Direct Digital Holdings, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRCT

LOS ANGELES, July 4, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Direct Digital Holdings, Inc. ("Direct Digital" or "the Company") (NASDAQ: DRCT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of DRCT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: April 17, 2023 to March 25, 2024

DEADLINE: July 22, 2024

CASE DETAILS: The complaint alleges that the Company made false and misleading statements to the market. Direct Digital's transition into the "cookie-less" advertising market would impact in 2024. The Company's alternatives to third-party cookies were not viable replacements for both cookies and other tracking technologies. The Company failed to develop an adequate solution in advance of Google's impending phase out of third-party cookies. Based on these facts the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Direct Digital, investors suffered damages.

NEXT STEPS FOR SHAREHOLDERS: Please contact the managing partner of DJS Law Group, David Schwartz, at [email protected]

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP