U.s. district court dismisses class action lawsuit against direct digital holdings

Houston , aug. 13, 2025 /prnewswire/ -- direct digital holdings, inc. (nasdaq: drct) ("direct digital holdings" or the "company"), a leading advertising and marketing technology platform operating through its companies colossus media, llc ("colossus ssp") and orange 142, llc ("orange 142"), has been granted a motion to dismiss a shareholder class action lawsuit by the u.s. district court, southern district of texas, houston division, subject to potential appeal.  the lawsuit alleged false and misleading disclosures made by the company in its public filings.
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