NEW YORK, NY — (Newsfile Corp. – January 1, 2025) – Why: The Rosen Law Firm, a global investor rights law firm, will advise buyers between February 23, 2024 and August 7, 2024 of Warner Bros. Discovery, Inc. (NASDAQ: NASDAQ: ) securities, including both dates (the “Class Period”) of significant January 24, 2025 plaintiff deadline.
So what: If you purchased WBD securities during the class period, you may be entitled to reimbursement for any out-of-pocket fees or expenses incurred through the contingency fee arrangement.
What to do next: To join a WBD class action, visit https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. For more information, call 866-767-3653 or email case@rosenlegal.com. A class action lawsuit has already been filed. If you want to act as lead plaintiff, you must approach the court. Not later than January 24, 2025.. A lead plaintiff is a representative party that acts on behalf of other class members to litigate.
Why Rosen’s Law: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are simply middlemen who refer clients or are partners with law firms that actually litigate the cases. Be wise in choosing advice. The Rosen Law Firm represents investors worldwide, focusing its practice on securities class actions and shareholder derivative litigation. The Rosen Law Firm secured the largest securities class action settlement ever against a Chinese company at the time. Rosen Law Firm was rated #1 by ISS Securities Class. Action (WA:) Services for Number of Securities Class Action Settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm raised over $438 million for investors. In 2020, founding partner Lawrence Rosen was named a Titan of the Plaintiff Bar by Law360. Many of the firm’s lawyers have been recognized by LordRigan and Super Lawyers.
Case details: According to the lawsuit, during the class period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) WBD’s relationship with the National Basketball Association (“NBA”). Sports rights negotiations were causing it, or were likely to. Therefore, WBD should significantly reassess its business and goodwill. (2) WBD’s goodwill in its Networks segment was impacted by the difference between its market capitalization and book value, continued softness in certain U.S. advertising markets, and uncertainty related to affiliate and sports rights renewals, including significant with the NBA; It was badly damaged. (3) The foregoing has significantly increased WBD’s potential for multibillion dollar goodwill impairment charges. (4) Accordingly, defendants had overstated WBD’s overall business and financial prospects; and (5) as a result, WBD’s public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims, investors were harmed.
To join a WBD class action, visit https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. For class action information call toll free at 866-767-3653 or email case@rosenlegal.com.
No classes are confirmed. Unless a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this time. An investor’s ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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