment was accelerated and would impact revenue in 2024 and the Company'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. When the truth emerged, Direct Digital shares fell ...