WPP plc(US:WPP) Globenewswire·2025-11-24 19:59Core Viewpoint - WPP plc is facing a class action lawsuit due to allegations of providing misleading statements about its media arm's performance, leading to a significant drop in stock price following a negative trading update [3][4]. Summary by Sections Allegations - The complaint claims that WPP's management made overly positive statements while concealing material adverse facts about the company's ability to handle macroeconomic challenges and competition, resulting in a loss of market share [3]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing it to macroeconomic uncertainties 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 plummeted from $35.82 per share to $29.34 per share, marking an approximate decline of 18.1% in just one day [3]. Class Action Details - The class period for the lawsuit is defined as February 27, 2025, to July 8, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is December 8, 2025, and there is no cost or obligation to participate in the case [4]. Firm Background - The Gross Law Firm, which is leading the class action, is recognized for protecting investors' rights against deceit and fraud, aiming to recover losses incurred due to misleading statements by companies [5].