The Trade Desk(TTD) Prnewswire·2025-02-27 10:45Core Viewpoint - The Trade Desk, Inc. is facing allegations of issuing materially false and misleading statements regarding its AI forecasting tool, Kokai, which has led to execution challenges and negatively impacted its business operations and revenue growth [1][2]. Allegations Summary - The complaint alleges that during the class period from May 9, 2024, to February 12, 2025, The Trade Desk experienced significant execution challenges in rolling out its AI tool Kokai, including difficulties in transitioning clients from the older platform Solimar [1]. - These execution challenges delayed the rollout of Kokai, which in turn negatively affected the company's business and revenue growth [1]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were deemed materially false and misleading [1]. Next Steps for Shareholders - Shareholders who purchased shares of The Trade Desk during the specified class period are encouraged to register for the class action by April 21, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. Firm's Commitment - The Gross Law Firm is dedicated to protecting the rights of investors affected by deceit and illegal business practices, ensuring companies adhere to responsible business practices [3].