PERION NETWORK SHAREHOLDER ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES OVER $100,000 of Lead Plaintiff Filing Deadline in Class Action Lawsuit against Perion Network Ltd.

NEW ORLEANS, May 24, 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 17 June 2024 to file lead plaintiff motions in a class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI) if they sell the company’s shares between 9 February 2021 And 5 April 2024inclusive (the “Claim Period”). This action is pending in The United States District Court for the Southern District of new York.

What you can do

If you have purchased Perion shares and would like to discuss your legal rights, the impact of this case on you and your right to compensation for your economic loss, you may contact KSF Managing Partner Lewis Kahn, without obligation and free of charge, by calling toll-free at 1-877-515-1850 or by email ((email protected)), or visit https://www.ksfcounsel.com/cases/nasdaqgs-peri/ to learn more. If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court by 17 June 2024.

About the lawsuit

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

At 8 April 2024The company, whose main 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 forecast for the full year 2024 to revenue of just 590 million US dollars To 610 million US dollars (a decrease of 19% year-on-year, from an original range of 860 million US dollars To 880 million US dollarsor 17% year-on-year growth), due to changes in Microsoft Bing’s search advertising pricing and mechanisms.

Following this news, the price of Perion shares fell by $8.61 per share or around 40% on 8 April 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 wide range of clients, including public institutional investors, hedge funds, asset managers and individual investors, in recovering investment losses from corporate transactions. Fraud or abuse of office 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

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