Important Notice for Shareholders of The Trade Desk, Inc. (TTD)
New York, NY – The Gross Law Firm, a leading national shareholder rights law firm, notifies shareholders of The Trade Desk, Inc. (TTD) that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of shareholders who purchased or acquired the common stock of TTD between February 25, 2021, and October 27, 2021, inclusive (the “Class Period”).
Details of the Class Action Lawsuit
The complaint alleges that The Trade Desk, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by making materially false and misleading statements and failing to disclose material information during the Class Period.
According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that:
- The Company was experiencing declining demand for its platform and services;
- The Company’s financial results for the third quarter of 2021 were negatively impacted by the decline in demand;
- The Company’s revenue growth was decelerating;
- Defendants had overstated the Company’s financial prospects.
Impact on Shareholders
As a result of defendants’ misrepresentations, The Trade Desk, Inc. stock traded at artificially inflated prices during the Class Period, and when the truth was revealed, the stock price dropped significantly, causing substantial losses to investors.
What This Means for Affected Shareholders
If you purchased or acquired The Trade Desk, Inc. common stock during the Class Period, you may be entitled to compensation. Shareholders who suffered losses on their investments and wish to serve as lead plaintiff in this class action must contact The Gross Law Firm before the lead plaintiff deadline. The lead plaintiff is a court-appointed representative for absentee class members and plays a significant role in the litigation.
Impact on the World
The outcome of this class action lawsuit could have significant implications for the financial industry and investor community as a whole. If The Trade Desk, Inc. and its officers are found liable, it could set a precedent for other similar cases and potentially lead to increased scrutiny of corporate disclosures and financial reporting.
Conclusion
If you purchased or acquired The Trade Desk, Inc. common stock during the Class Period and have questions or want to learn more about this class action lawsuit, please contact The Gross Law Firm as soon as possible. With extensive experience in securities litigation, The Gross Law Firm is uniquely positioned to help shareholders recover their losses.
The Gross Law Firm represents investors worldwide and accepts cases on a contingency fee basis. For more information, please call The Gross Law Firm toll-free at 855-393-4526 or email [email protected].
About The Gross Law Firm
The Gross Law Firm is a leading national shareholder rights law firm representing purchasers and investors in securities fraud class actions and derivative litigation. The firm seeks to recover damages on behalf of defrauded or injured shareholders and investors.
This notice is not a solicitation for class action membership. The Gross Law Firm is merely announcing the pendency of this lawsuit and encouraging those who have purchased or acquired The Trade Desk, Inc. common stock during the Class Period to contact the firm. The Gross Law Firm may retain co-counsel.
