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New York, New York– (Newsfile Corp. – December 18, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, reminds consumers of the Warner Bros. Discovery, Inc. (NASDAQ: NASDAQ:) between February 23, 2024 and August 7, 2024, both dates inclusive (the “Study Period”), the requirements January 24, 2025 lead the opposition.
THEN: If you purchased WBD securities during the Class Period you may be entitled to compensation without paying any fees or costs through a fee arrangement.
WHAT TO DO NEXT: To join the WBD class, visit https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you want to be a defendant, you must move the Court before January 24, 2025. The chief litigant is the party standing on behalf of the other members to lead the proceedings.
WHY ROSEN’S LAW: We encourage investors to appoint qualified advisors with a track record of success in leadership roles. In many cases, companies that provide information do not have the same knowledge, resources, or recognition as their peers. Many of these businesses do not challenge the actions of the defense team, but are simply middlemen who refer clients or cooperate with law firms that prosecute cases. Be wise in choosing counsel. The Rosen Law Firm represents investors worldwide, focusing its practice in the areas of securities and shareholder litigation. The Rosen Law Firm obtained the largest securities settlement against a Chinese Company at that time. Rosen Law Firm was ranked #1 by ISS Securities Class Activities (WA:) Services for the number of securities of the security group in 2017. This company has been ranked in the top 4 every year since 2013 and has raised millions of dollars for investors. In 2019 alone, the company raised over $438 million from investors. In 2020, founding partner Laurence Rosen was named by Law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, during the Class Action, the defendants made false and/or misleading statements and/or failed to disclose that: (1) WBD’s negotiations regarding sports rights with the National Basketball Association (“NBA”) were, or were likely to be, underway. because, WBD will re-evaluate its business and its advantages; (2) WBD’s goodwill in its Networks segment was significantly impaired by the difference between market capitalization and book value, continued softness in certain US advertising markets, and uncertainty related to the renewal of sports affiliates, including the NBA; (3) the foregoing increased the likelihood that WBD would recover billions of dollars in damages lawsuits; (4) Therefore, the defendants were overstated WBD overall sales and economic prospects; and (5) therefore, WBD’s public statements were consistently false and misleading. When the facts hit the market, the lawsuit alleges investors suffered losses.
To join the WBD class, visit https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com to learn more about the class action.
No Class Guaranteed. Until the class is approved, you are not represented by counsel unless you retain. You can choose the advice you want. You can remain a member of the class and do nothing at this point. The investor’s ability to share in any future returns does not depend on being a creditor.
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To view the press release, please visit https://www.newsfilecorp.com/release/234359
