1. Rosen Law Firm reminds TTD shareholders of class action deadline. 2. The lawsuit claims misleading statements harmed TTD investors. 3. Execution challenges in Kokai rollout affected TTD's business. 4. Investors might recover losses without upfront fees. 5. Lead plaintiff motion must be filed by April 21, 2025.
The lawsuit suggests severe operational challenges and misleading communication from TTD, historically leading to significant price drops. Similar cases, like those against Enron, illustrate investor backlash leading to stock decline following such disclosures.
The class action lawsuit could materially impact TTD's stock price due to potential settlements or negative press resulting from the allegations. The significance of execution failures in a tech company like TTD amplifies concerns over future revenue growth.
Immediate investor sentiment may quickly wane if details of the class action gain traction, impacting stock price in the near term. Historical precedents show litigation-related news triggers quick market reactions, such as with Tesla post-lawsuit announcements.
Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of The Trade Desk, Inc. (NASDAQ: TTD) between May 9, 2024 and February 12, 2025, both dates inclusive (the "Class Period"), of the important April 21, 2025 lead plaintiff deadline.
If you purchased Trade Desk Class A 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.
To join the Trade Desk class action, go to https://rosenlegal.com/submit-form/?case_id=35479 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each 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 by Law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) Trade Desk was experiencing significant, ongoing, self-inflicted execution challenges rolling out Kokai, a generative artificial intelligence ("AI") forecasting tool that enables users to more effectively deploy advertising spending, including transitioning clients to Kokai from Trade Desk's older platform Solimar; (2) such execution challenges meaningfully delayed the Kokai Rollout; (3) Trade Desk's inability to effectively execute the Kokai Rollout negatively impacted Trade Desk's business and operations, particularly revenue growth; and (4) as a result of the above, defendants' positive statements about Trade Desk's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Go to https://rosenlegal.com/submit-form/?case_id=35479 or https://rosenlegal.com/submit-form/?case_id=28116 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
Email: [email protected]
Website: www.rosenlegal.com
SOURCE THE ROSEN LAW FIRM, P. A.