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PERI LAWSUIT ALERT: Levi & Korsinsky Notifies Perion Network Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline

Thursday, 30 May 2024 02:15 PM

Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / May 30, 2024 / If you suffered a loss on your Perion Network Ltd. (NASDAQ:PERI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:

https://zlk.com/pslra-1/perion-network-lawsuit-submission-form?prid=82222&wire=1

or contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 to speak to our team of experienced shareholder advocates.

THE LAWSUIT: A class action securities lawsuit was filed against Perion Network Ltd. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between February 9, 2021 and April 5, 2024.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Perion's search advertising business was not a reliable and significant growth driver and was in fact in decline; (2) Perion's long-term relationship with Microsoft and search services agreement would not provide stability for Perion's search advertising business; (3) there was an increased risk of Microsoft acting to unilaterally change its advertising pricing and mechanisms to the detriment of Perion while the search services agreement was in place; (4) Perion's AI technology and Microsoft's investment in ChatGPT, a form of generative AI, would not protect or grow Perion's search advertising revenue; and (5) based on the foregoing, defendants lacked a reasonable basis for their positive statements about Perion's search advertising business and related financial results, growth, and prospects.

WHAT'S NEXT? If you suffered a loss in Perion Network stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/perion-network-lawsuit-submission-form?prid=82222&wire=1 to learn about your rights to seek a recovery. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

Topic:
Class Action
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