Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against WPP plc due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's expected revenue for fiscal year 2025 [3][4]. Group 1: Allegations and Company Performance - The complaint alleges that WPP and its executives made false and misleading statements regarding the company's media division, claiming confidence in revitalization efforts while concealing significant market share losses to competitors [3]. - WPP's trading update on July 9, 2025, revealed a deterioration in performance attributed to macroeconomic uncertainties and weaker new business, which was partly due to ongoing restructuring efforts [4]. - Following the trading update, 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 18.1% decline in just one day [5]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased WPP securities between February 27, 2025, and July 8, 2025, 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 [1][6]. - 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 [6]. - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding WPP's conduct [7].
WPP SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Announces that WPP Investors Have Opportunity to Lead Class Action Lawsuit