WPP plc(US:WPP) Globenewswire·2025-11-12 21:26Core Viewpoint - WPP PLC is facing a class action lawsuit due to allegations of misleading investors about its business prospects and financial performance during the specified class period [1][3]. Summary by Sections Company Overview - WPP PLC is a global communications company that provides services in advertising, media management, consultancy, public relations, and branding [1]. Class Action Details - A class action was filed on behalf of investors who purchased WPP common stock between February 27, 2025, and July 8, 2025, alleging that the company misled them regarding its business outlook [1]. Allegations - The complaint claims that WPP created a false impression of having reliable information about its revenue outlook and growth potential while downplaying risks from seasonality and macroeconomic factors [3]. - It is alleged that WPP's optimistic reports on client acquisition and retention were not reflective of reality, as the company's media division was losing market share to competitors [3]. Impact of Trading Update - On July 9, 2025, WPP issued a trading update indicating a deterioration in performance, attributing this to macroeconomic uncertainties and weaker new business than expected, partly due to ongoing restructuring [4]. - Following this announcement, WPP's stock price fell from $35.82 to $29.34, a decline of approximately 18.1% [4]. Next Steps for Shareholders - Shareholders may be eligible to participate in the class action and can contact Robbins LLP if they wish to serve as lead plaintiffs [5].