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Stock impact report

Applied Digital Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Applied Digital Corporation (APLD) 
Company Research Source: GlobeNewswire
BOSTON, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Applied Digital Corp. (NASDAQ: APLD) for potential securities law violations. Investors who have lost money in their Applied Digital Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/apld. What is this all about? After the market close on February 9, 2024, Applied Digital Corp. disclosed that it experienced a power outage at its Ellendale datacenter hosting facility beginning on January 18, 2024. As of February 6, 2024, Applied Digital determined that revenues from the facility will be materially impacted for the quarter ending February 29, 2024. Shares of Applied Digital Corp. stock dropped more than 10% in afterhours trading on February 9, 2024. Who is eligible? Anyone who purchased Applied Digital Corp. common stock and has seen their shares fall may be eligible, whether or not they hav Show less Read more
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