Press release
NASDAQ: APLD Investor Alert: Deadline on October 11, 2023 in Lawsuit against Applied Digital Corporation coming up
A Deadline is coming up on October 11, 2023 in the lawsuit for certain investors in Applied Digital Corporation (NASDAQ: APLD).
Investors who purchased shares of Applied Digital Corporation (NASDAQ: APLD) have certain options and there are strict and short deadlines running. Deadline: October 11, 2023. NASDAQ: APLD stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of Applied Digital Corporation (NASDAQ: APLD) common shares between April 13, 2022 and July 26, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 13, 2022 and July 26, 2023, the Defendants made false and/or misleading statements and/or failed to disclose that Applied Digital had overstated the profitability of its datacenter hosting business and its ability to successfully transition into a low-cost AI Cloud services provider, that Applied Digital's Board of Directors was not independent within the meaning of NASDAQ listing rules, that accordingly, Applied Digital had overstated the efficacy of its business model and failed to maintain proper corporate governance standards, that the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Applied Digital Corporation (NASDAQ: APLD) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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