Johnson Fistel, PLLP Investigates AppLovin Corporation (NASDAQ: APP)

Shareholder rights law firm Johnson Fistel, PLLP is investigating potential violations of federal and state securities laws by certain officers and directors of AppLovin Corporation (NASDAQ: APP). Current, long-term shareholders of the company who have continuously held shares during the relevant time period may be able to hold certain officers and directors personally accountable for misconduct. You may also be able to assist in reforming the company’s corporate governance to prevent future wrongdoing.

A class action lawsuit was filed on March 5, 2025 in the U.S. District Court for the Northern District of California on behalf of investors. During the Class Period, Defendants provided investors with material information concerning AppLovin’s financial growth and stability. Defendants’ statements included, among other things, confidence in AppLovin’s launch of its AXON 2.0 digital ad platform and using “cutting-edge AI technologies” to more efficiently match advertisements to mobile games, in addition to expanding into web-based marketing and e-commerce. The Complaint alleges that Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts related to AppLovin’s manipulative practices to force unwanted apps on customers using a “backdoor installation scheme” which inaccurately inflated installation numbers, and, in turn its profitability, and that such statements absent these material facts caused Plaintiff and other shareholders to purchase AppLovin’s securities at artificially inflated prices.