Applovin(APP) Prnewswire·2025-04-14 23:25Core Viewpoint - Securities class action lawsuits have been filed against AppLovin Corporation for allegedly making materially false and misleading statements regarding its business practices and financial performance during the specified Class Period from May 10, 2023, to February 25, 2025 [1]. Group 1: Allegations Against AppLovin - Defendants are accused of misrepresenting the company's reliance on fraudulent advertising practices, including "clickjacking" and "click spoofing" [3]. - The complaints allege that AppLovin's advertising and e-commerce program involved intercepting and appropriating advertising attribution credit [3]. - It is claimed that AppLovin employed a backdoor installation scheme to force unwanted apps on customers, leading to inflated revenue figures [3]. - As a result of these practices, statements made by the Defendants regarding the company's business, operations, and prospects were deemed materially false and misleading [3]. Group 2: Lead Plaintiff Process - Investors in AppLovin have until May 5, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP has a global reputation for prosecuting class actions and has recovered billions of dollars for victims of corporate misconduct [5]. - The firm emphasizes its commitment to protecting investors, consumers, and employees from fraud and negligence [5].