WPP plc(US:WPP) Globenewswire·2025-11-05 22:55Core Viewpoint - The Gross Law Firm is notifying shareholders of WPP plc regarding a class action lawsuit due to allegations of 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 deterioration in performance for Q2 2025, attributing it to macroeconomic uncertainty and weaker new business, partly due to ongoing restructuring within WPP Media (GroupM) [3]. Stock Performance - Following the trading update on July 9, 2025, WPP's stock price dropped 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 [3]. Class Action Details - The class period for the lawsuit is from February 27, 2025, to July 8, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is December 8, 2025, and there is no cost or obligation to participate in the case [4]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].