NEW
YORK, Dec. 19, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of Warner Bros. Discovery, Inc. (NASDAQ: WBD).
Shareholders who purchased shares of WBD during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/warner-bros-discovery-loss-submission-form/?id=117264&from=4
CLASS PERIOD: February 23,
2024 to August 7, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (i) WBD's
sports rights negotiations with the NBA were causing, or were
likely to cause, the Company to significantly reevaluate its
business and goodwill; (ii) WBD's goodwill in its Networks segment
had significantly deteriorated as a result of 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 with the
NBA; (iii) the foregoing significantly increased the likelihood of
WBD incurring billions of dollars in goodwill impairment charges;
(iv) accordingly, defendants had overstated WBD's overall business
and financial prospects; and (v) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
DEADLINE: January 24, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/warner-bros-discovery-loss-submission-form/?id=117264&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of WBD during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is January 24, 2025. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm