Recent Security Class Actions

Applied Digital Corporation Common Stock (NASDAQ: APLD)

12 Days left to seek lead plaintiff status.

Company Name:Applied Digital Corporation Common Stock
Stock Symbol:NASDAQ: APLD
Class Period Start:04/13/2022
Class Period End (inclusive):07/26/2023
Filing Deadline:10/11/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Applied Digital had overstated the profitability of its datacenter hosting business and its ability to successfully transition into a low-cost AI Cloud services provider; (ii) Applied Digital’s Board of Directors was not independent within the meaning of NASDAQ listing rules; (iii) accordingly, Applied Digital had overstated the efficacy of its business model and failed to maintain proper corporate governance standards; (iv) the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Applied Digital Corporation Common Stock (NASDAQ: APLD) Claim Form

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