Shareholder Alert: Class Action Lawsuit Filed Against Perion Network Ltd.

Investors are notified of a class action lawsuit initiated against Perion Network Ltd. PERI, an international advertising firm based in Israel. The legal action stems from allegations that the company and its executives released materially false and misleading statements to the public, thus violating federal securities laws. Specifically, the lawsuit asserts that Perion failed to disclose critical adverse facts about the company's financial health and prospects.

Impact on Shareholders

This lawsuit is significant for shareholders who have sustained considerable financial losses. The deadline to apply as lead plaintiff is set for June 17, 2024. Those who have invested in PERI and experienced significant losses are urged to contact the representing firm, Holzer & Holzer, LLC, regarding their legal rights and options.

About Perion Network Ltd.

Perion Network Ltd. PERI specializes in delivering advertising solutions to publishers, agencies, and brands globally. With its headquarters in Holon, Israel, Perion has developed a strategic position within the advertising industry.

Comparative Industry Giant: Microsoft Corporation

While Perion focuses on advertising, an industry giant, Microsoft Corporation MSFT, operates in the broader technology sector. MSFT produces an array of high-demand consumer and professional technology products, including its Microsoft Windows operating systems, the Microsoft Office suite, and its line of Microsoft Surface computers. As of 2016, Microsoft was the world's largest software maker by revenue. Listed in the Fortune 500, Microsoft is known as one of the Big Five in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.

Legal Recourse for Investors

Investors in PERI who have been financially harmed by the company's alleged misinformation have a time-sensitive opportunity to advocate for their interests. Joining the class action lawsuit as a lead plaintiff requires affected investors to act by the June deadline. The lawsuit aims to recover damages on behalf of the group of investors.

lawsuit, class-action, shareholders