Press release
Investigation announced for Long-Term Investors in shares of AppLovin Corporation (NASDAQ: APP) over potential Wrongdoing
An investigation on behalf of current long term investors in AppLovin Corporation (NASDAQ: APP) shares.
Investors who are current long term investors in AppLovin Corporation (NASDAQ: APP) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: APP stocks follows a lawsuit filed against AppLovin Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: APP stocks, concerns whether certain AppLovin Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the defendants provided investors with material information concerning AppLovin's financial growth and stability, that the Defendants' statements included, among other things, confidence in AppLovin's launch of its AXON 2.0 digital ad platform and using "cutting-edge AI technologies" to more efficiently match advertisements to mobile games, in addition to expanding into web-based marketing and e-commerce, and that the defendants publicly reported impressive financial results, outlooks, and guidance to investors, all while using dishonest advertising practices.
Those who purchased shares of AppLovin Corporation (NASDAQ: APP) 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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The investigation by a law firm concerns whether certain AppLovin Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.
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