Stockholders of Perion Network Ltd. (NASDAQ: PERI) are reminded of the upcoming lead plaintiff deadline on June 17, 2024. A class action lawsuit has been filed against the company, and stockholders who purchased Perion common stock between February 9, 2021, and April 5, 2024, may be eligible for compensation.
To join the class action and potentially receive compensation without any out-of-pocket fees or costs, interested stockholders can visit the website provided by Rosen Law Firm, the global investor rights law firm representing the investors. They can also call Phillip Kim, Esq. at 866-767-3653 or send an email to [email protected] for more information on how to participate.
It is crucial for stockholders to act before the June 17 deadline if they wish to serve as lead plaintiff. The lead plaintiff represents other members of the class in the litigation proceedings.
When selecting legal counsel, it is recommended that investors choose experienced and reputable firms like Rosen Law Firm. With a strong track record in leadership roles, Rosen Law Firm specializes in securities class actions and shareholder derivative litigation. The firm has successfully obtained the largest-ever securities class action settlement against a Chinese company and has recovered hundreds of millions of dollars for investors.
The lawsuit alleges that defendants made false statements or failed to disclose important information about Perion’s search advertising business and its long-term relationship with Microsoft. It is claimed that these actions misled investors and caused damages when the true details became known.
While the class action is ongoing, stockholders have the option to remain absent class members and take no action at this time. It’s important to note that serving as lead plaintiff is not a requirement for investors to potentially share in any future recovery.
Stay updated on the latest developments by following Rosen Law Firm on LinkedIn, Twitter, and Facebook.
In addition to the information provided in the article, here are some facts and discussion points regarding the topic:
1. Current market trends: The market for search advertising has been steadily growing in recent years. Companies like Perion Network Ltd. have been benefiting from the increasing digital advertising expenditure by businesses. The COVID-19 pandemic has further accelerated the shift towards online advertising, as more people spend time online.
2. Forecasts: Market research firms predict continued growth in the search advertising market. According to a report by eMarketer, spending on search advertising is expected to reach $171.06 billion globally by 2023. This indicates potential opportunities for companies operating in this space, including Perion Network Ltd.
3. Key challenges or controversies: One key challenge facing Perion Network Ltd. is the ongoing class action lawsuit. The lawsuit alleges false statements and non-disclosure of important information about the company’s search advertising business and its relationship with Microsoft. If the allegations hold true, it could have a negative impact on the company’s reputation and financial performance.
4. Advantages and disadvantages: Participating as a lead plaintiff in the class action lawsuit can potentially lead to compensation for eligible stockholders without out-of-pocket fees or costs. However, serving as lead plaintiff also comes with responsibilities and potential risks. It is important for stockholders to carefully consider their options and consult with legal counsel before making a decision.
For more information and updates on the class action lawsuit, interested individuals can follow Perion Network Ltd.’s investor relations page on their official website: Perion Network Ltd. Investor Relations.
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