Investors alarmed as Kessler Topaz files class action lawsuit against AppLovin

On April 20, 2025, Kessler Topaz Meltzer & Check, LLP, based in Radnor, Pennsylvania, announced in a press release that they are informing investors about securities class action lawsuits against AppLovin Corporation. These lawsuits were filed on behalf of individuals who purchased or acquired AppLovin securities between May 10, 2023, and February 25, 2025, marking a significant period during which the alleged misconduct occurred. The firm provided contact information for legal representatives, encouraging affected investors to reach out for assistance in navigating this legal landscape. The complaints against AppLovin assert that throughout the designated Class Period, the company made materially false and misleading statements regarding its business and operations, leading investors to believe in a false narrative of company performance. Specifically, it is alleged that AppLovin engaged in fraudulent advertising practices, including strategies like clickjacking and click spoofing, which undermined the integrity of their app segment. Furthermore, the lawsuits contend that AppLovin implemented a backdoor installation scheme to force unwanted applications onto consumers, calling into question ethical business practices within the company. Additionally, the complaints claim that AppLovin's revenue figures were artificially inflated, making the company's claims and statements about its business prospects seem misleading and lacking a reasonable basis. The accumulation of these alleged misrepresentations has culminated in significant investor losses, prompting a call for legal accountability and a response from AppLovin in the face of these serious allegations. Kessler Topaz explained the process for investors to become lead plaintiffs, highlighting that they could step forward to represent the entire class of affected investors by May 5, 2025. A lead plaintiff typically has substantial financial interests tied to the case and plays a vital role in directing the litigation. This provision aims to ensure that investors affected by the alleged misconduct are represented adequately and have a pathway to recovery. The law firm also emphasized its commitment to protecting investors from fraud and misconduct by businesses, reiterating the need for transparency and accountability in corporate actions.