Investors Urged to Join Class Action Against AppLovin Corporation Over Alleged Securities Fraud

Investor Alert: Class Action Lawsuit Against AppLovin Corporation

On March 17, 2025, the Pomerantz Law Firm made a significant announcement regarding the filing of a class action lawsuit against AppLovin Corporation, trading under the ticker symbol 'APP' on NASDAQ. This lawsuit comes as a response to allegations of securities fraud and other unlawful practices involving the company. Investors who may have experienced losses related to their AppLovin investments are strongly encouraged to take note of this development and consider participating in the lawsuit.

Details of the Lawsuit

The class action lawsuit centers around claims that AppLovin and some of its top officers and directors may have engaged in misleading practices that would qualify as securities fraud. Specifically, investors are advised that they have until May 5, 2025, to request to be appointed as Lead Plaintiff in this legal matter. To participate, those who purchased or acquired securities during the set Class Period should reach out to Danielle Peyton at Pomerantz via email at [email protected] or at 646-581-9980, or toll-free at (888) 4-POMLAW, Ext. 7980. When contacting, potential class members are encouraged to include their mailing address, phone number, and details of the number of shares bought. A full copy of the complaint can be found on Pomerantz’s official site (www.pomerantzlaw.com).

Allegations Against AppLovin

The lawsuit is bolstered by reports published on February 26, 2025, by Fuzzy Panda Research and Culper Research that claimed AppLovin utilized a "systematic exploitation of app permissions." The reports suggest that the company was potentially forcing unwanted app installations directly onto user devices and harvesting significant amounts of data from Meta amid their e-commerce endeavors. Following these allegations, AppLovin's stock price plummeted by $46.06, representing a significant 12.2% decrease and closing at $331.00 per share on the day of the reports' release.

About Pomerantz Law Firm

Pomerantz LLP is known as one of the leading law firms in the realms of corporate, securities, and antitrust class litigation. Having been established by the late Abraham L. Pomerantz, who is recognized as the dean of the class-action bar, the firm has over 85 years of experience in advocating for the rights of victims affected by securities fraud and corporate misconduct. Pomerantz has achieved numerous multimillion-dollar recovery awards for class members and continues its tradition of fighting for justice in corporate accountability.

Call to Action for Investors

Investors who believe they have incurred losses due to potential malpractices by AppLovin Corporation should consider taking prompt action. This class action lawsuit may represent an opportunity to seek recovery for damages suffered, underscoring the importance of being proactive in joining the legal fight. Inquiries can be made through the pressing channels outlined above, enabling investors to stand against alleged corporate wrongdoing. With the upcoming deadline for Lead Plaintiff applications, the time to act is now.

Conclusion

As the legal landscape unfolds, it remains pivotal for affected investors to stay informed and engaged. The Pomerantz Law Firm is poised to provide the necessary support and guidance to navigate this class action lawsuit, aiming to ensure that investors' voices are heard and that justice prevails against unaccountable corporate practices.