WPP plc(US:WPP) Globenewswire·2025-10-22 23:03Core Viewpoint - The Gross Law Firm is notifying shareholders of WPP plc regarding a class action lawsuit due to alleged misleading statements and performance deterioration in WPP's media arm, leading to significant stock price decline [1][3]. Summary by Sections Allegations - The complaint alleges that WPP's management provided overly positive statements while concealing material adverse facts about the company's media arm, which was not adequately equipped to handle macroeconomic challenges and was losing market share [3]. - On July 9, 2025, WPP reported a trading update indicating a deterioration in performance, attributing it to macroeconomic uncertainty and weaker new business, partly due to ongoing restructuring [3]. Stock Performance - Following the trading update on July 9, 2025, WPP's stock price dropped from $35.82 to $29.34, representing an approximate decline of 18.1% in one day [3]. Class Action Details - The class period for the lawsuit is from February 27, 2025, to July 8, 2025, with a deadline for shareholders to register as lead plaintiffs by December 8, 2025 [4]. - Shareholders who register will receive updates on the case's progress through portfolio monitoring software [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].