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APPLOVIN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC 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·2025-04-23 02:14

Core Viewpoint - AppLovin Corporation is facing securities class action lawsuits for failing to disclose material information during the class period from May 10, 2023, to March 26, 2025, which may have led to significant financial losses for investors [1][3]. Company Summary - AppLovin's executives are accused of violating federal securities laws by not disclosing critical information that could impact investors [3]. - The company's stock price experienced a significant decline due to allegations of "Ad Fraud" and manipulative practices, dropping from 377.06onFebruary25,2025,to377.06 on February 25, 2025, to 331.00 on February 26, 2025 [4]. - Following further reports of improper use of proprietary data, AppLovin's shares fell by 20.1%, from 327.62to327.62 to 261.70 on March 27, 2025 [5]. Legal Context - The first lawsuit filed against AppLovin is Quiero v. AppLovin Corporation, et al., No. 25-cv-02294, with a subsequent case expanding the class period [6]. - Investors who purchased AppLovin securities during the class period have until May 5, 2025, to file lead plaintiff applications [1][2].