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WPP Stockholders: Securities Law Firm Robbins LLP Reminds Investors of the Pending Lead Plaintiff Deadline in the Class Action Against WPP Inc.
Globenewswire· 2025-11-12 21:26
Core Viewpoint - WPP PLC is facing a class action lawsuit due to allegations of misleading investors about its business prospects and financial performance during the specified class period [1][3]. Summary by Sections Company Overview - WPP PLC is a global communications company that provides services in advertising, media management, consultancy, public relations, and branding [1]. Class Action Details - A class action was filed on behalf of investors who purchased WPP common stock between February 27, 2025, and July 8, 2025, alleging that the company misled them regarding its business outlook [1]. Allegations - The complaint claims that WPP created a false impression of having reliable information about its revenue outlook and growth potential while downplaying risks from seasonality and macroeconomic factors [3]. - It is alleged that WPP's optimistic reports on client acquisition and retention were not reflective of reality, as the company's media division was losing market share to competitors [3]. Impact of Trading Update - On July 9, 2025, WPP issued a trading update indicating a deterioration in performance, attributing this to macroeconomic uncertainties and weaker new business than expected, partly due to ongoing restructuring [4]. - Following this announcement, WPP's stock price fell from $35.82 to $29.34, a decline of approximately 18.1% [4]. Next Steps for Shareholders - Shareholders may be eligible to participate in the class action and can contact Robbins LLP if they wish to serve as lead plaintiffs [5].
A former WPP exec is suing the ad agency giant, claiming he was fired after flagging an alleged kickback operation
Business Insider· 2025-11-12 14:26
Core Viewpoint - A former executive at WPP, Richard Foster, is suing the company for retaliation and wrongful termination after he raised concerns about alleged improper kickback practices within GroupM, WPP's media investment division [1][4][23] GroupM's Alleged Practices - Foster claims that GroupM engaged in "volume-based discounts," leveraging client ad budgets to secure undisclosed incentives from media owners, which were not passed back to clients [3][6] - The lawsuit alleges that GroupM generated between $3 billion and $4 billion from rebate-driven deals over the past five years, improperly retaining approximately $1.5 billion to $2 billion [7][6] Legal Context - While receiving media rebates is not illegal in the US, legal experts warn that undisclosed rebates could breach contracts or constitute fraud [5] - Public companies must accurately record all income, including rebates, in their financial statements [5] Industry Background - The issue of agency kickbacks has been a concern in the advertising industry, with previous reports highlighting non-transparent practices among media agencies [11][12] - The Association of National Advertisers published a report in 2016 indicating that rebates and non-transparent practices were "pervasive" among US media agencies [11] WPP's Current Situation - WPP is facing a challenging period, expecting a second consecutive annual revenue decline, with its share price having more than halved in the year to date [13] - The company has lost key media accounts to competitors like Publicis Groupe and Omnicom [13] Foster's Actions and Allegations - Foster claims he raised concerns about rebate practices with senior executives, including former CEO Mark Read, but was met with retaliation [14][22] - After submitting a report detailing his concerns, Foster alleges he was excluded from key meetings and decision-making processes before being terminated without cause [20][22] Legal Claims - The lawsuit, filed in the New York State Supreme Court, seeks over $100 million in damages for retaliation, wrongful termination, and violations of whistleblower protection laws [23]
ROSEN, HIGHLY RECOGNIZED INVESTOR COUNSEL, Encourages WPP plc Investors to Secure Counsel Before Important Deadline in Securities Class Action - WPP
Globenewswire· 2025-11-12 02:49
Core Viewpoint - Rosen Law Firm is reminding purchasers of WPP plc American Depositary Shares (ADS) of a class action lawsuit with a lead plaintiff deadline of December 8, 2025 [1][3]. Group 1: Class Action Details - Investors who purchased WPP ADSs between February 27, 2025, and July 8, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - The lawsuit claims that WPP provided misleading statements about its media arm's capabilities, leading to investor damages when the true situation was revealed [5]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 and has been ranked highly for its performance in securities class action settlements [4].
UPCOMING DEADLINE: Faruqi & Faruqi Reminds WPP Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 8, 2025 - WPP
Newsfile· 2025-11-11 23:47
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against WPP plc due to allegations of violations of federal securities laws, specifically regarding misleading statements about the company's expected revenue for fiscal year 2025 [6][3]. Group 1: Allegations and Company Performance - The complaint alleges that WPP and its executives made false and misleading statements about the company's media division, claiming it was revitalizing and simplifying operations while concealing significant market share losses to competitors [6]. - WPP's trading update on July 9, 2025, revealed a deterioration in performance attributed to macroeconomic uncertainties and weaker new business, which contradicted earlier positive statements [7]. - Following the trading update, WPP's stock price dropped from $35.82 to $29.34 per share, marking an 18.1% decline in a single day [8]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $100,000 between February 27, 2025, and July 8, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [2]. - The deadline to seek the role of lead plaintiff in the class action lawsuit against WPP is December 8, 2025 [3]. - Any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [9].
Investors who lost money on WPP plc(WPP) should contact Levi & Korsinsky about pending Class Action - WPP
Globenewswire· 2025-11-11 21:34
Core Viewpoint - A class action securities lawsuit has been filed against WPP plc, alleging securities fraud that negatively impacted investors between February 27, 2025, and July 8, 2025 [1][2] Company Performance - The lawsuit claims that WPP provided overly positive statements while concealing adverse facts about its media arm's ability to handle macroeconomic challenges, leading to a loss of market share [2] - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty and weaker new business, compounded by ongoing restructuring within WPP Media [2] - Following the trading update, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in one day [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until December 8, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
Lost Money on WPP plc(WPP)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-11-11 13:45
Core Points - A class action securities lawsuit has been filed against WPP plc, alleging securities fraud that affected investors between February 27, 2025, and July 8, 2025 [1] - The lawsuit claims that WPP misled investors by providing overly positive statements while concealing significant adverse facts about its media arm's performance and market share losses [2] - Following a trading update on July 9, 2025, which revealed a deterioration in performance, WPP's stock price dropped from $35.82 to $29.34, a decline of approximately 18.1% in one day [2] Case Details - The complaint highlights that WPP's media arm was not adequately equipped to handle macroeconomic challenges and was losing market share to competitors [2] - The company attributed its poor performance to macroeconomic uncertainties affecting client spending and weaker new business, compounded by ongoing restructuring efforts [2] Next Steps - Investors who suffered losses during the specified timeframe have until December 8, 2025, to request appointment as lead plaintiff, although participation does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the United States [4]
ROSEN, LEADING TRIAL ATTORNEYS, Encourages WPP plc Investors to Secure Counsel Before Important Deadline in Securities Class Action - WPP
Newsfile· 2025-11-10 23:24
Core Viewpoint - Rosen Law Firm is encouraging investors of WPP plc to secure legal counsel before the December 8, 2025 deadline for a securities class action lawsuit related to the purchase of American Depositary Shares (ADS) during the specified class period [2][3]. Group 1: Class Action Details - The class period for the WPP ADSs is from February 27, 2025, to July 8, 2025, and investors who purchased during this time may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][3]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by December 8, 2025 [4]. Group 2: Legal Representation - Investors are advised to select qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience and resources [5]. - The Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company, and has recovered hundreds of millions of dollars for investors [5]. Group 3: Allegations Against WPP - The complaint alleges that WPP provided misleadingly positive statements while concealing material adverse facts about its media arm's ability to handle macroeconomic challenges, leading to a loss of market share [6].
Class Action Alert: Levi & Korsinsky Reminds WPP (WPP) Investors of December 8, 2025 Deadline
Newsfile· 2025-11-10 20:46
Core Viewpoint - A class action securities lawsuit has been filed against WPP plc, alleging securities fraud that negatively impacted shareholders between February 27, 2025, and July 8, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit claims that WPP's management made overly positive statements while concealing material adverse facts about the company's media arm, which was struggling to compete effectively and losing market share [3]. - On July 9, 2025, WPP disclosed a trading update indicating a deterioration in performance during Q2, attributing this to macroeconomic uncertainties and weaker new business [4]. Group 2: Stock Price Impact - Following the trading update, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in one day [5]. Group 3: Next Steps for Affected Shareholders - Shareholders who experienced losses during the specified timeframe are encouraged to seek information on their rights to recovery, with no cost or obligation to participate [6]. Group 4: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, has a strong track record in securing recoveries for shareholders and has been ranked among the top securities litigation firms in the U.S. for seven consecutive years [7].
December 8, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against WPP
Globenewswire· 2025-11-10 20:28
Core Viewpoint - The Gross Law Firm is notifying shareholders of WPP plc regarding a class action lawsuit due to allegations of misleading statements and a significant decline in stock price following a negative trading update [1][3]. Summary by Sections Allegations - The complaint alleges that WPP's management provided overly positive statements while concealing material adverse facts about the company's media arm, which was not adequately equipped to handle macroeconomic challenges and was losing market share [3]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty and weaker new business, compounded by distractions from ongoing restructuring efforts [3]. Stock Price Impact - Following the negative trading update, WPP's stock price dropped from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in one day [3]. Class Action Details - The class period for the lawsuit is from February 27, 2025, to July 8, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is December 8, 2025, and there is no cost to participate in the case [4]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].
Lost Money on WPP plc(WPP)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-11-10 13:45
Core Viewpoint - WPP plc is facing allegations of providing misleading information to investors regarding its media arm's performance, leading to a significant drop in stock price following a negative trading update [1]. Summary by Sections Allegations and Performance Issues - The complaint against WPP plc claims that the company made overwhelmingly positive statements while concealing material adverse facts about its media arm's ability to handle macroeconomic challenges and competition [1]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty affecting client spending and weaker new business than expected, partly due to ongoing restructuring within WPP Media (GroupM) [1]. Stock Price Impact - Following the negative trading update, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in just one day [1]. Class Action Details - Shareholders who purchased WPP shares during the class period from February 27, 2025, to July 8, 2025, are encouraged to register for a class action lawsuit, with a deadline for lead plaintiff appointment set for December 8, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2].