NEW
YORK, June 29, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Digital
Turbine, Inc..
Shareholders who purchased shares of APPS during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/digital-turbine-inc-loss-submission-form/?id=29288&from=4
CLASS PERIOD: August 9,
2021 to May 17, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued 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 certain
of their respective product lines; (2) as a result, revenues for
those product lines must be reported net of license fees and
revenue share, rather than on a gross basis; (3) the Company's
internal control over financial reporting as to revenue recognition
was deficient; and (4) as a result of the foregoing, the Company's
net revenues was overstated throughout fiscal 2022; and (5) as a
result of the foregoing, defendants' positive statements about the
Company's business, operations, and prospects were materially
misleading and/or lacked a reasonable basis.
DEADLINE: August 5, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/digital-turbine-inc-loss-submission-form/?id=29288&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of APPS during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is August 5, 2022. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm