Workflow
APPLOVIN SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against AppLovin Corporation - APP
APPApplovin(APP) GlobeNewswire News Room·2025-04-24 02:50

Core Viewpoint - AppLovin Corporation is facing securities class action lawsuits due to allegations of failing to disclose material information and engaging in questionable advertising practices during the class period from May 10, 2023, to March 26, 2025 [1][3][4]. Company Allegations - AppLovin and its executives are accused of violating federal securities laws by not disclosing significant information during the class period [3]. - The company has been reported to engage in "Ad Fraud" and manipulative practices, including self-clicking ads and design gimmicks to inflate ad metrics, which led to a significant drop in share price [4]. - On March 26, 2025, it was reported that AppLovin used proprietary third-party data in violation of service terms from major platforms, which could threaten its revenue sustainability [5]. Share Price Impact - Following the revelation of alleged fraudulent practices, AppLovin's share price fell from 377.06onFebruary25,2025,to377.06 on February 25, 2025, to 331.00 on February 26, 2025, marking a decline of approximately 12.2% [4]. - After the March 26 report, the share price plummeted by 20.1%, dropping from 327.62to327.62 to 261.70 on March 27, 2025 [5]. Legal Proceedings - The first filed case is Quiero v. AppLovin Corporation, et al., with a subsequent case expanding the class period [6].