The Rosen Law Firm, a prominent global investor rights law firm, has announced the initiation of a class action lawsuit on behalf of individuals who purchased common stock of Perion Network Ltd. (NASDAQ: PERI). The lawsuit encompasses the period between February 9, 2021, and April 5, 2024, inclusive.
Investors who bought Perion common stock during this timeframe may be entitled to compensation without having to pay any out-of-pocket fees or costs. The Rosen Law Firm is offering a contingency fee arrangement option for eligible individuals.
To participate in the Perion class action, interested parties can visit the website at https://rosenlegal.com/submit-form/?case_id=24206 or contact Phillip Kim, Esq. at the toll-free number 866-767-3653 or via email at [email protected].
It is essential for potential plaintiffs to act swiftly if they wish to serve as the lead plaintiff in the case. The deadline for moving the court is June 17, 2024. The lead plaintiff will represent other class members and guide the litigation process.
The Rosen Law Firm stands out for its extensive experience and success in leadership roles. When choosing legal counsel, investors are advised to consider qualified firms with a proven track record. The Rosen Law Firm has achieved the largest securities class action settlement against a Chinese Company and has consistently ranked among the top securities class action firms for several years.
The lawsuit alleges that Perion Network Ltd. and its executives made false and misleading statements and failed to disclose pertinent information, including the decline of Perion’s search advertising business and the potential inability of its long-term relationship with Microsoft to stabilize the revenue stream. The lawsuit also alleges that Perion’s AI technology and Microsoft’s investment in ChatGPT would not safeguard or expand Perion’s search advertising revenue.
Once the true details of the situation were revealed, investors are claimed to have incurred damages. No class has been certified yet, and individuals can retain their own counsel or choose to remain an absent class member. The ability to partake in any future recovery will not be affected by serving as the lead plaintiff.
Stay updated on the developments of the case by following the Rosen Law Firm on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm, or on Facebook: https://www.facebook.com/rosenlawfirm/.
Please note that this communication is for informational purposes only and does not constitute legal advice or establish an attorney-client relationship. Previous case results do not guarantee a similar outcome in future cases. For more details and contact information, refer to the official website of the Rosen Law Firm: www.rosenlegal.com.
In addition to the information provided in the article, it is important to consider current market trends, forecasts, and key challenges or controversies associated with the subject of the class action lawsuit against Perion Network Ltd. Here are some additional points to consider:
1. Current Market Trends:
– The digital advertising industry has been experiencing significant growth in recent years, driven by the increasing use of online platforms and mobile devices.
– Programmatic advertising, which uses automated systems to buy and sell ad space, has become a dominant force in the market, allowing for more targeted and efficient ad placements.
– Companies like Google and Facebook continue to dominate the digital advertising market, with their vast user bases and advanced targeting capabilities.
2. Forecasts:
– The digital advertising market is projected to continue growing in the coming years, driven by factors such as increasing internet penetration, rising smartphone adoption, and the shift towards online retail and e-commerce.
– Programmatic advertising is expected to play a significant role in the future of digital advertising, as advertisers seek more efficient and data-driven ad buying processes.
– The use of artificial intelligence (AI) and machine learning in advertising technologies is expected to increase, allowing for more personalized and targeted ad campaigns.
3. Key Challenges or Controversies:
– Privacy concerns and regulations, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States, have posed challenges for advertisers in terms of data collection and targeting.
– Ad fraud remains a major issue in the digital advertising industry, with multiple reports indicating significant levels of fraudulent activity, such as fake clicks and impressions.
– The dominance of tech giants like Google and Facebook in the digital advertising market has raised concerns about competition and fairness, as smaller players struggle to compete for ad budgets.
Advantages and Disadvantages:
– Advantages of participating in the class action lawsuit may include the potential for compensation and holding Perion Network Ltd. accountable for alleged false and misleading statements.
– Being part of a class action lawsuit can provide leverage and collective strength that individual plaintiffs may not have on their own.
– However, some disadvantages of participating in a class action lawsuit include uncertainties in the outcome, a potentially long litigation process, and the possibility of receiving a smaller settlement compared to pursuing an individual lawsuit.
Here is a suggested related link to a reputable source that provides more insights into the current digital advertising market trends: eMarketer – Global Digital Ad Spending.
Please note that the information provided should not be considered legal advice, and individuals should consult with a legal professional for specific guidance related to their circumstances.