#United States #New York #Gross Law Firm #class action lawsuit #Warner Bros. Discovery

Warner Bros. Discovery Class Action Alert

On December 23, 2024, the Gross Law Firm issued an important notice for investors in Warner Bros. Discovery, Inc. (NASDAQ: WBD). Shareholders who purchased shares during the specified class period are urged to take action as the deadline for lead plaintiff appointment approaches on January 24, 2025.

Shareholder Awareness

As part of their commitment to protect investor rights, the Gross Law Firm is emphasizing the urgency for shareholders who acquired their stocks between February 23, 2024, and August 7, 2024. The announcement addresses potentially misleading statements from the company and invites affected individuals to register for recovery options that do not require them to serve as lead plaintiffs.

Allegations Against WBD

The allegations in the class action claim that during the specified period, WBD made materially false and misleading statements. The core issues include:

• - Impact on Business Negotiations: The company's sports rights negotiations, particularly with the NBA, reportedly led to an unfounded reevaluation of WBD's business model.
• - Deteriorating Goodwill: There are assertions that WBD experienced a significant decline in the goodwill of its Networks segment, attributed to discrepancies between its market capitalization and book value, alongside challenges in certain U.S. advertising markets.
• - Impairment Charges: This situation notably heightened the risk of the company facing billions in goodwill impairment charges due to misleading forecasts about its overall financial health.

The complaint further states that these misleading public statements led to a substantial overstatement of WBD's business prospects.

Call to Action for Investors

Due to the seriousness of these claims and the impending deadline, shareholders are encouraged to promptly register their information. The registration process is straightforward and helps facilitate ongoing updates about the lawsuit's progress. Importantly, involvement in the class action entails no costs for participating individuals.

Steps Moving Forward

Investors looking to be included in this legal action should not delay. To ensure you're part of this potential recovery opportunity, visit the Gross Law Firm's official page dedicated to the lawsuit and complete the required forms by January 24, 2025. Details on the class action are readily available, and support is offered throughout the process via portfolio monitoring software.

Support from Gross Law Firm

The Gross Law Firm has established itself as a prominent name in class action litigation, striving to defend the rights of investors impacted by corporate deceit and illegal practices. They aim to hold companies accountable for misleading statements that may inflate stock values unfairly, resulting in investment losses.

Contact Information

For more details, potential participants can reach out to the Gross Law Firm at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903

This class action lawsuit reflects a critical moment for investors of Warner Bros. Discovery, Inc. The upcoming deadline and serious allegations underscore the imperative for shareholders to secure their rights and assess recovery options as they navigate these legal proceedings.