Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against The Trade Desk, Inc.
On March 18, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a leading national securities litigation law firm, announced the filing of a class action lawsuit against The Trade Desk, Inc. (“Trade Desk” or “the Company”) (NASDAQ:TTD) and certain of its officers. The complaint alleges that the Company and its officers violated the federal securities laws.
Class Definition
The lawsuit, filed on behalf of all persons and entities that purchased or otherwise acquired Trade Desk securities between May 9, 2024 and February 12, 2025, both dates inclusive (the “Class Period”), seeks to recover damages resulting from the Defendants’ alleged securities law violations.
Allegations
The complaint alleges that throughout the Class Period, the Defendants made materially false and misleading statements regarding the Company’s business, operational, and financial metrics. Specifically, the Defendants allegedly misrepresented the Company’s revenue growth, customer base, and financial projections, among other things. These misrepresentations were made through various means, including press releases, public filings, and statements made in public forums.
Impact on Investors
As a result of the Defendants’ alleged misrepresentations, Trade Desk securities traded at artificially inflated prices during the Class Period. When the truth was revealed, the price of Trade Desk securities fell significantly, causing harm to investors.
Impact on the World
The allegations against Trade Desk have broader implications beyond just the Company and its investors. The securities industry relies on accurate and truthful disclosures to ensure a level playing field for all market participants. The filing of this class action lawsuit underscores the importance of transparency and honesty in the securities markets.
Conclusion
Bronstein, Gewirtz & Grossman, LLC encourages investors who purchased or otherwise acquired Trade Desk securities during the Class Period to contact the firm for more information. The filing of this class action lawsuit is an important step in holding the Defendants accountable for their alleged securities law violations. The securities markets depend on transparency and honesty, and this lawsuit is a reminder of the consequences of failing to meet those standards.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against The Trade Desk, Inc.
- Allegations of securities law violations against the Company and certain officers.
- Class period: May 9, 2024 to February 12, 2025.
- Impact on investors: Artificially inflated prices, significant price drop.
- Impact on the world: Emphasizes importance of transparency and honesty in securities markets.
