Important Information for AppLovin Corporation Investors: Rosen Law Firm Reminds of Upcoming Deadline for Securities Class Action Lawsuit
New York, NY, March 19, 2025 – The Rosen Law Firm, a global investor rights law firm, reminds purchasers of AppLovin Corporation (NASDAQ: APP) securities between May 10, 2023 and February 25, 2025, both dates inclusive (the “Class Period”), of the important May 5, 2025 lead plaintiff deadline.
If you purchased AppLovin securities during the Class Period and wish to serve as lead plaintiff of the proposed class action, please contact the Rosen Law Firm before the May 5, 2025 deadline. A securities class action lawsuit has been filed against AppLovin Corporation in the United States District Court for the Northern District of California on behalf of purchasers of the Company’s securities during the Class Period. This class action seeks to recover damages for AppLovin investors under the Securities Exchange Act of 1934.
Background on AppLovin Corporation
AppLovin Corporation is a leading mobile advertising and gaming technology company. The Company’s platform provides advertisers with a comprehensive suite of tools and services to reach and engage their desired audiences, while its gaming division develops and publishes popular mobile games. AppLovin’s advertiser platform, Max, offers a range of services including mediation, monetization, and measurement, allowing advertisers to optimize their mobile advertising campaigns across various mobile apps and websites.
Allegations against AppLovin Corporation
The complaint alleges that AppLovin Corporation made materially false and misleading statements and failed to disclose material information during the Class Period. Specifically, the complaint alleges that the Company misrepresented its financial performance and growth prospects, particularly with respect to its advertiser business, by failing to disclose that the Company’s growth was driven in part by deceptive and fraudulent practices.
Effects on Individual Investors
The consequences of this potential securities fraud for individual investors can be significant. If the allegations in the complaint are proven, investors who purchased AppLovin securities during the Class Period may be able to recover their losses through the securities class action lawsuit. The lead plaintiff, who will represent the interests of the class, could potentially receive an award of damages, as well as other relief, such as a return of underwriting fees and expenses.
Effects on the World
The implications of this securities fraud case extend beyond just the affected investors. The alleged deceptive practices by AppLovin Corporation, if proven, could erode trust in the mobile advertising industry as a whole. This, in turn, could lead to increased regulation and scrutiny of mobile advertising practices, potentially impacting the business models of other companies in the industry.
Conclusion
The Rosen Law Firm encourages AppLovin Corporation investors who purchased securities during the Class Period to contact the firm before the May 5, 2025 lead plaintiff deadline to discuss their potential recovery options. The Rosen Law Firm represents investors worldwide, and the firm has a proven track record of successfully prosecuting securities class actions.
Investors who wish to learn more about the securities class action lawsuit against AppLovin Corporation can visit www.rosenlegal.com for more information. You may also contact the Rosen Law Firm by calling (212) 686-1060 or emailing [[email protected]](mailto:[email protected]) for additional information.
About The Rosen Law Firm, P.A.:
The Rosen Law Firm, P.A. is a leading global investor rights law firm committed to protecting investors and securing financial compensation for investors who have been victimized by securities fraud, negligence, and other forms of corporate wrongdoing. The Rosen Law Firm, P.A. represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation.
