WPP plc(US:WPP) Prnewswireยท2025-10-27 23:48Core Viewpoint - WPP PLC is facing a class action lawsuit due to allegations of misleading investors about its business prospects and financial performance during the specified class period [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that WPP PLC misrepresented its revenue outlook and growth potential, downplaying risks associated with seasonality and macroeconomic factors [2]. - The complaint indicates that WPP's optimistic projections regarding new client acquisitions and retention were not aligned with actual performance, as the media division struggled to maintain market share [2]. - On July 9, 2025, WPP reported a decline in performance for Q2 2025, attributing this to macroeconomic uncertainties and weaker-than-expected new business, which led to an 18.1% drop in stock price from $35.82 to $29.34 per share [3]. Group 2: Legal Proceedings and Participation - Shareholders are encouraged to participate in the class action and can contact Robbins LLP if they wish to serve as lead plaintiffs, representing the interests of other investors [4]. - Participation in the lawsuit is not mandatory for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 3: Company Background - WPP PLC is a global communications company involved in advertising, media management, consultancy, public relations, and branding services [1].