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DV.US
id: 956, Created by , Scout

DoubleVerify (DV) Spruce's Deceptive Reporting Allegations Case

  • In May, Spruce Point Capital in its report alleged DoubleVerify of manipulative and deceptive financial reporting.
  • $DV fell 5.8%, losing $287M+ of shareholder value.
  • Investors may have grounds to suspect DoubleVerify of issuing misleading financial reports, which led to their losses.
On May 2, 2023, Spruce Point Capital Management alleged in its report that DoubleVerify (DV) engaged in manipulative and deceptive financial reporting related to its international business.

On this news, $DV fell 5.8% and lost over $287 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that DoubleVerify and its executives failed to produce accurate financial reports, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02 May 2023
Collecting participants…

DoubleVerify Holdings Inc

DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, and analytics in the United States and internationally. The company provides solutions to advertisers unbiase...

    Ticker
    DV.US
    ISIN
    US25862V1052
    CIK
    1819928
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    462 Broadway, New York, NY, United States, 10013