NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ: APP) between May 10, 2023 and February 25, 2025, inclusive.
For more information, submit a form at AppLovin Corporation Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (212) 951-2030.
According to the lawsuit, Defendants made misrepresentations concerning the Company’s use of “cutting-edge AI technologies” that purportedly matched advertisements to mobile games. AppLovin also allegedly reported impressive financial results and guidance to investors while using dishonest advertising practices. The truth emerged when analyst research reports revealed that AppLovin was exploiting advertising data and utilizing manipulative practices to artificially inflate its own ad click-through and download rates, erroneously inflating installation numbers and, in turn, its profit figures.
If you wish to serve as lead plaintiff for the Class, you must file papers by May 5, 2025. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
ATTORNEY ADVERTISING. © 2025 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
- The Kelley Financial Group Wins ‘Best-In State Wealth Advisors’ Award for 4th Consecutive Year - May 8, 2025
- Oak Ridge Financial Services, Inc. Announces First Quarter 2025 Results and 17% Increase in Quarterly Cash Dividend - May 8, 2025
- NEXTGEN DIGITAL CLOSES FIRST TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS - May 8, 2025
