DRCT INVESTOR ALERT: ROSEN, LEADING TRIAL LAWYERS, Encourages Direct Digital Holdings, Inc. Investors to Seek Counsel Before Important Deadline in Securities Class Action Lawsuit – DRCT

NEW YORK, May 29, 2024 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Direct Digital Holdings, Inc. (NASDAQ: DRCT) between April 17, 2023 and March 25, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than 22 July 2024.

SO WHAT: If you purchased shares of Direct Digital common stock during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Direct Digital class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=25535 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 22 July 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.

WHY ROSEN LAW: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Often, the firms that file lawsuits do not have comparable experience, resources, or significant peer recognition. Choose your attorneys wisely. The Rosen Law Firm represents investors around the world and focuses on securities class actions and shareholder derivatives litigation. The Rosen Law Firm has achieved the highest settlement in a securities class action against a Chinese company. The Rosen Law Firm was ranked No. 1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the complaint, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Direct Digital’s transition to a “cookieless” advertising environment was accelerating and would impact revenue in 2024; (2) Direct Digital’s alternatives to third-party cookies, including planned investments in AI and machine learning to build on first-party data sources, would not be viable alternatives to third-party cookies and similar tracking technologies; (3) Direct Digital did not have adequate solutions to respond to Google’s impending phase-out of third-party cookies; and (4) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the effectiveness of Direct Digital’s platform and related financial results, growth and prospects. When the true details came to market, the complaint alleges that investors suffered damages.

To join the Direct Digital class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=25535 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.

No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

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Source: The Rosen Law Firm, PA