CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Digital Turbine Investors of a Lead Plaintiff Deadline of August 5, 2022

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Aug 01, 2022
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PR Newswire

NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Attention Digital Turbine, Inc. ("Digital Turbine") (NASDAQ: APPS) shareholders:

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between February 26, 2021 and May 31, 2022.

If you suffered a loss on your investment in Digital Turbine, contact us about potential recovery by using the link below. There is no cost or obligation to you.

ABOUT THE ACTION: The class action against Digital Turbine includes allegations that the Company 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 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

Aggrieved Digital Turbine investors only have until August 5, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]

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SOURCE The Law Offices of Vincent Wong

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