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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in AppLovin Corporation of Class Action Lawsuit and Upcoming Deadlines - APP
APPApplovin(APP) Prnewswire·2025-03-17 17:41

Core Viewpoint - A class action lawsuit has been filed against AppLovin Corporation, alleging securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves allegations that AppLovin and certain officers/directors engaged in securities fraud [2]. - Investors have until May 5, 2025, to request to be appointed as Lead Plaintiff if they purchased AppLovin securities during the Class Period [3]. - Reports from Fuzzy Panda Research and Culper Research claim that AppLovin exploits app permissions for unauthorized app installations and steals data from Meta [3]. Group 2: Stock Price Impact - Following the publication of the allegations, AppLovin's stock price dropped by 46.06pershare,or12.246.06 per share, or 12.2%, closing at 331.00 on February 26, 2025 [3]. Group 3: Law Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for class members [4].