WPP plc(US:WPP) Prnewswire·2025-10-09 23:45Core Viewpoint - The WPP class action lawsuit alleges that WPP plc and its executives misled investors regarding the company's revenue outlook and growth potential during the specified Class Period, leading to significant financial losses for shareholders [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Marty v. WPP plc and covers the period from February 27, 2025, to July 8, 2025 [1]. - The lawsuit claims that WPP created a false impression of its financial health and growth prospects while downplaying risks associated with seasonality and macroeconomic factors [3]. - On July 9, 2025, WPP reported a deterioration in performance, attributing it to macroeconomic uncertainties and weaker new business than expected, which led to an over 18% drop in stock price [4]. Group 2: Company Background - WPP positions itself as a creative transformation company offering services in communications, experience, commerce, and technology [2]. - The company has faced challenges in its media arm, which has reportedly lost market share to competitors [3]. Group 3: Legal Process - Investors who purchased WPP common stock during the Class Period can seek to be appointed as lead plaintiff in the lawsuit, representing the interests of the class [5]. - The lead plaintiff has the authority to select a law firm for the litigation, but participation as lead plaintiff is not necessary for potential recovery [5]. Group 4: Law Firm Profile - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in securities class action services for four out of the last five years [6].