Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation for failing to disclose material information, with a deadline for lead plaintiff applications set for May 5, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit involves allegations against AppLovin and certain executives for violating federal securities laws during the class period from May 10, 2023, to February 25, 2025 [1][3]. - The case is identified as Quiero v. AppLovin Corporation, et al., No. 25-cv-02294 [5]. Group 2: Allegations and Impact - Analyst reports have accused AppLovin of engaging in "Ad Fraud" and other questionable practices, including manipulating advertising data from Meta Platforms to inflate ad click-through and app download rates [4]. - Following the news of these allegations, AppLovin's share price dropped from 331.00 on February 26, 2025, reflecting a significant decline [5]. Group 3: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing investors in this case, with a focus on recovering losses due to corporate fraud [5].
APPLOVIN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against AppLovin Corporation - APP