WPP plc(US:WPP) Globenewswire·2025-10-16 20:00Core Viewpoint - The Gross Law Firm is notifying shareholders of WPP plc regarding a potential class action lawsuit due to misleading statements made by the company that may have led to significant financial losses for investors [1][3]. Summary by Sections Allegations - The complaint alleges that WPP provided overly positive statements while concealing material adverse facts about its media arm's ability to handle macroeconomic challenges, resulting in a loss of market share to competitors [3]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty and weaker new business, partly due to ongoing restructuring within WPP Media (GroupM) [3]. - Following this announcement, WPP's stock price dropped from $35.82 to $29.34 per share, a decline of approximately 18.1% in one day [3]. Class Action Details - The class period for the lawsuit is from February 27, 2025, to July 8, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is December 8, 2025, and there is no cost to participate in the case [4]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].