The Trade Desk, Inc. (NASDAQ: TTD): The Trade Desk, Inc. (“Trade Desk” or the “Company”) and certain of the Company’s senior executives have been sued for violations of the federal securities laws. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Trade Desk common stock. The case is pending in the U.S. District Court for the Central District of California and is captioned United Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 WBPA Fund v. The Trade Desk, Inc., et al., No. 25-cv-01396.
 
If you incurred losses on your investments in Trade Desk, you are encouraged to submit your information.
 
Why was Trade Desk Sued for Securities Fraud?
 
Trade Desk is an advertising technology company that offers ad buyers the ability to create and manage data-driven digital advertising campaigns across ad formats and channels. The complaint alleges that during the relevant period, Trade Desk stated it was seeing “massive benefits” surrounding the launch of its next-generation platform, Kokai, and that although it was “already seeing the results of Kokai performance today,” it was “just getting started.”
 
In truth, when these statements were made, Trade Desk was experiencing execution challenges rolling out Kokai, which delayed the rollout and negatively impacted the Company’s business operations and revenue growth.
 
The Stock Declines as the Truth is Revealed
 
On February 12, 2025, after market hours, Trade Desk reported its fourth quarter 2024 financial results. The company reported disappointing revenue of $741 million, well below its guidance of “at least” $756 million in revenue. During the same-day earnings call, the company admitted that “Kokai rolled out slower than we anticipated” as the company was still “trying to understand what the customer needs.” On this news, the price of Trade Desk stock fell over 30% during the course of trading on February 13, 2025, from a closing price of $122.23 per share on February 12, 2025.
 
What are my Rights?
 
If you invested in Trade Desk, you may ask the Court no later than April 21, 2025, which is the first business day after 60 days from the date of the publication of notice of pendency of the action, to appoint you as Lead Plaintiff through counsel of your choice. To be a member of the Class, you need not take any action at this time. The ability to share in any potential future recovery is not dependent on serving as Lead Plaintiff.
 
If you incurred losses on your investments in Trade Desk, you are encouraged to submit your information to speak with an attorney about your rights.
 
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
 
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
 
Why Bleichmar Fonti & Auld LLP?
 
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
 
Attorney advertising. Past results do not guarantee future outcomes.