On September 2, 2025, Magistrate Judge Jolie A. Russo of the United States District Court for the District of Oregon appointed Johnson Fistel’s client, Diamond Head Capital International Fund, L.P., as Lead Plaintiff and designated Johnson Fistel as Lead Counsel for the putative class in Ullom v. Digimarc Corporation et al.
Digimarc (NASDAQ: DMRC) is known for its digital watermarking and identification technologies, including invisible barcodes introduced in 2019 through a partnership with Walmart.
The Digimarc lawsuit arises from the company’s February 26, 2025 disclosure of disappointing financial results for the fourth quarter and full year 2024. Specifically, the company revealed a decline in Annual Recurring Revenue (ARR) to $20.0 million as of December 31, 2024, compared to $22.3 million the prior year. According to Digimarc, the decrease stemmed largely from the June 2024 expiration of a large commercial contract. Following this surprise announcement, Digimarc’s stock price fell $11.65 per share, or approximately 43%, closing at $15.39 per share on February 27, 2025.
The complaint alleges that Digimarc, along with CEO Riley McCormack and CFO Charles Beck, violated the Securities Exchange Act of 1934 by making false and misleading statements and omitting material facts concerning the expired contract during the class period, thereby artificially inflating the company’s stock price.
Johnson Fistel’s appointment as Lead Counsel underscores its proven expertise and leadership in securities class action litigation. As Lead Counsel, the firm is dedicated to vigorously pursuing justice and maximizing recovery for the Lead Plaintiff and other investors impacted by the defendants’ alleged fraudulent conduct. Johnson Fistel stands ready to leverage its experience and resources to secure meaningful outcomes for all injured investors.
- Lead Attorneys: Michael I. Fistel, Jr. and Jeffrey A. Berens.
- Case: Ullom v. Digimarc Corporation et al., Civil Action No: 3:25-cv-00779-JR (D. Or.).
- Putative Class: All persons and entities that purchased or otherwise acquired Digimarc securities (NASDAQ: DMRC) between May 3, 2024 and February 26, 2025, inclusive.
