-60% p.a.
bt_headshoulder_sharpeopt_mixed
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -60 Days active 408 …
tickers: APP
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| APP | negatively | AppLovin Corporation (APP) could face a negative impact on its stock because there is court action alleging that the company`s actions of involvement in misdispatching truthful and deficit information or manipulated in advertiser data and installation numbers might lower its future profitability. Litigation against claims of data misappropriation and misleading financial misconduct may lead to substantial post litigation rulings or settlements that could strain shareholders. |
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summary
Deadline Alert for SWKS, MRVI, and APP: Investors Reminded of Class Actions
The Law Offices of Frank R. Cruz has issued a reminder to investors regarding ongoing class action lawsuits filed on behalf of shareholders of three publicly-traded companies: Skyworks Solutions, Inc. (SWKS), Maravai LifeSciences Holdings, Inc. (MRVI), and AppLovin Corporation (APP). Investors have until May 5, 2025, to file a lead plaintiff motion if they wish to participate in these legal actions.
Skyworks Solutions, Inc. (SWKS)
The class action lawsuit against Skyworks Solutions, Inc. covers the period from July 30, 2024, to February 5, 2025. The complaint alleges that the company and its executives made materially false and misleading statements. Specifically, it claims that Skyworks did not disclose the uncertainty surrounding its relationship with Apple, its largest customer, and exaggerated its position in AI. Investors, who have suffered losses in Skyworks since July 30, 2024, are encouraged to respond with timetable intact to these class actions.
Maravai LifeSciences Holdings, Inc. (MRVI)
The class period for Maravai LifeSciences Holdings, Inc. extends from August 7, 2024, to February 24, 2025. The lawsuit asserts that the company lacked adequate internal controls over financial reporting, leading to inaccurate revenue recognition and overstated goodwill. These deficiencies allegedly resulted in misleading statements about the company’s financial health and prospects. Maravai shareholders who incurred losses during this period are urged to take action to preserve their rights.
AppLovin Corporation (APP)
The lawsuit against AppLovin Corporation spans from May 10, 2023, to February 25, 2025. The complaint alleges that AppLovin engaged in exploiting advertiser data from Meta Platforms and using manipulative practices to inflate installation numbers and profit figures. These actions allegedly led to misleading statements about the company’s operations and financial performance. AppLovin shareholders who experienced losses during the class period are advised to contact The Law Offices of Frank R. Cruz to discuss their legal options. Investors who are considering participating in these class actions must file a lead plaintiff motion by May 5, 2025, to be eligible.
