BOSTON, MA / ACCESSWIRE / June 28, 2022 / Block & Leviton announces that a class action lawsuit has been filed against Digital Turbine, Inc. (NASDAQ:APPS) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/apps.
What is this all about?
On May 17, 2022, Digital Turbine, Inc. announced that it will restate its financial statements for the interim periods ended June 30, 2021, September 30, 2021, and December 31, 2021, following a review of the presentation of revenue net of license fees and revenue share for the Company's recently acquired businesses.
On this news, shares of Digital Turbine fell more than 7% in intraday trading on May 18, 2022.
Then on May 31, 2022, after the market closed, Digital Turbine released financial results for the quarter ending March 31, 2022, in which the company delayed filing its annual report, due to the identification of a material weakness in its internal controls over financial reporting.
Shares of Digital Turbine stock dropped more than 20% in intraday trading on June 1, 2022.
Who is eligible?
Anyone who purchased Digital Turbine, Inc. stock between August 9, 2021 and May 17, 2022 is eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is August 5, 2022. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email [email protected] with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: [email protected]
www.blockleviton.com
SOURCE: Block & Leviton LLP