Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims against Applied Digital Corporation

NEW YORK, July 14, 2023 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP  ("Wolf  Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Applied Digital Corporation ("Applied Digital" or "the Company") (NASDAQ: APLD) for violations of federal securities laws.

All investors who purchased shares and incurred losses are  advised  to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the potential action on our website, www.whafh.com.

PLEASE CLICK HERE TO PROVIDE CONTACT INFORMATION

Wolf Haldenstein is investigating whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Applied Digital is the subject of short seller reports published by The Bear Cave and Wolfpack Research on July 6, 2023.

According to these published reports, the Company has made multiple changes to its business model since going public. The reports also allege related party transactions, conflicts of interest, and governance failures. Based upon these reports, shares of Applied Digital fell by more than 14% in intraday trading on the same day.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at [email protected].

Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Wolf Haldenstein Adler Freeman & Herz LLP