WPP plc(US:WPP) Globenewswire·2025-10-26 13:19Core 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]. - WPP's executives expressed confidence in revitalizing the media division and claimed that new business wins would offset losses, while concealing the true challenges faced by the company [5]. - The company was reportedly losing significant market share to competitors, which was not disclosed to investors, leading to purchases of WPP securities at inflated prices [5]. Group 2: Impact on Stock Price - On July 9, 2025, WPP announced a deterioration in performance, attributing it to macroeconomic uncertainties and weaker new business than expected, which led to a dramatic stock price decline [6][7]. - The 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 who suffered losses are encouraged to contact Faruqi & Faruqi to discuss their legal rights, with a deadline of December 8, 2025, to seek the role of lead plaintiff in the class action [3][9]. - 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].