NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Perion Network Ltd. ("Perion" or "the Company") (NASDAQ:PERI) and certain of its officers.
Class Definition:
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Perion securities between February 9, 2021 and April 5, 2024, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/PERI.
Case Details:
According to the Complaint, Perion is a global technology company that provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally.
The Complaint alleges that throughout the Class Period, Perion made false and/or misleading statements, as well as failed to disclose material facts, including 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 ...