NEW YORK, June 21, 2022 /PRNewswire/ — Klein Law Firm Announces Class Action Lawsuit Has Been Filed on Behalf of Digital Turbine, Inc. (NASDAQ: APPS) Shareholders Alleging the Company Violated Federal Securities Laws .
Class period: August 9, 2021 at May 17, 2022
Lead Applicant Deadline: August 5, 2022
No obligation or cost to you.
Learn more about your recoverable losses in APPS:
https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=28809&from=4
Digital Turbine, Inc. NEWS – APPLICATIONS NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Digital Turbine, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s recent acquisitions, AdColony and Fyber, act as agents in some of their respective product lines; (2) therefore, revenues from these product lines should be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company’s internal control over financial reporting with respect to revenue recognition was deficient; and (4) as a result of the foregoing, the Company’s net revenues were overestimated throughout fiscal 2022; and (5) as a result of the foregoing, defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you suffered a loss in Digital Turbine, you have up to August 5, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you purchased Digital Turbine titles during the relevant period, you may be entitled to compensation without payment of out-of-pocket costs.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the APPS trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=28809&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th floor
New York, NY 10118
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com
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