New York, New York – (Newsfile Corp. – December 23, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Warner Bros. Discovery, Inc. (NASDAQ: NASDAQ:) between February 23, 2024 and August 7, 2024, both dates inclusive (the “Class Period”) ). , the important January 24, 2025 Lead Plaintiff Deadline.
SO AND: If you purchased WBD securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the WBD class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. to. For more information, call 866-767-3653 or email cases@rosenlegal.com. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must go to court no later than January 24, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified advisors who have a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually litigate securities class actions, but are simply intermediaries that refer clients or work with law firms that actually litigate cases. Be wise when choosing your advisor. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. At that time, Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese company. Rosen Law Firm was Ranked No. 1 by the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) WBD’s sports rights negotiations with the National Basketball Association (“NBA”) caused or were likely to cause cause thereof that WBD must significantly reassess its business and goodwill; (2) WBD’s goodwill in its Network segment had increased due to the difference between its market capitalization and book value, continued weakness in certain U.S. advertising markets and uncertainty related to affiliate and sports rights renewals, including the NBA , significantly deteriorated; (3) The foregoing has materially increased the likelihood that WBD will incur billions of dollars in goodwill impairment charges; (4) Accordingly, Defendants had overstated WBD’s general business and financial prospects; and (5) as a result, WBD’s public statements were materially false and misleading at all relevant times. When the true details came to light, the lawsuit says investors suffered harm.
To join the WBD class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. to. Call us toll-free at 866-767-3653 or email cases@rosenlegal.com for class action information.
No class has been certified. Until a course is certified, you will not be represented by legal counsel unless you hire one. You can choose a lawyer of your choice. You can also remain an absent course participant at this point and do nothing. An investor’s ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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