WPP plc(US:WPP) Prnewswire·2025-12-02 20:33Core Viewpoint - A class action lawsuit has been filed against WPP plc, alleging that the company misled investors about its business prospects during the class period from February 22, 2024, to July 8, 2025 [1]. Allegations - The complaint states that WPP failed to disclose a lack of coherent strategy for the simplification and transformation of WPP Media, which led to significant internal disruptions [2]. - These internal disruptions hindered WPP's ability to generate new business and resulted in the loss of large clients [2]. Performance Update - On July 9, 2025, WPP reported a deterioration in performance for the second quarter, attributing it to restructuring actions that caused distractions and a deficit of new business opportunities [3]. - Following this announcement, 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% [3]. Next Steps for Shareholders - Shareholders interested in participating as lead plaintiffs in the class action must submit their papers by December 8, 2025 [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4].