PERION NETWORK SHAREHOLDER ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES MORE THAN $100,000 of lead plaintiff deadline in class action lawsuit against Perion Network Ltd.

NEW ORLEANS, May 10, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Partner, former Attorney General of Louisiana, Charles C. Foti, Jr.remind investors that they have until then June 17, 2024 to file lead plaintiff motions in a securities class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI) if they have purchased or otherwise acquired the Company’s shares February 9, 2021 And April 5, 2024including (the “Class Period”). This lawsuit is pending in The United States District Court for the Southern District new York.

What you can do

If you have purchased Perion shares and would like to discuss your legal rights and what impact this case may have on you and your right to compensation for your economic loss, you can contact KSF’s managing partner, Lewis, without obligation and at no cost to you Kahn, contact 1-877-515-1850 or email ((email protected)) or visit https://www.ksfcounsel.com/cases/nasdaqgs-peri/ to learn more. If you would like to serve as lead plaintiff in this class action lawsuit, you must file a motion with the court by mail June 17, 2024.

About the lawsuit

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

At April 8, 2024The company, whose top search partner and largest source of revenue is Microsoft, announced reduced revenue and adjusted EBITDA expectations for the first quarter of 2024, as well as a reduced full-year 2024 forecast to revenue of just 1.5% 590 million dollars To 610 million dollars (Decrease of 19% year-on-year from an original range of 860 million dollars To 880 million dollarsor 17% year-over-year growth), due to changes to Microsoft Bing’s search advertising pricing and mechanisms.

Due to this news, the price of Perion shares fell $8.61 per share, i.e. approx. 40% April 8, 2024.

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

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr.is one of the nation’s leading boutique securities litigation firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses caused by companies Fraud or misconduct by listed companies. KSF has offices in new York, Delaware, California, Louisiana And New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis KahnManaging Partner
(email protected)
1-877-515-1850 1100 Poydras St., Suite 960
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC