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PubMatic Hit With Investor Class Action Alleging Nondisclosure of Major DSP Shift

Investor law firms are urging shareholders to seek lead-plaintiff status before the October 20 deadline.

Overview

  • Bronstein, Gewirtz & Grossman, Johnson Fistel, and The Gross Law Firm issued notices stating a class action has been filed against PubMatic and certain officers.
  • The complaint alleges executives failed to disclose that a top demand-side platform migrated many clients to a new system that evaluated inventory differently.
  • Plaintiffs claim the migration cut ad spend routed through PubMatic, reducing the company’s revenue during the period at issue.
  • The proposed class covers investors who purchased PubMatic securities from February 27, 2025 through August 11, 2025, inclusive.
  • The notices emphasize an October 20, 2025 deadline to seek lead-plaintiff appointment, and they report no company response in the materials cited.