SAN DIEGO, Feb. 3, 2025 (GLOBE NEWSWIRE) — Robbins LLP is informing stockholders about a class action lawsuit involving Integral Ad Science Holding Corp. (NASDAQ: IAS). This suit is on behalf of individuals and entities who purchased IAS shares between March 2, 2023, and February 27, 2024. IAS specializes in software for digital advertising.
The Allegations: The lawsuit claims that IAS misled investors about its business health. It states that the company did not reveal several key issues:
- It faced increased competition and had to lower prices due to weak demand.
- Its pricing strategy was no longer effective.
- Pricing differences with competitors became a critical factor for securing major contracts.
- Concerns about pricing pressures were real and had materialized.
The complaint highlights that on February 27, 2024, IAS reported disappointing financial results for the fourth quarter and full year ending December 31, 2023. Many analysts expressed their surprise over the company’s lackluster guidance for 2024. The following day, IAS’s stock plummeted by $7.09, a drop of about 41% from its previous closing price of $17.10.
What You Can Do: If you bought shares of IAS, you might be included in the class action. Shareholders interested in being a lead plaintiff must file the necessary documents with the court by March 31, 2025. A lead plaintiff represents all class members throughout the case. If you choose not to get involved, you can still benefit from any recovery as an absent member.
All legal work is done on a contingency basis. Shareholders will not pay any fees or expenses.
About Robbins LLP: Since 2002, Robbins LLP has focused on helping shareholders recover losses and enhance corporate governance. Their team works to hold company leaders accountable for any misdeeds.
If you want updates on the class action against IAS or information about other corporate misconduct, consider signing up for Stock Watch.
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