Press release
Deadline on June 17th coming up in Lawsuit for Investors in shares of Perion Network Ltd. (NASDAQ: PERI)
A Deadline is coming up on June 17, 2024 in the lawsuit for certain investors in Perion Network Ltd. (NASDAQ: PERI).
Investors who purchased shares of Perion Network Ltd. (NASDAQ: PERI) have certain options and there are strict and short deadlines running. Deadline: June 17, 2024. Perion Network Ltd. (NASDAQ: PERI) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Perion Network Ltd. (NASDAQ: PERI) common shares between February 9, 2021 and April 5, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 9, 2021 and April 5, 2024, the Defendants made false and/or misleading statements, as well as failed to disclose material facts, including that Perion's search advertising business was not a reliable and significant growth driver and was in fact in decline, that Perion's long-term relationship with Microsoft and search services agreement would not provide stability for Perion's search advertising business, that there was an increased risk of Microsoft acting to unilaterally change its advertising pricing and mechanisms to the detriment of Perion Network Ltd. while the search services agreement was in place, that Perion's AI technology and Microsoft's investment in ChatGPT would not protect or grow Perion's search advertising revenue, and that based on the foregoing, Defendants lacked a reasonable basis for their positive statements about Perion's search advertising business and related financial results, growth, and prospects.
Those who purchased shares of Perion Network Ltd. (NASDAQ: PERI) 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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