Security Investigation

Perion Network Ltd. (NasdaqGS: PERI)

48 Days left to seek lead plaintiff status.

Company Name:Perion Network Ltd

Stock Symbol:NasdaqGS: PERI

Court:Southern District of New York

Class Period Start:02/09/2021

Class Period End (inclusive):04/05/2024

Filing Deadline:06/17/2024

Contact a Lawyer Now

(877) 515-1850

Submit Loss Form

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 17, 2024 to file lead plaintiff applications in a securities class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI).

Perion and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On April 8, 2024, the Company, whose most significant search partner and largest source of revenue is Microsoft, disclosed reduced revenue and adjusted EBITDA expectations for Q1 2024, as well as reduced full-year 2024 guidance to revenue of only $590 million to $610 million (down 19% year over year, from an original range of $860 million to $880 million, or growth of 17% year over year), due to changes to Microsoft Bing’s search advertising pricing and mechanisms.

On this news, the price of Perion’s shares fell by $8.61 per share, or approximately 40%, on April 8, 2024.

If you purchased shares of Perion and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Beisner v. Perion Network Ltd., et al., 24-cv-02860.

Click here to read the first filed complaint.

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How Do We Collect Information About You?

We collect information about you in the following ways:

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the right to be informed;
the right of access;
the right to rectification;
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the right to object; and
rights in relation to automated decision making and profiling.

To exercise these rights with respect to any data provided to Kahn Swick & Foti, please contact us. All requests will be dealt with in accordance with the law.

Your California Privacy Rights

California Civil Code §1798.83 permits our clients who are California residents to request certain information regarding our disclosure of personal information to third parties for their direct marketing purposes.

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All data collected through this website, including data submitted by you, will be stored in the United States. Please note that, should you wish to submit personal data protected under European data protection law (other than for purposes of responding to your inquiry), you should contact us prior to submitting such data to discuss options.

We will only retain your personal data for as long as necessary to satisfy the purpose for which it was collected. Examples include satisfying legal, regulatory, accounting, reporting requirements and/or executing legal work for which we were retained by you. The specific retention period applicable to the type of data obtained will depend upon a variety of factors, including the data type, purpose for which it was obtained, and the nature, volume and sensitivity of the personal data, among others. If you would like to know more about data retention, please contact us.

Changes to Our Privacy Policy

Kahn Swick & Foti reserves the right to change this policy at any time by posting a new privacy policy at this location.

How to Contact Us

If you have questions concerning this Privacy Notice, wish to obtain additional information, or exercise specific data subject rights pursuant to European law (including the General Data Protection Regulation, and other country-specific data protection laws that may apply), please contact us.

Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us