Magnite, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Magnite, Inc. (NASDAQ: MGNI) f/k/a Telaria, Inc. (NYSE: TLRA) and/or Rubicon Project (NYSE: RUBI) resulting from allegations that Magnite may have issued materially misleading business information to the investing public.

If you purchased Magnite securities and would like to join the action, please click “Join This Class Action.”

If you purchased Magnite securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

On January 7, 2021, Spruce Point Management released a report detailing Magnite’s dubious business practices and potentially misleading financial statements. In particular, Spruce Point’s report discussed: (1) Telaria’s business woes prior to its merger with Rubicon to create Magnite; (2) Rubicon’s business woes prior to its merger with Telaria; (3) discrepancies in Telaria’s 2019 Capital Expenditures; (4) Magnite removing nearly $9.3 million in “Other Assets” following the merger; (5) Magnite’s misrepresentation regarding its “Supply Path Optimization,” initially describing 2019 as a period of “acceleration” but later calling it “slow”; and (6) Magnite’s questionable financial reporting method which may be hiding indicators of financial challenges for Telaria.

On this news, Magnite shares fell $1.70, or 6.2%, from closing at $27.31 on January 6, 2021, to close at $25.61 on January 7, 2021.

Attorney Advertising. Prior results do not guarantee a similar outcome.



Follow us on:

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top