Investing.com -- AppLovin (NASDAQ: APP ) Corporation, a mobile tech company, saw its shares surge as much as 9.7% in premarket trading after the firm announced it has hired the law firm Quinn Emanuel Urquhart & Sullivan.

The law firm has been tasked with conducting an independent review and investigation into recent short report activity.

The company has stated that it takes the matters brought up in the short report seriously and has plans to scrutinize the circumstances and motivations behind it.

AppLovin has raised concerns about the report, claiming it contains misleading or inaccurate information.

CEO of AppLovin, Adam Foroughi, has assured that the company will take all necessary steps to ensure the facts are known.

Foroughi also emphasized the company’s commitment to protect its employees, stockholders, and partners in the face of the short report.

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