We are investigating allegations that Applied Digital Corporation (NASDAQ: APLD) and certain of its officers and directors made false and misleading statements violating federal securities law. If you owned Applied Digital shares between April 13, 2022 and July 26, 2023, you may have a right to recover for your economic loss. Please complete the form below to learn more.
A class action lawsuit filed by another law firm U.S. District Court for the Northern District of Texas alleges that during this period, Applied Digital and these officers and directors:
- Overstated the profitability of its datacenter hosting business.
- Failed to disclose that Applied Digital’s Board of Directors lacked independence as defined by NASDAQ listing rules.
- Overstated the efficacy of its business model and failed to maintain proper corporate governance standards.
Read more about the allegations.
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Cohen Milstein recognizes the importance of your privacy and personal data. Information collected in this questionnaire is confidential and will not be shared or sold.
The attorney investigating this matter is Steven J. Toll (admitted in Virginia and the District of Columbia).
If you have already retained a lawyer to represent you regarding claims about your compensation, please disregard this communication. Any endorsement in this advertisement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.
In addition to completing the contact form above, please feel free to contact us with any questions.
Samuel Bloom, Paralegal (email)
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue NW
Suite 500, West Tower
Washington, DC 20005