Urgent Investor Alert: PubMatic Under Investigation by Faruqi & Faruqi for Alleged Securities Violations – Deadline Approaches!

New York, NY – October 25, 2024 – Investors in PubMatic, Inc. (NASDAQ: PUBM) are facing a critical juncture as Faruqi & Faruqi, LLP, a leading national securities law firm, has launched an exhaustive investigation into potential securities violations by the ad-tech company. This comes amidst allegations that PubMatic may have made materially false or misleading statements to the public, potentially impacting the investments of countless shareholders.

The investigation centers on a recently filed class action lawsuit in the U.S.

District Court for the Northern District of California. This lawsuit claims that PubMatic, and certain of its senior officers, engaged in a scheme to mislead investors regarding the efficacy and proprietary nature of its supply-side platform (SSP) and its ability to navigate significant shifts in the digital advertising landscape, particularly concerning Google's evolving privacy policies.

Specifically, the complaint alleges that PubMatic touted its "Omnisync" product as a proprietary, cutting-edge solution designed to ensure a competitive advantage as the industry moved away from third-party cookies.

However, it is now claimed that Omnisync was not a proprietary PubMatic product at all, but rather a rebranded white-label product licensed from a third party. This alleged misrepresentation painted a false picture of the company's technological independence and future growth prospects, artificially inflating its stock price.

Furthermore, the lawsuit points to PubMatic's alleged misstatements about its readiness for Google's privacy policy changes, which posed a substantial threat to companies reliant on third-party data.

The company purportedly assured investors of its robust adaptation strategies, including the capabilities of its SSP, which the lawsuit contends were exaggerated. These alleged misleading statements about PubMatic's technology and market positioning created an overly optimistic outlook for investors.

As a result of these alleged deceptions, investors who purchased PubMatic securities between February 25, 2021, and November 22, 2023, may have suffered significant financial losses.

The legal action seeks to recover damages on behalf of these affected shareholders.

Faruqi & Faruqi, LLP is now actively urging investors who have incurred losses exceeding $50,000 in PubMatic shares to come forward. There is an approaching deadline for investors to seek appointment as lead plaintiff in the class action lawsuit: December 23, 2024.

Becoming a lead plaintiff allows an investor to direct the litigation and potentially recover losses more effectively.

Investors do not incur any fees or costs by participating in the investigation or the potential class action. Faruqi & Faruqi operates on a contingency fee basis, meaning they are only compensated if there is a recovery for the class.

If you invested in PubMatic, Inc.

and have experienced substantial losses, it is crucial to understand your rights and the opportunity to participate in this legal action. Contact Faruqi & Faruqi, LLP today for a confidential consultation to discuss your options and the path forward.