Pomerantz LLP Announces Class Action Lawsuit Against Integral Ad Science Holding Corp.
NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Integral Ad Science Holding Corp. ("IAS" or the "Company") (NASDAQ: IAS). Such investors are advised to contact Danielle Peyton at dp@pomerantzlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether IAS and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until March 31, 2025, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired IAS securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
Click here for information about joining the class action
On August 3, 2023, IAS reported its financial results for the second quarter of 2023, revealing the growth of its optimization revenue had meaningfully slowed.
On this news, IAS's stock price fell $3.66 per share, or 19.44%, to close at $15.17 per share on August 4, 2023.
Then, on February 27, 2024, IAS reported financial results for the fourth quarter of 2023 and issued revenue guidance below analyst expectations. On an earnings call later that day, the Company admitted that these disappointing revenue numbers resulted from pricing cuts issued to customers across the Company's measurement and optimization businesses. Chief Executive Officer Lisa Utzschneider stated that "[w]e are seeing more competitive pricing in measurement on a select group of large contract renewals in exchange for increased volume commitments and multi-year exclusive agreements."
On this news, IAS's stock price fell $7.09 per share, or 41.46%, to close at $10.01 per share on February 28, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE Pomerantz LLP
