CLASS ACTION NOTICE: Berger Montague Advises AppLovin (NASDAQ: APP) Investors to Inquire About a Securities Fraud Class Action
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Berger Montague has filed a securities class action lawsuit against AppLovin Corporation (APP) on behalf of investors who purchased securities between May 10, 2023, and February 25, 2025. The lawsuit stems from reports by analysts Fuzzy Panda and Culper Research alleging that AppLovin artificially inflated ad click-through and app download rates by exploiting Meta Platforms' advertising data. Following these allegations, APP's stock price dropped 12% from $377.06 to $331.00 per share.
March 26, 2025 | 4:00 pm
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The securities class action lawsuit alleges fraudulent practices in advertising data reporting, which could significantly impact AppLovin's market credibility and financial performance.
The lawsuit directly targets AppLovin's core business practices, alleging systematic data manipulation. The 12% stock price drop immediately following the analyst reports suggests significant market concern about the allegations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100