Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against WPP plc due to allegations of false and misleading statements regarding the company's expected revenue for fiscal year 2025, leading to significant investor losses [3][5]. Group 1: Allegations Against WPP - The complaint alleges that WPP and its executives violated federal securities laws by making false statements and failing to disclose material information about the company's media division performance [5]. - Defendants claimed confidence in revitalizing the media division and offsetting lost clientele, while concealing the true challenges faced by WPP, including losing market share to competitors [5]. - WPP's trading update on July 9, 2025, revealed a deterioration in performance, attributing it to macroeconomic uncertainties and weaker new business than anticipated [6]. Group 2: Market Reaction - Following WPP's negative trading update, the company's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking an approximate decline of 18.1% in one day [7]. Group 3: Legal Proceedings - Investors are reminded of the December 8, 2025, deadline to seek the role of lead plaintiff in the federal securities class action against WPP [3]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [8].
Faruqi & Faruqi Reminds WPP Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 8, 2025 - WPP