WPP plc(US:WPP) Prnewswire·2025-10-20 12:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of WPP plc regarding a class action lawsuit due to allegations of misleading statements and concealment of material facts about the company's media arm, which has reportedly lost market share amid macroeconomic challenges [1]. Summary by Sections Allegations - The complaint alleges that WPP provided overly positive statements while concealing adverse facts about its media arm's ability to handle macroeconomic challenges and competition, leading to a significant loss of market share [1]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty affecting client spending and weaker new business, partly due to ongoing restructuring of WPP Media (GroupM) [1]. Stock Performance - Following the trading update on July 9, 2025, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in one day [1]. Next Steps for Shareholders - Shareholders who purchased WPP shares during the specified class period (February 27, 2025, to July 8, 2025) are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for December 8, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices and engage in good corporate citizenship [3].