Perion Network Ltd

NASDAQ:PERIUnited States

Jul 23, 2024

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• Lifshitz Law PLLC Announces Investigations of Biogen, Inc. (NASDAQ: BIIB), Direct Digital Holdings, Inc. (NASDAQ: DRCT), AST SpaceMobile, Inc. (NASDAQ: ASTS), and Perion Network Ltd. (NASDAQ: PERI), from 11:05PM ET on Tuesday Jul 23, 2024 by Accesswire

  11:05PM ET on Tuesday Jul 23, 2024 by Accesswire
  Companies Mentioned: PERI, ASTS, DRCT

  NEW YORK, NY / ACCESSWIRE / July 23, 2024 /

  Biogen, Inc. (NASDAQ:BIIB)

  Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made false and/or misleading statements and/or failed to disclose that: (i) Biogen had overstated its efforts to enhance its transparency, corporate governance, and compliance controls and procedures, as well as the efficacy of those controls and procedures; (ii) accordingly, Biogen maintained inadequate compliance controls and procedures in connection with its business operations in foreign countries; (iii) Biogen and/or its employees were engaged in unlawful or otherwise improper conduct in several foreign countries; (iv) the foregoing subjected the Company to a heightened risk of governmental and/or regulatory scrutiny and enforcement action, as well as significant legal, financial, and reputational harm; (v) Biogen overstated the strength of its AD-related product portfolio, including the Company's and Eisai's efforts and success in launching and providing access to Leqembi; (vi) Biogen also downplayed the negative impact that the Reata Acquisition would have on its FY 2023 non-GAAP diluted EPS; (vii) all the foregoing were likely to have a significant negative impact on Biogen's 2023 results; and (viii) as a result, the Company's public statements were materially false and misleading at all relevant times.

• Lifshitz Law PLLC Announces Investigations of Biogen, Inc. (NASDAQ: BIIB), Direct Digital Holdings, Inc. (NASDAQ: DRCT), AST SpaceMobile, Inc. (NASDAQ: ASTS), and Perion Network Ltd. (NASDAQ: PERI), from 11:05PM ET on Tuesday Jul 23, 2024 by Dow Jones

  11:05PM ET on Tuesday Jul 23, 2024 by Dow Jones
  Companies Mentioned: PERI, ASTS, BIIB, DRCT
  
  NEW YORK, NY / ACCESSWIRE / July 23, 2024 /
  
  Biogen, Inc. (NASDAQ:BIIB)
  
  Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made false and/or misleading statements and/or failed to disclose that: (i) Biogen had overstated its efforts to enhance its transparency, corporate governance, and compliance controls and procedures, as well as the efficacy of those controls and procedures; (ii) accordingly, Biogen maintained inadequate compliance controls and procedures in connection with its business operations in foreign countries; (iii) Biogen and/or its employees were engaged in unlawful or otherwise improper conduct in several foreign countries; (iv) the foregoing subjected the Company to a heightened risk of governmental and/or regulatory scrutiny and enforcement action, as well as significant legal, financial, and reputational harm; (v) Biogen overstated the strength of its AD-related product portfolio, including the Company's and Eisai's efforts and success in launching and providing access to Leqembi; (vi) Biogen also downplayed the negative impact that the Reata Acquisition would have on its FY 2023 non-GAAP diluted EPS; (vii) all the foregoing were likely to have a significant negative impact on Biogen's 2023 results; and (viii) as a result, the Company's public statements were materially false and misleading at all relevant times.