Perion Network Ltd. Class Action Lawsuit - PERI

The filed complaint alleges that Perion Network Ltd. made 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.

In order to be eligible to join the PERI class action lawsuit, you must have incurred a loss on shares of Perion Network purchased during the class period listed above.

If you suffered a loss in Perion Network during the relevant time frame or pursuant to the relevant offering(s), you have until June 17, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.