Core Viewpoint - Rosen Law Firm is reminding purchasers of WEBTOON Entertainment Inc. common stock about the lead plaintiff deadline for a class action lawsuit related to the company's IPO in June 2024 [1] Group 1: Class Action Details - Investors who purchased WEBTOON common stock 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 must move the Court to serve as lead plaintiff by November 4, 2024 [3] - The lawsuit claims that WEBTOON's Registration Statement contained materially false and misleading statements regarding its business operations and prospects [5] Group 2: Allegations Against WEBTOON - The lawsuit alleges that WEBTOON experienced a deceleration in advertising revenue growth and intellectual property adaptations revenue [5] - It is claimed that WEBTOON faced exposure to weaker foreign currencies, which offset revenue growth [5] - The positive statements made by the defendants about WEBTOON's business were deemed materially misleading and lacked a reasonable basis [5] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [4]
WBTN DEADLINE TODAY: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages WEBTOON Entertainment Inc. Investors to Secure Counsel Before Important November 4 Deadline in Securities Class Action – WBTN