DRCT - SHAREHOLDER ALERT: Direct Digital Holdings Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm | Benzinga
BOSTON, April 08, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Direct Digital Holdings, Inc. (NASDAQ:DRCT) for potential securities law violations. Investors who have lost money in their Direct Digital Holdings, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/drct.
What is this all about?
On March 26, Direct Digital Holdings missed revenue estimates, citing its transition towards a "cookie-less" advertising environment. Shares of Direct Digital Holdings dropped 39% the next day. Then on April 2, the Company disclosed it had identified a material weakness in its internal controls over financial reporting, leading to further losses.
Who is eligible?
Anyone who purchased Direct Digital Holdings, Inc. common stock and has ...