WPP plc(US:WPP) Prnewswire·2025-11-11 13:45Core Points - A class action securities lawsuit has been filed against WPP plc, alleging securities fraud that affected investors between February 27, 2025, and July 8, 2025 [1] - The lawsuit claims that WPP misled investors by providing overly positive statements while concealing significant adverse facts about its media arm's performance and market share losses [2] - Following a trading update on July 9, 2025, which revealed a deterioration in performance, WPP's stock price dropped from $35.82 to $29.34, a decline of approximately 18.1% in one day [2] Case Details - The complaint highlights that WPP's media arm was not adequately equipped to handle macroeconomic challenges and was losing market share to competitors [2] - The company attributed its poor performance to macroeconomic uncertainties affecting client spending and weaker new business, compounded by ongoing restructuring efforts [2] Next Steps - Investors who suffered losses during the specified timeframe have until December 8, 2025, to request appointment as lead plaintiff, although participation does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the United States [4]