New York, New York–(Newsfile Corp. – December 23, 2024) – WHAT: Rosen Law Firm, a leading global law firm dedicated to protecting investor rights, is reminding individuals who purchased securities of Warner Bros. Discovery, Inc. (NASDAQ: WBD) during the period from February 23, 2024, to August 7, 2024 (the “Class Period”) about the significant January 24, 2025 deadline for lead plaintiff applications.
IMPACT: If you acquired WBD securities in the Class Period, you may be eligible for compensation without incurring any costs upfront, as our arrangements operate on a contingency fee basis.
NEXT STEPS: To participate in the WBD class action, please visit https://rosenlegal.com/submit-form/?case_id=31683, call Phillip Kim, Esq. at 866-767-3653, or email [email protected] for additional details. A class action lawsuit has already been initiated. If you wish to be appointed as the lead plaintiff, you must file a motion with the Court by January 24, 2025. The lead plaintiff represents the interests of all class members throughout the litigation process.
WHY CHOOSE ROSEN LAW: We advise investors to select legal counsel with proven expertise in obtaining favorable outcomes. Many firms that send out notifications lack the necessary experience and recognition in securities litigation. Some of these firms merely act as intermediaries, referring clients to others who actually handle the litigation. Make an informed choice regarding your legal representation. The Rosen Law Firm has a strong global presence, specializing in securities class actions and shareholder derivative lawsuits. It achieved the largest securities class action settlement against a Chinese corporation at that time. In 2017, the firm was ranked No. 1 by ISS Securities Class Action Services for settling the highest number of securities class actions. Rosen Law Firm has consistently been in the top 4 since 2013, recovering hundreds of millions for investors, including over $438 million in 2019 alone. In 2020, founding partner Laurence Rosen was recognized by Law360 as a Titan of the Plaintiffs’ Bar, and numerous firm attorneys have received accolades from Lawdragon and Super Lawyers.
CASE OVERVIEW: The lawsuit alleges that during the Class Period, defendants made false and misleading statements and failed to disclose critical information, including: (1) WBD’s negotiations over sports rights, particularly with the NBA, were likely to compel a substantial reevaluation of its business and goodwill; (2) the goodwill associated with WBD’s Networks segment had significantly declined due to discrepancies between market capitalization and book value, ongoing challenges in U.S. advertising markets, and uncertainties surrounding rights renewals; (3) these issues heightened the risk of WBD experiencing significant goodwill impairment charges; (4) defendants overstated WBD’s overall business and financial outlook; and (5) as a result, the public information provided about WBD was materially inaccurate at all relevant times. When the true situation was revealed, the lawsuit contends that investors incurred damages.
To join the WBD class action, visit https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information.
Note: A class has not yet been certified. Until certification, you are not represented by legal counsel unless you choose to retain one. You have the option to select your own counsel or remain an absent class member and take no action for now. An investor’s ability to participate in any potential recovery does not depend on serving as lead plaintiff.
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For the full version of this press release, please visit https://www.newsfilecorp.com/release/235013
