Labaton Keller Sucharow Files Securities Class Action Lawsuit Against The Trade Desk, Inc.
NEW YORK–(Business Wire)–
Labaton Keller Sucharow LLP (“Labaton”), a leading securities litigation firm, announced today that on March 5, 2025, it filed a securities class action lawsuit (the “Complaint”) on behalf of its client New England Teamsters Pension Fund (“New England Teamsters”) against The Trade Desk, Inc. (“Trade Desk” or the “Company”) and certain Trade Desk officers (collectively, “Defendants”). The lawsuit, which is captioned New England Teamsters Pension Fund v. The Trade Desk, Inc., No. 2:25-cv-01936 (C.D. Cal.), was filed in the United States District Court for the Central District of California.
Allegations in the Complaint
The Complaint alleges that Trade Desk and the Defendants violated the Securities Exchange Act of 1934 by making false and misleading statements and omissions regarding the Company’s business, operations, and financial condition, specifically with respect to:
- The Company’s financial performance and prospects for the future, including its revenue growth and customer base;
- The Company’s internal controls and financial reporting;
- The Company’s relationship with certain key customers and partners;
The Complaint further alleges that Defendants made these false and misleading statements and omissions during the period from February 5, 2023, through February 2, 2025, inclusive (the “Class Period”).
Impact on Investors
As a result of Defendants’ false and misleading statements and omissions, Trade Desk’s common stock traded at artificially inflated prices during the Class Period. When the truth was revealed, the price of Trade Desk’s common stock declined significantly, causing harm to investors.
Impact on the World
The securities class action lawsuit against Trade Desk and its officers could have a significant impact on the digital advertising industry. If the allegations in the Complaint are proven true, it could lead to increased scrutiny of other companies in the industry and potential regulatory action. Additionally, it could result in increased litigation risk for public companies and their officers.
Conclusion
Labaton Keller Sucharow LLP continues to investigate potential securities fraud claims against The Trade Desk, Inc. and certain of its officers. If you purchased or otherwise acquired Trade Desk securities during the Class Period, please contact Labaton for more information about your potential recovery. This press release does not constitute an offer or solicitation to sell or purchase securities, and it is not a representation or warranty as to the ultimate outcome of the lawsuit.
This is not an exhaustive list of potential claims, and Labaton Keller Sucharow LLP encourages investors with information or who may have purchased or acquired Trade Desk securities during the Class Period to contact the firm. You can reach Labaton Keller Sucharow LLP by calling (646) 795-9200 or toll-free at (800) 321-1403. You can also contact Labaton Keller Sucharow LLP by email at [[email protected]](mailto:[email protected]).
About Labaton Keller Sucharow LLP
Labaton Keller Sucharow LLP is a leading securities litigation firm representing institutional and individual investors. Labaton Keller Sucharow LLP has recovered nearly $7 billion for clients through its initiatives in securities, antitrust, consumer, and other complex litigation. Please visit www.labaton.com for more information about the firm.
