Important Notice for Digimarc Corporation Shareholders
New York, NY – The Gross Law Firm, a leading national shareholder rights law firm, reminds investors of their right to seek appointment as lead plaintiff in a securities class action filed against Digimarc Corporation (NASDAQ: DMRC). The class action was filed in the United States District Court for the District of Oregon and alleges that Digimarc Corporation and certain of its officers and directors violated the Securities Exchange Act of 1934.
Class Period and Eligibility
The class period for this action is between November 5, 2022, and February 28, 2023. Shareholders who purchased or otherwise acquired Digimarc securities during the class period are encouraged to contact the firm
Allegations
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) Digimarc’s revenue growth was primarily driven by one-time events and not sustainable organic growth; (2) the Company’s financial statements contained material misstatements and omissions; and (3) as a result, Defendants’ statements about Digimarc’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Possible Effects on Shareholders
If you are a shareholder who suffered a loss, you may be eligible to recover your loss. You may also be able to seek an appointment as a lead plaintiff in the shareholder class action. The lead plaintiff is usually the investor with the largest financial investment and who is the most adversely affected by the alleged misconduct. As a lead plaintiff, you would be responsible for working with the attorneys in pursuing the litigation.
Effect on the World
The impact of this securities class action on the world at large may depend on the outcome of the litigation. If the allegations are proven, it could lead to increased scrutiny of other technology companies with similar business models and financial reporting practices. It could also result in increased transparency and accountability for companies in the technology sector. Conversely, if the defendants are found not liable, it could send a message that such practices are acceptable and may encourage similar behavior by other companies.
Contact Information
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact the firm’s lead counsel, Brian J. Gross, of The Gross Law Firm, toll-free at 888-227-1237, as early as possible. You may also contact the firm by email at [email protected], or by filling out the contact form on our website, www.grosslawfirm.com.
Conclusion
The Gross Law Firm encourages anyone with a significant financial investment in Digimarc Corporation and who believes they may have suffered a loss as a result of the alleged misconduct to contact the firm for a free consultation. Shareholders have until May 13, 2025, to seek appointment as lead plaintiff in this class action. The firm takes pride in representing shareholders who have been negatively impacted by corporate misconduct and is committed to helping them recover their losses.
This notice is not a solicitation for an offer to buy or sell securities. The securities mentioned in this notice were not purchased or sold by the firm. The information provided in this notice is not legal advice and should not be construed as such. The firm does not guarantee the accuracy of the information provided in this notice.
The Gross Law Firm represents investors worldwide, and the firm’s attorneys are admitted to practice law in New York, New Jersey, and Pennsylvania. The firm’s headquarters are located at 18 Lafayette Street, Suite 205, New York, NY 10013.
