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 the long-term relationship with Microsoft and the search services agreement would not provide stability for Perion's search advertising business [2]. - There is an assertion that Microsoft could unilaterally change its advertising pricing and mechanisms, negatively impacting Perion [2]. - The complaint states that Perion's AI technology and Microsoft's investment in ChatGPT would not safeguard 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 outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Perion Network during the specified timeframe have until June 17, 2024, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [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 United States [4].

NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Perion Network Ltd. ("Perion" or "the Company") (NASDAQ: PERI) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Perion s ...

According to the Complaint, Defendants failed to disclose to investors that: (1) Perion's search advertising business was not a reliable and significant growth driver and was in fact in decline; (2) Perion's long-term relationship with Microsoft and search services agreement would not provide stability for Perion's search advertising business; (3) there was an increased risk of Microsoft acting to unilaterally change its advertising pricing and mechanisms to the detriment of Perion; and (4) Perion's AI tech ...

NEW YORK, June 3, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Perion Network Ltd. (NASDAQ: PERI) between February 9, 2021 and April 5, 2024, both dates inclusive (the "Class Period"), of the important June 17, 2024 lead plaintiff deadline. SO WHAT: If you purchased Perion common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT ...

The case is Beisner v. Perion Network Ltd., et al., 24-cv-02860. About Kahn Swick & Foti, LLC NEW ORLEANS, May 24, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 17, 2024 to file lead plaintiff applications in a securities class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI), if they purchased or otherwise acquired the Company's shares between February 9, 2021 and April 5 ...

Core Viewpoint - A class action lawsuit has been filed against Perion Network Ltd. concerning allegations of securities fraud and unlawful business practices [2]. Financial Performance - Perion reported a decline in search advertising activity in Q1 2024, attributed to changes in advertising pricing and mechanisms by Microsoft Bing [2]. - The company revised its full-year 2024 revenue guidance to a range of $590 million to $610 million, down from the previous guidance of $860 million to $880 million [2]. Stock Market Reaction - Following the announcement of the financial results and guidance revision, Perion's stock price fell by $8.61 per share, approximately 40%, closing at $12.50 per share on April 8, 2024 [3].

Core Viewpoint - A class action securities lawsuit has been filed against Perion Network Ltd. alleging securities fraud that negatively impacted 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 the long-term relationship with Microsoft and the search services agreement would not provide stability for Perion's search advertising business [2]. - There is an assertion that Microsoft could unilaterally change its advertising pricing and mechanisms, adversely affecting Perion [2]. - The complaint states that Perion's AI technology and Microsoft's investment in ChatGPT would not safeguard or enhance Perion's search advertising revenue [2]. - Based on these points, the defendants are accused of lacking a reasonable basis for their positive statements regarding Perion's search advertising business and its financial outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Perion Network during the specified timeframe have until June 17, 2024, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without incurring 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 a strong track record in high-stakes 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 United States [4].

NEW YORK, May 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Perion Network Ltd. (NASDAQ: PERI). DEADLINE: June 17, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/perion-network-loss-submission-form/? id=81719&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of PERI during the timeframe listed above, you will be enrolled in ...

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].

LOS ANGELES, May 21, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Perion Network Ltd. ("Perion" or the "Company") (NASDAQ: PERI). Class Period: February 9, 2021 – April 5, 2024 Lead Plaintiff Deadline: June 17, 2024 If you wish to serve as lead plaintiff of the Perion lawsuit, you can submit your contact information at www.glancylaw.com/cases/Perion-Network-Ltd/. You can al ...