ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Warner Bros. Discovery, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – WBD

Core Viewpoint - A class action lawsuit has been filed against Warner Bros. Discovery, Inc. (NASDAQ: WBD) for alleged misleading statements and failure to disclose significant business risks during the Class Period from February 23, 2024, to August 7, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that WBD's negotiations for sports rights with the NBA were likely to cause a significant reevaluation of its business and goodwill [5]. - It is alleged that WBD's goodwill in its Networks segment had deteriorated due to a disparity between market capitalization and book value, along with challenges in U.S. advertising markets and uncertainties in affiliate and sports rights renewals [5]. - The lawsuit suggests that these issues increased the likelihood of WBD incurring billions of dollars in goodwill impairment charges, leading to materially false and misleading public statements about the company's financial prospects [5]. Group 2: Participation Information - Investors who purchased WBD securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6].