Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Integral Ad Science Holding Corp. who purchased shares between March 2, 2023 and February 27, 2024.
Integral and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 27, 2024, post-market, the Company announced its 4Q 2023 results, disclosing disappointing revenue guidance below analysts’ estimates due to pricing cuts issued to customers across the Company’s measurement and optimization businesses.
On this news, the price of Integral’s shares declined approximately 41%, from $17.10 per share to close at $10.01 per share on February 28, 2024.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until March 31, 2025 to request that the court appoint them lead plaintiff.