Digital Turbine, Inc. Class Action Lawsuit - APPS

Company
Digital Turbine, Inc. (NASDAQ: APPS)
Lead Plaintiff Deadline
August 5, 2022 (Expired)
Class Period
August 9, 2021 - May 17, 2022

Expired

Lead Plaintiff Deadline

Aug 5, 2022

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Allegations

(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.

Eligibility

In order to be eligible to join the APPS class action lawsuit, you must have incurred a loss on shares of Digital Turbine purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Digital Turbine during the relevant time frame or pursuant to the relevant offering(s), you have until August 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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