NEW YORK, Dec. 3, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Warner Bros. Discovery, Inc. ("WBD" or the "Company") (NASDAQ: WBD) and certain officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 24-cv-09027, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired WBD securities between February 23, 2024 and August 7, ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Warner Bros. Discovery To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Warner Bros. Discovery between February 23, 2024 and August 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] ...

SAN DIEGO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Warner Bros. Discovery, Inc. (NASDAQ: WBD) securities between February 23, 2024 and August 7, 2024. WBD is a global media and entertainment company that provides a portfolio of content, brands, and franchises across television, film, streaming, and gaming outlets. For more information, submit a form, email attorney Aaron Dumas, Jr., o ...

NEW YORK, Nov. 28, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Warner Bros. Discovery, Inc. (NASDAQ: WBD) between February 23, 2024 and August 7, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 24, 2025. SO WHAT: If you purchased WBD securities during ...

NEW YORK, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Warner Bros. Discovery, Inc. (“WBD” or “the Company”) (NASDAQ: WBD) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired WBD ...

NEW YORK, Nov. 27, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Warner Bros. Discovery, Inc. (NASDAQ: WBD) between February 23, 2024 and August 7, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 24, 2025.So what: If you purchased WBD securities during the Class P ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Warner Bros. Discovery To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Warner Bros. Discovery between February 23, 2024 and August 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] ...

Core Viewpoint - A shareholder has filed a lawsuit against Warner Bros. Discovery (WBD) for allegedly misleading investors regarding the impact of losing its NBA broadcasting rights, which has led to significant financial repercussions for the company [1][5]. Financial Impact - WBD took a substantial $9.1 billion write-down in its networks segment, attributed in part to the loss of the NBA on TNT, during the period from February 23 to August 7, 2024 [2]. - The company's stock price experienced a decline of 69 cents, approximately 9%, closing at $7.02 per share, although it has since recovered to $10.11 [5]. Media Rights Negotiations - Under the previous deal established in 2014, TNT paid an average annual fee of $1.2 billion for NBA rights. However, WBD failed to secure a new deal before its exclusive negotiating window expired in April 2024 [4]. - The NBA is currently in discussions for new media rights deals, with offers from NBC at an average annual fee of $2.5 billion and Amazon at $1.8 billion [4]. Allegations of Misleading Statements - The lawsuit claims that WBD executives, including CEO David Zaslav and CFO Gunnar Wiedenfels, made materially false statements about the company's business prospects and failed to disclose the risks associated with the NBA negotiations [5][6]. - The suit argues that the defendants overstated WBD's financial health, with Zaslav claiming the company was on "solid footing" and confident in its growth trajectory [5]. Legal Proceedings and Settlements - WBD previously sued the NBA over the awarding of its broadcasting package to Amazon, stating that the loss would be devastating. A settlement was later reached, allowing NBA games to be available on Max in certain international markets [7]. - The lawsuit seeks damages for the significant losses suffered by shareholders due to the alleged fraudulent practices and misleading statements by WBD executives [6][7].

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Warner Bros. Discovery, Inc. (“Warner Bros.” or the “Company”) (NASDAQ: WBD) securities between February 23, 2024 and August 7, 2024, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company’s investors ...

Warner Bros. Discovery (WBD) shares have dipped 16.7% year to date, underperforming the broader Zacks Consumer Discretionary sector’s return of 10.9%. WBD shares have also lagged the Zacks Broadcast Radio and Television industry’s growth of 44.3% and its peers Netflix (NFLX) , Fox (FOXA) and Townsquare Media (TSQ) . Over the same time frame, shares of NFLX and FOXA have gained 79.1% and 54.2%, respectively, while shares of Townsquare fell 6.2%.During the nine months ended Sept. 30, 2024, WBD revenues fell 6 ...