WPP plc(US:WPP) Globenewswire·2025-11-19 21:38Core Viewpoint - The Gross Law Firm is notifying shareholders of WPP plc regarding a class action lawsuit due to allegations of misleading statements and a significant decline in stock price following a negative trading update [1][3]. Summary by Sections Allegations - The complaint alleges that WPP's management provided overly positive statements while concealing material adverse facts about the company's media arm, which was not adequately equipped to handle macroeconomic challenges and was losing market share [3]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty and weaker new business, partly due to ongoing restructuring within WPP Media (GroupM) [3]. Stock Price Impact - Following the trading update on July 9, 2025, WPP's stock price fell from $35.82 per share to $29.34 per share, marking a decline of approximately 18.1% in one day [3]. Class Action Details - The class period for the lawsuit is from February 27, 2025, to July 8, 2025, with a deadline for shareholders to register as lead plaintiffs by December 8, 2025 [4]. - Shareholders who register will receive updates on the case through portfolio monitoring software, and there is no cost or obligation to participate [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].