The Trade Desk(TTD) Prnewswire·2025-03-15 16:11Core Viewpoint - Securities class action lawsuits have been filed against The Trade Desk, Inc. for allegedly making materially false and misleading statements regarding its business operations and the rollout of its new platform, Kokai, during the specified class period from May 9, 2024, to February 12, 2025 [1][3]. Group 1: Allegations Against The Trade Desk - Defendants are accused of failing to disclose significant execution challenges related to the Kokai rollout, which involved transitioning clients from the older platform, Solimar [3]. - The execution challenges reportedly delayed the Kokai rollout and negatively impacted the company's business and revenue growth [3]. - Positive statements made by the defendants about the company's operations and prospects were claimed to be materially misleading and lacked a reasonable basis [3]. Group 2: Legal Process and Participation - Investors in The Trade Desk have until April 21, 2025, to seek appointment as lead plaintiffs in the class action lawsuit [4]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [4]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any recovery [4].