Warner Bros. Discovery(WBD) Prnewswire·2025-01-13 10:45Class Action Notice - Shareholders who purchased Warner Bros Discovery Inc (WBD) shares between February 23 2024 and August 7 2024 are encouraged to contact The Gross Law Firm regarding possible lead plaintiff appointment [1] - The deadline for shareholders to register for this class action is January 24 2025 [2] Allegations Against Warner Bros Discovery - The complaint alleges that WBD issued materially false and/or misleading statements during the class period [1] - WBD's sports rights negotiations with the NBA were causing or likely to cause significant reevaluation of its business and goodwill [1] - WBD's goodwill in its Networks segment had significantly deteriorated due to the difference between market capitalization and book value continued softness in certain US advertising markets and uncertainty related to affiliate and sports rights renewals including with the NBA [1] - The above factors significantly increased the likelihood of WBD incurring billions of dollars in goodwill impairment charges [1] - As a result WBD's public statements were materially false and misleading at all relevant times [1] Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the case lifecycle [2] - There is no cost or obligation for shareholders to participate in this case [2] About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investor rights [3] - The firm seeks recovery for investors who incurred losses due to false and/or misleading statements or omission of material information by companies [3]