ATLANTA, June 11, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Perion Network Ltd. ("Perion" or the "Company") (NASDAQ:PERI). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company's search advertising business and related financial results, growth, and prospects, including allegations 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 ...
PERI) Class Action – Investors With Significant Losses Encouraged to Contact the Firm>Full story available on Benzinga.com