WPP plc(US:WPP) Prnewswireยท2025-11-10 13:45Core Viewpoint - WPP plc is facing allegations of providing misleading information to investors regarding its media arm's performance, leading to a significant drop in stock price following a negative trading update [1]. Summary by Sections Allegations and Performance Issues - The complaint against WPP plc claims that the company made overwhelmingly positive statements while concealing material adverse facts about its media arm's ability to handle macroeconomic challenges and competition [1]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty affecting client spending and weaker new business than expected, partly due to ongoing restructuring within WPP Media (GroupM) [1]. Stock Price Impact - Following the negative 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 a decline of approximately 18.1% in just one day [1]. Class Action Details - Shareholders who purchased WPP shares during the class period from February 27, 2025, to July 8, 2025, are encouraged to register for a class action lawsuit, with a deadline for lead plaintiff appointment set for December 8, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2].