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ROSEN, A LEADING LAW FIRM, encourages Perion Network Ltd.

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Perion Network Ltd. common stock. (NASDAQ: PERI) between February 9, 2021 and April 5, 2024, inclusive (the “Class Period”), to the important Deadline for lead plaintiff June 17, 2024.

SO: If you purchased shares of Perion common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Perion class action, visit https://rosenlegal.com/submit-form/?case_id=24206 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court no later than June 17, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources or any meaningful recognition from peers. Many of these firms do not actually litigate securities class actions, but are merely intermediaries that refer clients or work with law firms that actually litigate the cases. Be wise when choosing counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company managed to raise more than $438 million for investors. In 2020, founder Laurence Rosen was named Titan of Plaintiffs’ Bar by law360. Many of the firm’s lawyers are recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Perion’s search advertising business was not a reliable and significant growth engine and was in fact in decline; (2) Perion’s long-term relationship with Microsoft and the search services agreement would not provide stability for Perion’s search advertising business; (3) there was an increased risk that Microsoft would act to unilaterally change its advertising prices and mechanisms to the detriment of Perion while the search services agreement was in effect; (4) Perion’s AI technology and Microsoft’s investment in ChatGPT would not protect or increase Perion’s search advertising revenue; and (5) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about Perion’s search advertising business and related financial results, growth and prospects. When the real details emerged, the lawsuit alleged that investors suffered damages.

To join the Perion class action, visit https://rosenlegal.com/submit-form/?case_id=24206 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action.

No class is certified. Until a class is certified, you will not be represented by counsel unless you retain one. You can select a lawyer of your choice. You can also remain an absent class member and do nothing at this time. An investor’s ability to share in any future recovery is not contingent upon serving as lead plaintiff.

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Advertising lawyer. Previous results do not guarantee a comparable result.

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Contact details:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

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