COMPANY |
AppLovin Corporation |
COURT |
United States District Court for the Northern District of California |
CASE NUMBER |
4:25cv2772 |
JUDGE |
The Honorable Haywood Stirling Gilliam Jr. |
CLASS PERIOD |
May 10, 2023 through March 26, 2025 |
SECURITY TYPE |
Securities |
Case Background:
A class action lawsuit was filed on behalf of those who purchased or otherwise acquired AppLovin Corporation (“AppLovin”) (NASDAQ: APP) securities between May 10, 2023, and February 25, 2025, inclusive (the “Class Period”).
The complaints allege that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) AppLovin’s app segment relied on the systematic exploitation of fraudulent advertising practices including “clickjacking” and “click spoofing”; (2) AppLovin’s advertising and e-commerce program relied on intercepting and appropriating advertising attribution credit; (3) AppLovin employed a backdoor installation scheme to force unwanted apps on customers; (4) AppLovin’s revenue was falsely inflated; and (5) as a result, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On June 30, 2025, Lead Plaintiff was appointed. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.