The Trade Desk Faces Class Action Lawsuit Over AI Tool Rollout Challenges
9 Sources
[1]
TTD INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that The Trade Desk, Inc. Investors with Substantial Losses Have Opportunity to Lead the Trade Desk Class Action Lawsuit - Trade Desk (NASDAQ:TTD)
SAN DIEGO, Feb. 21, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of The Trade Desk, Inc. TTD Class A common stock between May 9, 2024 and February 12, 2025, inclusive (the "Class Period"), have until April 21, 2025 to seek appointment as lead
[2]
TTD INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that The Trade Desk, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - Trade Desk (NASDAQ:TTD)
SAN DIEGO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of The Trade Desk, Inc. TTD Class A common stock between May 9, 2024 and February 12, 2025, both dates inclusive (the "Class Period"), have until April 21, 2025 to seek appointment as lead
[3]
ROSEN, A LEADING LAW FIRM, Encourages The Trade Desk, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - TTD - Trade Desk (NASDAQ:TTD)
NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Class A common stock of The Trade Desk, Inc. TTD between May 9, 2024 and February 12, 2025, both dates inclusive (the "Class
[4]
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages The Trade Desk, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - TTD - Trade Desk (NASDAQ:TTD)
NEW YORK, Feb. 23, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Class A common stock of The Trade Desk, Inc. TTD between May 9, 2024 and February 12, 2025, both dates inclusive (the "Class
[5]
ROSEN, A LEADING NATIONAL FIRM, Encourages The Trade Desk, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - TTD - Trade Desk (NASDAQ:TTD)
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Class A common stock of The Trade Desk, Inc. TTD between May 9, 2024 and February 12, 2025, both dates inclusive (the "Class
[6]
Shareholders that lost money on The Trade Desk, Inc.(TTD) should contact The Gross Law Firm about pending Class Action - TTD - Trade Desk (NASDAQ:TTD)
NEW YORK, Feb. 26, 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.
[7]
TTD Robbins Geller Rudman & Dowd LLP Announces that The Trade Desk, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of The Trade Desk, Inc. (NASDAQ: TTD) Class A common stock between May 9, 2024 and February 12, 2025, both dates inclusive (the "Class Period"), have until April 21, 2025 to seek appointment as lead plaintiff of the Trade
[8]
Saxena White P.A. Files Securities Fraud Class Action Against The Trade Desk, Inc. and Certain of Its Executives - Trade Desk (NASDAQ:TTD)
BOCA RATON, Fla., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Saxena White P.A. has filed a securities fraud class action lawsuit (the "Class Action") in the United States District Court for the Central District of California against The Trade Desk, Inc. ("Trade Desk" or the "Company") TTD and certain of its
[9]
Saxena White P.A. Files Securities Fraud Class Action Against The Trade Desk, Inc. and Certain of Its Executives
, (GLOBE NEWSWIRE) -- . has filed a securities fraud class action lawsuit (the "Class Action") in the against ("Trade Desk" or the "Company") (NASDAQ: TTD) and certain of its executive officers (collectively, "Defendants"). The Class Action asserts claims under Sections 10(b) and 20(a) of the
Share
Copy Link
Multiple law firms announce class action lawsuits against The Trade Desk, Inc. for alleged misleading statements about the rollout of its AI-powered advertising tool, Kokai.
Class Action Lawsuit Filed Against The Trade Desk
The Trade Desk, Inc. (NASDAQ: TTD), a prominent technology company offering a cloud-based ad-buying platform, is facing multiple class action lawsuits over alleged misleading statements regarding the rollout of its artificial intelligence (AI) tool, Kokai
1
2
3
4
5
.Allegations of Misleading Statements
The lawsuits, filed by various law firms including Robbins Geller Rudman & Dowd LLP and Rosen Law Firm, allege that The Trade Desk and its top executives made false and misleading statements during the period between May 9, 2024, and February 12, 2025
1
3
. The primary allegations include:- The company experienced significant, self-inflicted execution challenges in rolling out Kokai, particularly in transitioning clients from its older platform, Solimar
2
4
. - These execution challenges substantially delayed the Kokai rollout
3
5
. - The company's inability to effectively execute the Kokai rollout negatively impacted its business operations and revenue growth
1
4
.
Financial Impact and Stock Price Drop
On February 12, 2025, The Trade Desk announced its financial results for the fourth quarter and full year of 2024
2
. The company reported:- Fourth-quarter revenue of $741 million, below the previously issued guidance of $756 million and analysts' estimates of $759.8 million
1
3
. - Revenue guidance of at least $575 million for the first quarter of 2025, missing analysts' estimates of $581.5 million
2
4
.
Following this announcement, the price of Trade Desk Class A common stock reportedly fell by more than 32%
1
5
.Legal Proceedings and Investor Rights
The class action lawsuits have been filed on behalf of purchasers of The Trade Desk's Class A common stock during the specified period
3
4
. Key points for affected investors include:- The deadline to seek appointment as lead plaintiff is April 21, 2025
1
2
3
4
5
. - Investors who suffered substantial losses are encouraged to contact the law firms for more information
2
4
. - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the stock during the Class Period to seek appointment as lead plaintiff
1
3
.
Related Stories
About Kokai and Its Significance
Kokai, launched on June 6, 2023, is a generative AI forecasting tool designed to enable users to more effectively deploy advertising spending
2
4
. The tool was positioned as a significant advancement in The Trade Desk's offerings, making the alleged challenges in its rollout particularly impactful for the company's market position and investor confidence1
3
5
.Broader Implications for AI in Advertising
This case highlights the challenges and risks associated with implementing AI technologies in the advertising industry. It underscores the importance of effective execution and transparent communication when rolling out advanced AI tools, especially for publicly traded companies where such developments can significantly impact stock performance and investor relations
3
4
5
.References
Summarized by
Navi
Related Stories
The Trade Desk Faces Class Action Lawsuit Over AI Tool Rollout Challenges
23 Mar 2025•Policy and Regulation
The Trade Desk Faces Class Action Lawsuit Over AI Tool Rollout Challenges
05 Mar 2025•Business and Economy
The Trade Desk Faces Class Action Lawsuit Over AI Tool Rollout Challenges
10 Apr 2025•Business and Economy
Recent Highlights
1
OpenAI Pauses AI Model Training After Agent Hacks Australian Government Website
Technology
2
Bill Gates Warns AI Could Cause a Billion Deaths, Calls for Urgent Federal Regulation
Policy and Regulation
3
Meta Unveils Camera-Free AI Glasses and Muse Integration Amid Privacy Debate at Connect 2026
Technology
Recent Highlights
Today's Top Stories
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.
