Last week, we explored a recent data breach class action and the litigation risk of such lawsuits. Companies need to be aware of litigation risk not only arising from data breaches, but also from shareholder class actions related to privacy concerns.
On March 5, 2025, a class action securities lawsuit was filed against AppLovin Corporation and its Chief Executive Officer and Chief Financial Officer (collectively, the defendants). AppLovin is a mobile advertising technology business that operates a software-based platform connecting mobile game developers to new users. AppLovin offers a software platform and an app. In the lawsuit, the plaintiff alleges that the defendants misled investors regarding AppLovin’s artificial intelligence (AI)-powered digital ad platform, AXON.
According to the complaint, the defendants made material representations through…
Read the complete article here... Copyright © 2025 Robinson & Cole LLP. All rights reserved.