Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of AppLovin Corporation (“AppLovin”) (NASDAQ: APP) breached their fiduciary duties to AppLovin and its shareholders.
Scott+Scott is investigating whether members of AppLovin’s board of directors (the “Board”) made, or caused AppLovin to make, false and/or misleading statements, as well as failed to disclose material adverse facts, about AppLovin’s business, operations, prospects, and financial health. Specifically, Scott+Scott is investigating whether the Board failed to disclose material information, including whether: (1) AppLovin is reverse-engineering and exploiting advertising data from Meta Platforms; (2) AppLovin is using manipulative practices to drive their own ad click-through and app download rates higher; (3) that, as a result, AppLovin was inflating installation numbers and thus its profit figures; and (4) as a result, statements about AppLovin’s business, operations, and prospects lacked a reasonable basis.
On February 26, 2025, two short reports were published, disclosing the above information. On this news, the stock price fell over 12.2%.
CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300, San Diego, CA 92101
(844) 818-6982