Applied Digital Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

Boston, Massachusetts–(Newsfile Corp. – September 25, 2023) – A class action lawsuit has been filed against Applied Digital Corp. NASDAQ: APLD for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit

What is this all about?

On July 6, 2023, both The Bear Cave and Wolfpack Research issued short reports alleging issues at Applied Digital Corp. Both reports highlight the numerous changes to the Company’s business model since becoming a publicly traded company, as well as concerns regarding related party transactions, governance, and potential conflicts of interest.

Shares of Applied Digital stock dropped as much as 19% in intraday trading on July 6, 2023.

Who is eligible?

Anyone who purchased Applied Digital Corp. stock between April 13, 2022 and July 26, 2023, and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What should you do next?

The deadline to seek appointment as lead plaintiff is October 11, 2023. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

If you’ve lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. We have obtained, and are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website,, or call (617) 398-5600 or email with any questions.

This notice may constitute attorney advertising.

260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600

SOURCE: Block & Leviton LLP

To view the source version of this press release, please visit

437 Applied Digital Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information