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On Fri, 4 Apr, 8:01 AM UTC
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[1]
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of April 21, 2025 in The Trade Desk, Inc. Lawsuit - TTD - Trade Desk (NASDAQ:TTD)
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of The Trade Desk, Inc. TTD. Shareholders who purchased shares of TTD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/the-trade-desk-inc-loss-submission-form/?id=140429&from=3 CLASS PERIOD: May 9, 2024 to February 12, 2025 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Trade Desk was experiencing significant, ongoing, self-inflicted execution challenges rolling out the Company's AI forecasting tool, Kokai, including transitioning clients to Kokai from the Company'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 the Company's business and operations, particularly revenue growth; and (4) as a result of the above, Defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. DEADLINE: April 21, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/the-trade-desk-inc-loss-submission-form/?id=140429&from=3 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TTD during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 21, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903 TTDThe Trade Desk Inc$49.96-11.3%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum12.67Growth85.47Quality91.11Value14.19Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs
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TTD INVESTOR ALERT: Kirby McInerney LLP Reminds The Trade Desk, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit - Trade Desk (NASDAQ:TTD)
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP notifies investors of the approaching April 21, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of those who acquired The Trade Desk, Inc. ("Trade Desk" or the "Company") TTD securities between May 9, 2024, through February 12, 2025 ("the Class Period"). [LEARN MORE ABOUT THE CLASS ACTION] On June 6, 2024, prior to the Class Period, Trade Desk launched Kokai, a generative AI forecasting tool, and began transitioning its clients to Kokai from the Company's older ad-buying platform Solimar. Trade Desk touted the transition to investors as a seamless "switch over to the new" platform, and one "without the disruption that comes from yanking something out of the box and maybe having something totally hate it and just be angry." Trade Desk further claimed to expect "full adoption" of Kokai "over the course of 2024 [.]" On February 12, 2025, Trade Desk reported fourth quarter revenue of $741 million - below the Company's previously issued guidance of $756 million and analysts' estimates of $759.8 million. Additionally, Trade Desk's revenue guidance of at least $575 million for the first quarter of 2024 missed analysts' estimates of $581.5 million. During the earnings call held that same day, CEO Jeff Green disclosed that Trade Desk has yet to reach full adoption of Kokai, as the Company is "maintaining 2 systems, Solimar and Kokai. This slows us down." Later, on the same call, in response to a Cannonball Research analyst expressing concern regarding "issues with Kokai rollout pace," CEO Green simply stated, "you're right, that Kokai rolled out slower than we anticipated." However, while addressing that same analyst's question, CEO Green later explained that "in some cases, the slower Kokai rollout was deliberate." On this news, the price of Trade Desk shares declined by $40.31 per share, or approximately 32%, from $121.23 per share on February 12, 2025, to close at $81.92 on February 13, 2025. The complaint alleges that defendants, throughout the Class Period, made materially misleading statements that failed to disclose that: (1) Trade Desk was experiencing significant, ongoing, self-inflicted execution challenges rolling out Kokai, including transitioning clients to Kokai from the Company's older platform Solimar; (2) such execution challenges meaningfully delayed the rollout of Kokai; and (3) Trade Desk's inability to effectively execute the rollout of Kokai negatively impacted the Company's business and operations, particularly revenue growth. If you purchased or otherwise acquired Trade Desk securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you. [CONTACT FORM] Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts Kirby McInerney LLP Thomas W. Elrod, Esq. 212-699-1180 https://www.kmllp.com investigations@kmllp.com TTDThe Trade Desk Inc$49.16-12.7%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum12.67Growth85.47Quality91.11Value14.19Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs
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TTD Investors Have Opportunity to Lead The Trade Desk, Inc. Securities Fraud Lawsuit
Why: 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. So what: 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. What to do next: 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 case@rosenlegal.com 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. Why Rosen Law: 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. Details of the case: 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. To join the Trade Desk class action, 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 case@rosenlegal.com for information on the class action. No Class Has Been Certified. 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. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: 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 case@rosenlegal.com www.rosenlegal.com
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Multiple law firms have filed class action lawsuits against The Trade Desk, Inc. over alleged misleading statements regarding the rollout of their AI forecasting tool, Kokai.
Multiple law firms have initiated class action lawsuits against The Trade Desk, Inc. (NASDAQ: TTD), a prominent advertising technology company, over alleged misleading statements regarding the rollout of their AI forecasting tool, Kokai 123.
The lawsuits allege that between May 9, 2024, and February 12, 2025, The Trade Desk made false and misleading statements about the implementation of Kokai, their generative AI forecasting tool 12. The complaints assert that the company failed to disclose significant execution challenges in transitioning clients from their older platform, Solimar, to Kokai 3.
On February 12, 2025, The Trade Desk reported fourth-quarter revenue of $741 million, falling short of both the company's guidance of $756 million and analysts' estimates of $759.8 million 2. The company's first-quarter 2024 revenue guidance of $575 million also missed analysts' expectations of $581.5 million 2.
During an earnings call, CEO Jeff Green acknowledged that the Kokai rollout was slower than anticipated, stating, "We're maintaining two systems, Solimar and Kokai. This slows us down." 2 Following this news, The Trade Desk's stock price plummeted by approximately 32%, closing at $81.92 on February 13, 2025 2.
Several law firms, including The Gross Law Firm, Kirby McInerney LLP, and Rosen Law Firm, have filed class action lawsuits on behalf of affected shareholders 123. The deadline for investors to seek appointment as lead plaintiff in these cases is April 21, 2025 123.
Shareholders who purchased The Trade Desk's Class A common stock during the specified class period may be eligible for compensation 3. The lawsuits aim to recover damages for investors who allegedly suffered losses due to the company's actions 123.
This case highlights the challenges companies face when implementing new AI technologies and the potential legal consequences of misrepresenting progress to investors. It also underscores the importance of transparent communication about technological transitions and their impact on business operations.
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