SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Perion Network Ltd. (NASDAQ:PERI) investors who suffered substantial losses to submit your losses now.
Class Period: Feb. 9, 2021 – Apr. 5, 2024
Lead Plaintiff Deadline: June 17, 2024
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Perion Network Ltd. (PERI) Securities Fraud Class Action:
Digital advertiser Perion Network and most senior executives were recently hit with an investor class action, following the company's announcement of disastrous preliminary Q1 2024 results and updated full year 2024 guidance.
The suit, which is brought on behalf of damaged investors who purchased, or otherwise acquired, Perion common stock during the period from Feb. 9, 2021 through Apr. 5, 2024, inclusive (the "Class Period"), alleges claims of securities fraud stemming from Defendants' alleged misstatements and omissions.
Specifically, the complaint alleges that Defendants misrepresented and 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 ...