AN ENCYCLOPEDIC GUIDE TO THE LAWS THAT APPLY TO THE PERION NETWORK CLASS ACTION LAWSUIT

4/21/2024

Contact Perion Network stock loss lawyer Timothy L. Miles today about a Perion Network class action lawsuit

INTRODUCTION TO THE AGILON CLASS ACTION LAWSUIT

The Perion Network class action lawsuit seeks to represent purchasers or acquirers of Perion Network Ltd. (NASDAQ: PERI) publicly traded securities between February 9, 2021 and April 5, 2024, inclusive (the “Class Period”). Captioned Beisner v. Perion Network Ltd., No. 24-cv-02860 (S.D.N.Y.), the Perion Network class action lawsuit charges Perion Network and certain of Perion Network’s top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered losses in Perion Network stock and wish to serve as lead plaintiff, or just have general questions about your rights as a shareholder, please contact Perion Network Stock Loss Lawyer Timothy L. Miles, at no charge, by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Perion Network class action lawsuit must be filed with the court no later than June 11, 2024.

In this encyclopedic guide, we will discuss the intricacies of securities class action lawsuits, and how they apply to the Perion Network class action lawsuit, providing you with a clear understanding of the legal framework that governs them. From the filing requirements to the key elements of a claim, we will explore the various aspects of securities class action litigation.

KEY LAWS THAT APPLY TO SECURITIES CLASS ACTION LAWSUITS SUCH AS THE ALLOVIR CLASS ACTION LAWSUIT

The Securities Exchange Act of 1934 and Its Impact on Class Actions

The majority of securities fraud claims are brought under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. The Securities Exchange Act of 1934 (Exchange Act) is a crucial piece of legislation that regulates the trading of securities in the United States. It establishes the framework for securities class actions by providing investors with a private right of action against companies that violate the securities laws.

Under Section 10(b) of the Exchange Act, it is unlawful to use any manipulative or deceptive device in connection with the purchase or sale of securities. This provision forms the basis for many securities class action lawsuits, as it prohibits fraudulent conduct in the securities markets.

The Private Securities Litigation Reform Act of 1995 and Its Provisions

The Private Securities Litigation Reform Act of 1995 (PSLRA) introduced significant reforms to securities class action litigation. The PSLRA was enacted to address concerns about frivolous lawsuits and abusive practices in the securities litigation arena.

One of the key provisions of the PSLRA is the requirement for plaintiffs to meet a higher standard of pleading known as the “strong inference” standard. This standard necessitates that plaintiffs provide specific facts giving rise to a strong inference of scienter, or fraudulent intent, on the part of the defendants.

Another important provision of the PSLRA is the requirement for lead plaintiffs to meet certain criteria to be appointed as representatives in class action lawsuits. Under this act, lead plaintiffs must have suffered significant financial losses and must demonstrate that they are capable of adequately representing the interests of other class members. This provision is intended to prevent opportunistic plaintiffs from taking advantage of class action lawsuits for personal gain and ensures that only qualified individuals or entities can lead these lawsuits.

The Securities Act of 1933 and Its Relevance to Class Actions

The Securities Act of 1933 (Securities Act) primarily focuses on the initial offering and sale of securities. Although securities class actions are more commonly associated with the Exchange Act, the Securities Act also plays a significant role in securities litigation.

Under Section 11 of the Securities Act, investors who purchase securities issued under a registration statement that contains false or misleading statements may bring a class action lawsuit against the issuer, underwriters, and other relevant parties.

RECENT DEVELOPMENTS AND UPDATES IN SECURITIES CLASS ACTION LAWS

The legal landscape surrounding securities class action lawsuits is constantly evolving. Recent developments in securities laws and court decisions have had a significant impact on the way these lawsuits are filed, litigated, and resolved.

One notable development in recent years is the Supreme Court’s decision in the case of Halliburton Co. v. Erica P. John Fund, Inc. In this case, the Court clarified the requirements for class certification in securities fraud cases, endorsing the “price impact” rule. This rule requires plaintiffs to demonstrate that the alleged misrepresentation or omission affected the price of the security.

Additionally, the rise of cryptocurrency and digital assets has given rise to new challenges and legal considerations in securities class actions. Regulators are grappling with how to apply existing securities laws to these emerging technologies, and courts are faced with novel questions regarding their jurisdiction and the applicability of traditional securities laws.

THE ROLE OF REGULATORY BODIES IN SECURITIES CLASS ACTIONS

Regulatory bodies such as the Securities and Exchange Commission (SEC) and self-regulatory organizations (SROs) play a crucial role in securities class action litigation. These entities have the authority to investigate and enforce securities laws, and their actions often provide the basis for securities class actions.

The SEC, as the primary federal regulatory agency responsible for enforcing federal securities laws, has the power to bring enforcement actions against individuals and companies for violations of these laws. These enforcement actions can catalyze securities class actions, providing plaintiffs with evidence of alleged misconduct.

SROs, such as the Financial Industry Regulatory Authority (FINRA), also play a role in securities class action litigation. FINRA is a self-regulatory organization that oversees brokerage firms and registered representatives. It has the authority to bring disciplinary actions against its members for violations of securities laws and rules, which can give rise to securities class actions.

CONCLUSION

Securities class action lawsuits have become a prominent feature of the modern financial landscape. Understanding the laws and regulations that govern these lawsuits, including the Perion Network class action lawsuit, is essential for both investors seeking compensation and companies facing potential legal action.

By familiarizing yourself with the legal framework of securities class actions, including the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995, and the Securities Act of 1933, you can better protect your rights and make informed decisions in the the Perion Network class action lawsuit and in general.

Stay updated on recent developments in securities class action laws, as they continue to shape the litigation landscape and could affect the Perion Network class action lawsuit. Keep in mind the role of regulatory bodies, such as the SEC and SROs, in enforcing securities laws and providing the basis for class actions.

frequently asked questions

Can Non-U.S. Investors Serve as Lead Plaintiffs in the Class Action Against Perion Network?

Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Perion Network stock, they may move the Court to be appointed lead plaintiff in the class action against Perion Network.

Can I Be Appointed Lead Plaintiff in the Perion Network Lawsuit if I Purchased Shares Outside of the Class Period?

No. Even if you suffered losses in Perion Network stock, if you purchased securities outside of the Class period, you will not be able to participate in the Perion Network class action lawsuit.

Will the Lead Plaintiffs Get More Money than Class Members if the Perion Network Class Action Lawsuit settles?

No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLAR, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the Perion Network class action lawsuit. on behalf of investors who suffered losses in Perion Network stock.

Can the Court Appoint More than One Lead Plaintiff the Perion Network class action lawsuit?

Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Perion Network class action lawsuit.

How Was the Class Period Determined in the Perion Network Class Action Lawsuit?

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure. To be a part of the class in the Perion Network lawsuit you must have suffered losses in Perion Network stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Perion Network.

CONTACT A PERION NETWORK STOCK LOSS LAWYER TODAY ABOUT A PERION NETWORK CLASS ACTION LAWSUIT

If you suffered losses in Perion Network stock, contact Perion Network stock loss lawyer Timothy L. Miles today for a free case evaluation about a Perion Network class action lawsuit. Call today and see what a Perion Network stock loss lawyer could do for you if you suffered losses in Perion Network stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].