May 23, 2024

Direct Digital Holdings Inc. Class A Common Stock (NASDAQ: DRCT)

Company Name:Direct Digital Holdings Inc. Class A Common Stock

Stock Symbol:NASDAQ: DRCT

Class Period Start:04/17/2023

Class Period End (inclusive):03/25/2024

Filing Deadline:07/22/2024

The Complaint alleges that throughout the Class Period, Defendants made false and misleading statements, as well as failed to disclose material facts, including that: (1) the Company’s transition toward a “cookie-less” advertising environment was accelerated and would impact revenue in 2024; (2) the Company’s alternatives to third-party cookies, including planned investments in AI and machine learning to build on first-party data sources, would not be viable alternatives to third-party cookies and similar tracking technologies; (3) the Company did not have adequate solutions to address the impending phase out of third-party cookies by Google; and (4) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the effectiveness of Direct Digital’s platform and related financial results, growth, and prospects.

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License From You to ClaimsFiler.com
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3. For all other User Content you submit or make available for inclusion on publicly accessible areas of the ClaimsFiler.com Services, the worldwide, royalty-free, non-exclusive, perpetual, irrevocable, and fully sub-licensable license to us, distribute, reproduce, adapt, publish, translate, create derivative works from, publicly perform and publicly display the User Content anywhere on the ClaimsFiler.com network or in connection with any distribution or syndication arrangement with other organizations or individuals or their sites in any format or medium now known or later developed.
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2. ClaimsFiler.com may change these general practices and limits by giving you reason-able notice before the changes take place, in accordance with section 23 below.
Changes to the ClaimsFiler.com Services
1. ClaimsFiler.com is constantly innovating to provide the best possible experience for its users. Accordingly, ClaimsFiler.com may change, interrupt, suspend or cancel any of the ClaimsFiler.com Services temporarily or permanently. We may not tell you beforehand about changes or interruptions that do not materially disadvantage our users or do not materially limit the usage of our services, for example, the addition of functionalities and features or a change to the registration process.
2. In accordance with section 22, we will tell you a reasonable amount of time in advance of any changes or cancellations of ClaimsFiler.com Services that will materially disadvantage our users or materially limit the usage of ClaimsFiler.com Services. This will allow you sufficient time to save any User Content that you may have in that service.
3. For changes we need to make to meet security, legal and regulatory requirements, we may not be able to meet the timescale above. We will let you know about these changes as soon as we can.
4. When a Service requires or includes downloadable software, this software may update automatically on your device once a new version or feature is available. Some Services may let you adjust your automatic update settings.
Cancelling Your Account / Email Address
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4. Cancellation of your ClaimsFiler.com account may include the following:
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  2. deletion of your information and User Content associated with or inside your account
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External links & Content
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Exclusion of Warranties
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  2. your use of the ClaimsFiler.com Services and Software will be uninterrupted, timely, secure, or free from error;
  3. any information obtained by you because of your use of the ClaimsFiler.com Services or Software will be accurate or reliable; and
  4. defects in the operation or functionality of any Software provided to you as part of the ClaimsFiler.com Services will be corrected.
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3. Nothing in the Terms affect your legal rights which you are always entitled to as a consumer and that you cannot contractually agree to alter or waive.
Limitation of Liability
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  6. for any loss you may suffer if you violate the Terms in any way, including your failure to give ClaimsFiler.com accurate and current Registration Data, or your failure to keep your password or account details secure and confidential.
2. These limitations will apply whether ClaimsFiler.com has been advised of or should have been aware of the possibility of any losses arising.
Disclaimer Relating to Financial & Legal Information
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2. If you use the ClaimsFiler.com Services for financial information including about companies, share quotes, investments, or securities, please read the above Sections 19 – 20 again. Information obtained through the ClaimsFiler.com Services should never be used as a substitute for professional legal or financial advice. No content or User Content from the ClaimsFiler.com Services is intended for trading or investing purposes. ClaimsFiler.com, its subsidiaries, affiliates and licensors are not responsible for any legal, financial, trading or investment decisions based on such information.
3. Information obtained through the ClaimsFiler.com Services should never be used as a substitute for professional legal advice. Always seek the advice of a suitably qualified lawyer authorized to practice in the appropriate jurisdiction before taking any course of action that may affect your legal rights.
Notice
1. You may communicate with ClaimsFiler.com via the contact details provided here.
2. ClaimsFiler.com may give you notices (such as those regarding changes to the Terms) by various methods, including email, regular mail, text message, online notices on the ClaimsFiler.com Services, or other reasonable means. Notifications about ClaimsFiler.com Services for which no registration is required are generally announced via an online notice on the ClaimsFiler.com Service.
3. If you violate these Terms by accessing the ClaimsFiler.com Services in an unauthorized manner, you may not receive notices. You agree that you are deemed to have received all notices that would have been delivered had you accessed the ClaimsFiler.com Services in an authorized manner.
Trademark Information
1. ClaimsFiler.com’s trademarks, trade names, service marks and other ClaimsFiler.com logos, brand features, and product and service names are trademarks and the property of ClaimsFiler.com (the “ClaimsFiler.com Marks”). You agree not to use in any manner, the ClaimsFiler.com Marks without ClaimsFiler.com’s prior written permission
Terms & Copyright Violations
1. Please report any violations of the Terms to our Contact Us page. For more information, please see our Contact Us page
2. ClaimsFiler.com respects the intellectual property of others, and we ask our users to do the same. If you believe that any of your intellectual property rights have been infringed on the ClaimsFiler.com Services, please report the problem by contacting ClaimsFiler.com.
DisputesAny dispute or claim relating in any way to your use of any ClaimsFiler.com Service, or to any products or services sold or distributed by ClaimsFiler.com or through ClaimsFiler.com.com will be resolved by binding arbitration, rather than in court. The Federal Arbitration Act and federal arbitration law apply to this agreement.
1. There is no judge or jury in arbitration, and court review of an arbitration award is limited. However, an arbitrator can award on an individual basis the same damages and relief as a court (including injunctive and declaratory relief or statutory damages) and must follow the terms of these Conditions of Use as a court would.
2. To begin an arbitration proceeding, you must send a letter requesting arbitration and describing your claim to our legal agent Kahn Swick & Foti LLC, 1100 Poydras St., Suite 3200 – New Orleans, LA 70163. The arbitration will be conducted by the American Arbitration Association (AAA) under its rules, including the AAA’s Supplementary Procedures for Consumer-Related Disputes. The AAA’s rules are available at www.adr.org or by calling 1-800-778-7879. Payment of all filing, administration and arbitrator fees will be governed by the AAA’s rules. likewise, ClaimsFiler.com will not seek attorneys’ fees and costs in arbitration unless the arbitrator determines the claims are frivolous. You may choose to have the arbitration conducted by telephone, based on written submissions, or in person in the county where you live or at another mutually agreed location.We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court rather than in arbitration we each waive any right to a jury trial. We also both agree that you or we may bring suit in court to enjoin infringement or other misuse of intellectual property rights.
Changes to These Terms
1. ClaimsFiler.com may update these Terms in the future for various reasons, including, to accommodate changes in the law or changes to the ClaimsFiler.com Services. We will give you reasonable advance notice of any material changes before we apply them. Notifications will be made in accordance with section 22 above.
2. If you do not agree to the changes in the Terms, you should stop using the ClaimsFiler.com Services and Software.
General Information
1. Entire Agreement. These Terms (including applicable online guidelines referred to above) make up the entire agreement between you and ClaimsFiler.com and govern your use of the ClaimsFiler.com Services, overriding any previous version of these Terms between you and ClaimsFiler.com about the ClaimsFiler.com Services. You may be subject to additional terms and conditions that may apply when you use or purchase some ClaimsFiler.com Services, affiliate services or content or software from other organizations or persons.
2. Choice of Law and Forum. Our relationship, these Terms, and any non-contractual obligations in relation to them will be governed by the laws of the United States and the State of Louisiana to the extent that arbitration does not apply.
3. Neither of us will be considered to have waived any right under these Terms because of failure or delay in exercising that right. If any provision of the Terms is found by a court of competent jurisdiction to be invalid, the other provisions of the Terms will remain in full force and effect.
4. Neither ClaimsFiler.com nor you may transfer any of these Terms except that ClaimsFiler.com may transfer any of the Terms to a company that is a subsidiary or holding company of ClaimsFiler.com, or a subsidiary of that holding company. We will give you reasonable notice before this occurs. Notifications will be made in accordance with section 22 above.
5. If ClaimsFiler.com or you cannot do what has been promised in these Terms because of something beyond our reasonable control, neither ClaimsFiler.com nor you will be responsible for this. If the events continue for more than three months, ClaimsFiler.com or you can cancel these Terms immediately by giving written notice.
6. The section titles in these Terms are for convenience only and have no legal or contractual effect.
7. The words “include” or “including” in these Terms mean without limitation to the words following.
8. Unless the Terms say otherwise, there will be no third-party beneficiaries to this agreement.
9. No Right of Survivorship and Non-Transferability. Your ClaimsFiler.com account is non-transferable and any rights to your ClaimsFiler.com ID or contents within your account will be cancelled upon your death. If we receive a copy of a death certificate, the relevant account may be cancelled, and all its contents permanently deleted.
Legal Services
1. Your review, consideration, contribution, or exchange of information on the ClaimsFiler.com website, either as a registered member or as a visitor to the site, does not create a lawyer-client relationship between you and ClaimsFiler.com. ClaimsFiler.com encourages website users to take advantage of the information service offered on ClaimsFiler.com and to participate in any community forums and message boards that may be established. Your doing so, however, is not part of any attorney-client relationship and remains subject to the Terms and Conditions and Privacy Policy applicable to that service.
2. By agreeing to these Terms of Service, you also agree that ClaimsFiler.com may allow third-party law firm(s) to review any information supplied to ClaimsFiler.com for the purposes of monitoring your information for instances of securities fraud, negligence, or breaches of corporate fiduciary duties. In any instance whereby a third-party or associated law firm(s) identifies any such instance, you consent to be notified by such law firm. The subsequent establishment of any attorney client relationship between you and such law firm(s) is not governed by these Terms and Service and shall only be established independently between you and such law firm(s).
3. ClaimsFiler.com will take all necessary steps to assure that any information or data supplied by you will be held in strict confidence and will also take reasonable measures to help assure that no information will be disclosed by any third-party law firm engaged for such data review.
4. While there is no attorney-client relationship established by you and any third-party law firm, absent you entering into a retention of said firm, all third-party firm(s) associated with ClaimsFiler.com will keep confidential the information you provide when you ask us to evaluate a possible claim or other legal problem, to the same extent that such information would be confidential if an attorney-client relationship actually existed between you and such firm(s). All information provided by you will remain confidential regardless of whether any third-party attorney-client relationship is created.
5. ClaimsFiler.com reserves the right to reveal confidential information only if: (1) we believe it is necessary to prevent your committing a crime that is likely to result in death or substantial bodily harm; (2) we must establish a claim or to defend ClaimsFiler.com in a controversy with you; or (3) to respond to allegations about how we have represented you.
6. Not withstanding the foregoing, Professional and High Net Worth Members of ClaimsFiler.com are entitled to receive unlimited communications with personal Securities Attorneys. To take advantage of this special benefit and to submit your inquiries directly to an Attorney, a special “Contact Lawyer” email link will be provided to you on your profile page. You should use this link to initiate communication directly with your Securities Attorney. Professional and High Net Worth Members are also entitled to received fully contingent legal representation in matters relating to federal securities fraud, negligence and breaches of fiduciary duty claims against publicly traded companies. The ultimate decision to accept legal representation in any matter is subject to the legal analysis and opinion of the Securities Attorney and is final. The establishment of any attorney/client retention agreement for representation is directly between you and the Securities Attorney, independent of ClaimsFiler.com.

Recent Security Class Actions

Direct Digital Holdings Inc. Class A Common Stock (NASDAQ: DRCT)

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We have you Covered

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Privacy Policy

Scope

Personal Information We May Collect and Where It Comes From

Information You Provide To ClaimsFiler

Information We Collect From Your Financial Account

Information We Collect From Your Devices

Information We Receive About You From Other Sources

How We Disclose And Use Information

How We Share Your Information

How We Handle / Secure Your Information

Our Legal Basis for Handling Your Information

International Visitors

Children’s Privacy

Data Retention

Data Deletion

Updates To This Privacy Policy

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Recent Security Class Actions

Direct Digital Holdings Inc. Class A Common Stock (NASDAQ: DRCT)

Real Time Class Action Monitoring for ALL of Your Investment Accounts

No Matter Your Brokerage,We have you Covered

Terms of Service

Privacy Policy

Scope

Personal Information We May Collect and Where It Comes From

Information You Provide To ClaimsFiler

Information We Collect From Your Financial Account

Information We Collect From Your Devices

Information We Receive About You From Other Sources

How We Disclose And Use Information

How We Share Your Information

How We Handle / Secure Your Information

Our Legal Basis for Handling Your Information

International Visitors

Children’s Privacy

Data Retention

Data Deletion

Updates To This Privacy Policy

Contact Us

No Matter Your Brokerage,
We have you Covered