WPP plc(US:WPP) Prnewswire·2025-11-21 15:58Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against WPP plc due to allegations of violations of federal securities laws related to misleading statements about the company's expected revenue for fiscal year 2025 [2][3]. Group 1: Allegations and Company Performance - The complaint alleges that WPP and its executives made false and misleading statements regarding the company's media division, claiming confidence in revitalization efforts while concealing the true challenges faced [2]. - WPP's trading update on July 9, 2025, indicated a deterioration in performance, attributing it to macroeconomic uncertainties and weaker new business than anticipated [3]. - Following the trading update, WPP's stock price dropped from $35.82 to $29.34, a decline of approximately 18.1% in one day [4]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased WPP securities between February 27, 2025, and July 8, 2025, are encouraged to discuss their legal rights and options, with a deadline of December 8, 2025, to seek the role of lead plaintiff in the class action [1][5]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [5]. - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding WPP's conduct [6].