Important Information for Investors: Securities Class Action Lawsuit Against AppLovin Corporation
On March 31, 2025, Kahn Swick & Foti, LLC (“KSF”) and former Attorney General of Louisiana, Charles C. Foti, Jr., reminded investors of the upcoming deadline to file lead plaintiff applications in a securities class action lawsuit against AppLovin Corporation (NasdaqGS: APP).
Background
AppLovin Corporation is a leading mobile advertising and app marketing platform company. The Company went public through a merger with a special purpose acquisition company (SPAC) on May 10, 2023. During the Class Period, which lasted from May 10, 2023, to February 25, 2025, AppLovin reported strong financial results and positive growth prospects, leading to an increase in the Company’s stock price.
The Lawsuit
The securities class action lawsuit alleges that AppLovin and certain of its executives made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the lawsuit alleges that the Company misrepresented its revenue growth and user acquisition costs.
Effect on Individual Investors
If you purchased AppLovin Corporation’s securities during the Class Period, you may be eligible to recover your losses as a lead plaintiff in this securities class action lawsuit. The lead plaintiff is a representative party acting on behalf of other class members in the lawsuit. If you wish to act as the lead plaintiff, you must file an application with the court no later than May 5, 2025.
Effect on the World
Securities class action lawsuits are essential tools for protecting investors and ensuring the integrity of the financial markets. By allowing investors to recover their losses, these lawsuits encourage companies to provide accurate and transparent information to the investing public. The outcome of this lawsuit could have a significant impact on AppLovin Corporation and its executives, as well as the mobile advertising and app marketing industry as a whole.
Conclusion
If you purchased AppLovin Corporation’s securities during the Class Period and believe that you have suffered losses as a result of the Company’s alleged false and misleading statements, you may be eligible to recover your losses as a lead plaintiff in this securities class action lawsuit. The deadline to file an application to act as the lead plaintiff is May 5, 2025. For more information, contact KSF at 1-877-515-1850 or [email protected].
- AppLovin Corporation
- Securities Class Action Lawsuit
- May 10, 2023, to February 25, 2025
- False and Misleading Statements
- Revenue Growth and User Acquisition Costs
- May 5, 2025, Deadline to File Lead Plaintiff Application
