WPP plc(US:WPP) Newsfileยท2025-11-12 21:55Core Viewpoint - A class action lawsuit has been filed against WPP plc, alleging securities fraud that negatively impacted shareholders between February 27, 2025, and July 8, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit claims that WPP's management made overly positive statements while concealing material adverse facts about the company's media arm, which was struggling to cope with macroeconomic challenges and losing market share [3]. - On July 9, 2025, WPP issued a trading update indicating a deterioration in performance, attributing it to macroeconomic uncertainties and weaker new business, partly due to ongoing restructuring efforts [4]. Group 2: Stock Price Impact - 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 a decline of approximately 18.1% in just one day [5]. Group 3: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, is representing the shareholders in this class action, highlighting their extensive experience and success in similar cases [8].