NEW YORK, July 16, 2022 (WORLD NEWS CABLE) —
WHY: The Rosen Law Firm, a global investor rights law firm, reminds buyers of Digital Turbine, Inc. (NASDAQ: APPS) securities between August 9, 2021 and May 17, 2022, both dates inclusive (the “Class Period”), from What Matters August 5, 2022 Deadline for Lead Plaintiff.
AND THAT: If you purchased Digital Turbine securities during the Class Period, you may be entitled to compensation without payment of any disbursement fees or costs through a contingency fee agreement.
WHAT TO DO NEXT: To join the Digital Turbine class action lawsuit, go to https://rosenlegal.com/send-form/?case_id=6272 or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] either [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you want to serve as lead plaintiff, you must transfer to the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct the litigation.
WHY ROSEN’S LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often the companies that issue ads do not have comparable experience, resources, or any significant recognition from their peers. Many of these firms do not actually handle securities class action lawsuits, but are simply intermediaries who refer clients or partner with law firms that actually litigate the cases. Be wise in selecting an attorney. The Rosen Law Firm represents investors around the world, concentrating its practice on securities class action and shareholder derivative litigation. The Rosen Law Firm has achieved the largest securities class action settlement in history against a Chinese company. The Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, law360 named founding partner Laurence Rosen as a Titan of the Plaintiffs Bar Association. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: The lawsuit filed in this class action alleges that throughout the Class Period, the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Digital Turbine’s business, operations, and prospects. Specifically, the defendants failed to inform investors that: (1) Digital Turbine’s recent acquisitions, AdColony and Fyber, act as agents in some of their respective product lines; (2) as a result, revenue from those product lines should be reported net of license fees and revenue sharing, rather than on a gross basis; (3) Digital Turbine’s internal control over financial reporting regarding revenue recognition was deficient; (4) as a result of the foregoing, Digital Turbine’s net income was overstated during fiscal year 2022; and (5) as a result of the foregoing, Defendants’ positive statements about Digital Turbine’s business, operations, and prospects were materially misleading and/or lacked reasonable basis. When the true details entered the market, the suit claims that investors suffered damages.
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To join the Digital Turbine class action lawsuit, go to https://rosenlegal.com/send-form/?case_id=6272 or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] either [email protected] for information about the class action lawsuit.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can select the attorney of your choice. You can also remain a member of the absent class and do nothing at this time. An investor’s ability to participate in any potential future recovery is not dependent on him acting as the lead claimant.
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Laurence Rosen, Esq.
Philip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827