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ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages AppLovin Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – APP
LAWCS Disco(LAW) GlobeNewswire News Room·2025-04-13 00:22

Core Viewpoint - Rosen Law Firm is reminding investors who purchased AppLovin Corporation securities between May 10, 2023, and February 25, 2025, about the upcoming lead plaintiff deadline of May 5, 2025, for a class action lawsuit [1] Group 1: Class Action Details - Investors who bought AppLovin securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][6] - To serve as lead plaintiff, individuals must file a motion with the court by May 5, 2025 [2] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3] Group 3: Case Allegations - The lawsuit alleges that AppLovin's defendants provided misleading information regarding the company's financial growth and stability, including claims about the AXON 2.0 digital ad platform and the use of AI technologies [4] - Defendants reportedly disseminated materially false statements while concealing adverse facts, such as the use of a "backdoor installation scheme" that inflated installation numbers and profitability [5]