WPP plc(US:WPP) Globenewswire·2025-11-04 17:04Core 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, which led to significant losses for investors [3][5]. Summary by Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $10,000 in WPP between February 27, 2025, and July 8, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against WPP, with a deadline of December 8, 2025, for investors to seek the role of lead plaintiff [3]. 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 and its ability to handle macroeconomic challenges [5]. - WPP's executives expressed confidence in revitalizing the media division and claimed that new business wins would offset losses, while concealing the true state of the media arm [5]. Market Reaction - On July 9, 2025, WPP reported a deterioration in performance, attributing it to macroeconomic uncertainties and weaker new business than anticipated, which led to a significant stock price drop [6][7]. - WPP's 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].