On May 2, 2025, former Louisiana Attorney General Charles C. Foti, Jr. and Kahn Swick & Foti, LLC (KSF) issued a critical reminder to investors regarding impending deadlines for class action lawsuits against AppLovin Corporation (NasdaqGS: APP). The press release highlights that investors who suffered losses exceeding $100,000 during the defined class period—from May 10, 2023, to March 26, 2025—have until May 5, 2025, to file applications to serve as lead plaintiffs in these lawsuits.

2. Context of the Allegations

The lawsuits allege that AppLovin and certain executives failed to disclose material information that is now believed to violate federal securities laws. The allegations emerge from recent research reports that have accused the company of engaging in "Ad Fraud" and other questionable practices. In particular, these reports suggest that AppLovin has been manipulating advertising data from major platforms like Meta, which has raised significant concerns among investors and analysts alike.

Notable Share Price Declines

The allegations have had a tangible impact on AppLovin's stock price. Following the initial report on February 26, 2025, which described the company's dubious practices, shares plummeted from $377.06 to $331.00 in just one day. The situation worsened on March 26, 2025, when Muddy Waters Research published findings indicating that AppLovin was potentially violating the terms of service of key platforms such as Facebook and Google. As a result, the company’s stock suffered a staggering 20.1 percent drop, falling from $327.62 to $261.70 per share the following day.

3. Details of the Class Action Lawsuits

The first filed case, *Quiero v. AppLovin Corporation, et al.,* is registered as No. 25-cv-02294, while a subsequent case, *Wayne County Employees' Retirement System v. AppLovin Corporation, et al.,* No. 25-cv-3438, has expanded the class period to accommodate a broader range of affected investors. The cases are currently pending in the United States District Court for the Northern District of California.

Investors’ Rights and Options

Investors who purchased AppLovin securities during the class period and are interested in discussing their legal rights may contact KSF Managing Partner Lewis Kahn for further information. Those wishing to take on the role of lead plaintiff have until May 5, 2025, to apply to the Court, marking a critical deadline for affected investors seeking justice.

4. About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC is a leading boutique securities litigation law firm recognized for its expertise in corporate fraud cases. With a national presence, KSF has been ranked among the top securities law firms based on total settlement value. The firm represents a diverse clientele, including public and private institutional investors, as well as retail investors, in their pursuit of recoveries for losses stemming from corporate malfeasance.

In this complex and evolving situation, investors are urged to remain vigilant and informed as the implications of these allegations could reverberate throughout the financial landscape affecting AppLovin’s future operations and stock performance.

Original press release