Applovin(APP) GlobeNewswire News Room·2025-03-29 00:53Core Viewpoint - Rosen Law Firm is reminding investors who purchased AppLovin Corporation securities between May 10, 2023, and February 25, 2025, of the May 5, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by May 5, 2025, to serve as lead plaintiff [2] - Investors can join the class action by visiting the provided link or contacting the law firm directly [6] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3] - The firm was ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3] Group 3: Case Background - The lawsuit alleges that defendants provided misleading information regarding AppLovin's financial growth and stability, including confidence in its AXON 2.0 digital ad platform [4] - Defendants reportedly disseminated materially false statements while concealing adverse facts, such as the use of a "backdoor installation scheme" that inflated installation numbers and profitability [5]