{"id":781081,"date":"2023-08-30T13:17:22","date_gmt":"2023-08-30T17:17:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/"},"modified":"2023-08-30T13:17:22","modified_gmt":"2023-08-30T17:17:22","slug":"shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/","title":{"rendered":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Aug.  30, 2023  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of <strong>Applied Digital Corporation.<\/strong><\/p>\n<p>Shareholders who purchased shares of APLD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n<p align=\"center\">CONTACT US HERE:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=31mmAnp0EwblvgmbdN_1U1lbBvRvnGiUkwK9dwWxXClPKAgVEPB0CGGr3NNuLw9Vv5Y2d-ZpQUsFkurjbSDKKzYbgR0estqTCmaTT7GWrUrX1YlYP9Bx3e69lPlGHK3dSJUeLD_wCdbHms1R8iw5i2KhEq2z6elvYlt6z8huRU63adXF4wDzqjYqiL8t6i58hAQdlGUqbodhykXOeHSlWpxwGwVLpmxiwN-SIPZxNXRwaDaBJNjYdT_Amxh0Ri2XWaN6tJYS-e8gZmHKA1S271gW84n5Mns6YU3kpF43HMY=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/applied-digital-loss-submission-form\/?id=45321&amp;from=3<\/a>\n      <\/p>\n<p>\n        <strong>CLASS PERIOD: <\/strong>April 13, 2022 to July 26, 2023<\/p>\n<p>\n        <strong>ALLEGATIONS: <\/strong>The complaint alleges that during the class period, Defendants issued materially 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\u2019s 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\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p>\n        <strong>DEADLINE: October 11, 2023<\/strong> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=31mmAnp0EwblvgmbdN_1U1lbBvRvnGiUkwK9dwWxXClPKAgVEPB0CGGr3NNuLw9Vv5Y2d-ZpQUsFkurjbSDKKzYbgR0estqTCmaTT7GWrUrX1YlYP9Bx3e69lPlGHK3dJTJNhsEonzLi_mMhZd3a3dcliKJB11n3RUbspH80GjvipAapu0tCGTgUZ6T8b0OPEQrHbWmUyy8Uxu99uptKSDlx3xbay9YsUBZQewEgZxs6v5VTuUpS3FVPLsArI1nerNcJQkLtXx0_acREb_L0vsYu9K8ZJubqs74NIBnPrpQ=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/applied-digital-loss-submission-form\/?id=45321&amp;from=3<\/a><\/p>\n<p>\n        <strong>NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of APLD during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is October 11, 2023. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: dg@securitiesclasslaw.com<br \/>Phone: (646) 453-8903<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxMzE2NyM1Nzg5MzU4IzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MGMzYzAxMWMtODkzNi00ODZlLTlkZjktYTI2NjQ5MGY4MzA1LTEyNzA0Njc=\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Applied Digital Corporation. Shareholders who purchased shares of APLD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/applied-digital-loss-submission-form\/?id=45321&amp;from=3 CLASS PERIOD: April 13, 2022 to July 26, 2023 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially 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\u2019s Board of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-781081","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Applied Digital Corporation. Shareholders who purchased shares of APLD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/applied-digital-loss-submission-form\/?id=45321&amp;from=3 CLASS PERIOD: April 13, 2022 to July 26, 2023 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially 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\u2019s Board of &hellip; Continue reading &quot;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-30T17:17:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxMzE2NyM1Nzg5MzU4IzIyNTg5MTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD)\",\"datePublished\":\"2023-08-30T17:17:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\\\/\"},\"wordCount\":428,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkxMzE2NyM1Nzg5MzU4IzIyNTg5MTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\\\/\",\"name\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD) - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD) - Market Newsdesk","og_description":"NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Applied Digital Corporation. Shareholders who purchased shares of APLD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/applied-digital-loss-submission-form\/?id=45321&amp;from=3 CLASS PERIOD: April 13, 2022 to July 26, 2023 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially 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\u2019s Board of &hellip; Continue reading \"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/","og_site_name":"Market Newsdesk","article_published_time":"2023-08-30T17:17:22+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxMzE2NyM1Nzg5MzU4IzIyNTg5MTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD)","datePublished":"2023-08-30T17:17:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/"},"wordCount":428,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxMzE2NyM1Nzg5MzU4IzIyNTg5MTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-applied-digital-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-11-2023-nasdaq-apld-2\/","name":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 \u2013 (NASDAQ: APLD) - 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