NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Perion Network Ltd. ("Perion" or the "Company") (NASDAQ: PERI) and reminds investors of the June 17, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Per ...

NEW YORK, June 5, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Perion Network Ltd. (NASDAQ: PERI). Shareholders who purchased shares of PERI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/perion-network-loss-submission-form/?id=82720&from=4 CLASS PERIOD: February 9, 2021 ...

Core Viewpoint - A class action securities lawsuit has been filed against Perion Network Ltd. alleging securities fraud that affected investors between February 9, 2021, and April 5, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Perion's search advertising business was not a reliable growth driver and was actually in decline [2]. - It is alleged that the long-term relationship with Microsoft and the search services agreement would not provide stability for Perion's search advertising business [2]. - There is an assertion that Microsoft could unilaterally change its advertising pricing and mechanisms, negatively impacting Perion [2]. - The complaint states that Perion's AI technology and Microsoft's investment in ChatGPT would not safeguard or enhance Perion's search advertising revenue [2]. - Defendants are accused of lacking a reasonable basis for their positive statements regarding Perion's search advertising business and its financial outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Perion Network during the specified timeframe have until June 17, 2024, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Perion Network Ltd. ("Perion" or "the Company") (NASDAQ: PERI) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Perion s ...

According to the Complaint, Defendants failed to disclose to investors that: (1) Perion's search advertising business was not a reliable and significant growth driver and was in fact in decline; (2) Perion's long-term relationship with Microsoft and search services agreement would not provide stability for Perion's search advertising business; (3) there was an increased risk of Microsoft acting to unilaterally change its advertising pricing and mechanisms to the detriment of Perion; and (4) Perion's AI tech ...

NEW YORK, June 3, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Perion Network Ltd. (NASDAQ: PERI) between February 9, 2021 and April 5, 2024, both dates inclusive (the "Class Period"), of the important June 17, 2024 lead plaintiff deadline. SO WHAT: If you purchased Perion common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT ...

The case is Beisner v. Perion Network Ltd., et al., 24-cv-02860. About Kahn Swick & Foti, LLC NEW ORLEANS, May 24, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 17, 2024 to file lead plaintiff applications in a securities class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI), if they purchased or otherwise acquired the Company's shares between February 9, 2021 and April 5 ...

Core Viewpoint - A class action lawsuit has been filed against Perion Network Ltd. concerning allegations of securities fraud and unlawful business practices [2]. Financial Performance - Perion reported a decline in search advertising activity in Q1 2024, attributed to changes in advertising pricing and mechanisms by Microsoft Bing [2]. - The company revised its full-year 2024 revenue guidance to a range of $590 million to $610 million, down from the previous guidance of $860 million to $880 million [2]. Stock Market Reaction - Following the announcement of the financial results and guidance revision, Perion's stock price fell by $8.61 per share, approximately 40%, closing at $12.50 per share on April 8, 2024 [3].

Core Viewpoint - A class action securities lawsuit has been filed against Perion Network Ltd. alleging securities fraud that negatively impacted investors between February 9, 2021, and April 5, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Perion's search advertising business was not a reliable growth driver and was actually in decline [2]. - It is alleged that the long-term relationship with Microsoft and the search services agreement would not provide stability for Perion's search advertising business [2]. - There is an assertion that Microsoft could unilaterally change its advertising pricing and mechanisms, adversely affecting Perion [2]. - The complaint states that Perion's AI technology and Microsoft's investment in ChatGPT would not safeguard or enhance Perion's search advertising revenue [2]. - Based on these points, the defendants are accused of lacking a reasonable basis for their positive statements regarding Perion's search advertising business and its financial outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Perion Network during the specified timeframe have until June 17, 2024, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

NEW YORK, May 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Perion Network Ltd. (NASDAQ: PERI). DEADLINE: June 17, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/perion-network-loss-submission-form/? id=81719&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of PERI during the timeframe listed above, you will be enrolled in ...