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Important Notice for Warner Bros. Discovery Shareholders

The Gross Law Firm has issued a critical notice for shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD), urging those who acquired shares during the defined class period to take action before the upcoming deadline of January 24, 2025, to be considered for lead plaintiff status in an ongoing lawsuit. Failure to act promptly may jeopardize the opportunity to recover losses incurred during the designated timeframe.

Class Period Details

Shareholders who purchased WBD shares between February 23, 2024, and August 7, 2024, are especially encouraged to get in touch with the Gross Law Firm regarding this matter. No prerequisite exists for lead plaintiff appointment to participate in the recovery process.

The allegations underlying this lawsuit are serious. The complaint claims that during the class period, the defendants issued materially misleading statements and failed to disclose significant information that could affect the company’s valuation and investors’ decisions. Notably, it is alleged that:

1. WBD's negotiations for sports rights with the NBA potentially required a reevaluation of the company’s business strategies and goodwill.
2. The company's goodwill within its Networks segment declined notably due to discrepancies between its market capitalization and book value, a trend exacerbated by soft advertising markets in the U.S. and uncertainties over affiliate and sports rights renewals.
3. These factors raised the likelihood of substantial goodwill impairment charges affecting WBD's financial health.
4. Consequently, the defendants are accused of overstating WBD's overall business outlook and financial prospects, misleading shareholders in the process.

These allegations highlight a troubling set of circumstances wherein the company’s public statements may not have accurately reflected its operational realities or financial standings.

Next Steps for Shareholders

To ensure that your voice is counted, shareholders are urged to register their details with the Gross Law Firm as soon as possible. Upon registration, you will be enrolled in a portfolio monitoring system that provides updates throughout the duration of the case.

The deadline to apply for lead plaintiff status is set for January 24, 2025. Importantly, participating in this class action lawsuit comes at no cost or obligation for shareholders.

Why Choose The Gross Law Firm?

The Gross Law Firm is a leading national class action law firm dedicated to safeguarding the interests of investors who have suffered due to deceitful business practices. Their mission is to ensure accountability among companies and promote ethical corporate conduct.
The firm seeks to recover losses incurred by investors as a result of companies making false or misleading statements that artificially inflate stock values.

If you believe you are eligible for this class action or seek further information, you are encouraged to contact the firm:

• - Address: The Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Stay informed and protect your rights as a shareholder of Warner Bros. Discovery. Act now to ensure that your potential recovery is safeguarded.