WPP plc(US:WPP) Businesswire·2025-12-08 18:07Core Viewpoint - The article discusses an investigation into WPP plc regarding potential violations of federal securities laws, specifically related to misleading statements about the company's expected revenue for fiscal year 2025 and the subsequent impact on its stock price [1][2]. Group 1: Allegations and Company Performance - The complaint alleges that WPP and its executives made false and misleading statements about the company's media division, claiming confidence in revitalization efforts while concealing the true challenges faced, including significant market share loss [2][3]. - WPP's trading update on July 9, 2025, indicated a deterioration in performance, attributing this to macroeconomic uncertainties and weaker new business, partly due to ongoing restructuring efforts [3][4]. Group 2: Stock Price Reaction - Following the negative trading update, WPP's stock price dropped 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 one day [4]. Group 3: Legal Proceedings - The article outlines the process for investors to seek the role of lead plaintiff in the class action lawsuit, emphasizing that any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member [5]. - The law firm Faruqi & Faruqi encourages individuals with information regarding WPP's conduct to come forward, including whistleblowers and former employees [6].