NEW
YORK, May 29, 2024 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Perion
Network Ltd. (NASDAQ: PERI).
Shareholders who purchased shares of PERI during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/perion-network-loss-submission-form/?id=81719&from=4
CLASS PERIOD: February 9,
2021 to April 5, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose 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.
DEADLINE: June 17, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/perion-network-loss-submission-form/?id=81719&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of PERI during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 17, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
