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WPP INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that WPP plc Investors with Substantial Losses Have Opportunity to Lead the WPP Class Action Lawsuit
WPP plcWPP plc(US:WPP) Globenewswireยท2025-10-10 16:49

Core 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 Class Period, ultimately leading to significant stock price declines following disappointing performance updates [3][4]. Group 1: Lawsuit Details - The class action lawsuit seeks to represent purchasers of WPP plc common stock from February 27, 2025, to July 8, 2025, inclusive [1]. - The lawsuit is titled Marty v. WPP plc and is filed in the Southern District of New York [1]. - Allegations include creating a false impression of reliable revenue projections while downplaying risks associated with seasonality and macroeconomic factors [3]. Group 2: Performance Issues - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing it to macroeconomic uncertainties and weaker new business than expected [4]. - The company also announced the retirement of CEO Mark Read effective December 31, 2025, which contributed to an over 18% drop in WPP's stock price on the same day [4]. Group 3: Legal Process - Investors who purchased WPP common stock during the Class Period can seek to be appointed as lead plaintiff in the class action lawsuit [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: Law Firm Background - 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 monetary relief for investors in securities class actions for four out of the last five years [6].