Johnson Fistel, PLLP Begins Investigation on Behalf of Long-Term Shareholders of PubMatic, Inc. (PUBM)

Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of PubMatic, Inc. (NASDAQ: PUBM) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to the dates listed below may have standing to seek corporate governance reforms focused on executive oversight, the return of funds to the Company, and a court-approved incentive award, at no cost to them.

If you have held PubMatic shares continuously since prior to February 27, 2025, you may have standing to seek corporate governance reforms focused on executive oversight at PubMatic.

Complaint Allegations
A previously filed securities class action complaint alleges that throughout the class period Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts regarding PubMatic’s business, operations, and prospects. Specifically, the complaint alleges Defendants failed to disclose that a top demand-side platform (“DSP”) buyer was shifting a significant number of clients to a new platform that evaluated inventory differently; that, as a result, PubMatic experienced a reduction in ad spend and revenue from this top DSP buyer; and that, 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.