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 David@djslawllp.com
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: David@djslawllp.com
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SOURCE DJS Law Group LLP