Levi & Korsinsky Reminds Perion Network Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2024 - PERI

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 Perion's long-term relationship with Microsoft would not provide stability for its search advertising business [2]. - The complaint suggests there was an increased risk of Microsoft unilaterally changing its advertising pricing to Perion's detriment [2]. - The lawsuit contends that Perion's AI technology and Microsoft's investment in ChatGPT would not protect 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 prospects [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Perion Network have until June 17, 2024, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without 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 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 U.S. [4].