Core Insights - Hotchkis & Wiley Mid-Cap Value Fund's third-quarter 2025 investor letter highlights strong equity market performance, with major indices reaching all-time highs driven by enthusiasm for AI, anticipated Federal Reserve rate cuts, and robust corporate earnings [1] - The fund outperformed the Russell Midcap Value Index, achieving a gain of 7.74% compared to the index's 6.18% [1] Company Analysis: WPP plc - WPP plc is identified as a leading ad agency holding company, experiencing pressure due to lower-than-expected revenue growth and disappointing Q2 earnings results [3] - The stock of WPP plc saw a one-month return of 8.57%, but it has lost 62.46% over the past 52 weeks, closing at $21.16 per share with a market capitalization of $4.575 billion as of December 09, 2025 [2] - The introduction of a new CEO with expertise in digital transformation and AI is viewed as a potential catalyst for the company's turnaround, with expectations of mid-teens returns from capital return and organic growth [3] Hedge Fund Interest - WPP plc was held by 11 hedge fund portfolios at the end of the third quarter, an increase from 8 in the previous quarter, indicating growing interest among institutional investors [4] - Despite recognizing WPP plc's potential, the company is not among the 30 most popular stocks among hedge funds, with certain AI stocks being perceived as offering greater upside potential and lower downside risk [4]

Core Viewpoint - The WPP class action lawsuit alleges that WPP plc and its executives misled investors regarding the company's revenue outlook and growth potential during the Class Period, ultimately leading to significant stock price declines following disappointing performance updates [3][4]. Group 1: Lawsuit Details - The class action lawsuit seeks to represent purchasers of WPP plc common stock from February 27, 2025, to July 8, 2025, inclusive [1]. - The lawsuit is titled Marty v. WPP plc and is filed in the Southern District of New York [1]. - Allegations include creating a false impression of reliable revenue projections while downplaying risks associated with seasonality and macroeconomic factors [3]. Group 2: Performance Issues - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing it to macroeconomic uncertainties and weaker new business than expected [4]. - The company also announced the retirement of CEO Mark Read effective December 31, 2025, which contributed to an over 18% drop in WPP's stock price on the same day [4]. Group 3: Legal Process - Investors who purchased WPP common stock during the Class Period can seek to be appointed as lead plaintiff in the class action lawsuit [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in monetary relief for investors in securities class actions for four out of the last five years [6].

Core Viewpoint - The WPP class action lawsuit alleges that WPP plc and its executives misled investors regarding the company's revenue outlook and growth potential during the specified Class Period, leading to significant financial losses for shareholders [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Marty v. WPP plc and covers the period from February 27, 2025, to July 8, 2025 [1]. - The lawsuit claims that WPP created a false impression of its financial health and growth prospects while downplaying risks associated with seasonality and macroeconomic factors [3]. - On July 9, 2025, WPP reported a deterioration in performance, attributing it to macroeconomic uncertainties and weaker new business than expected, which led to an over 18% drop in stock price [4]. Group 2: Company Background - WPP positions itself as a creative transformation company offering services in communications, experience, commerce, and technology [2]. - The company has faced challenges in its media arm, which has reportedly lost market share to competitors [3]. Group 3: Legal Process - Investors who purchased WPP common stock during the Class Period can seek to be appointed as lead plaintiff in the lawsuit, representing the interests of the class [5]. - The lead plaintiff has the authority to select a law firm for the litigation, but participation as lead plaintiff is not necessary for potential recovery [5]. Group 4: Law Firm Profile - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in securities class action services for four out of the last five years [6].

Company Overview - EPAM Systems, Inc. (NYSE:EPAM) is recognized as one of the oversold growth stocks to buy according to analysts [1] - The company specializes in digital engineering and transformation services, leveraging AI, cloud, and advanced technologies to enhance customer experiences and drive growth [3] Recent Developments - On September 12, EPAM announced the rebranding of The Reference, Belgium's first digital agency, to Empathy Lab [1] - The merger of The Reference with the former Emakina Belgium team aims to establish Empathy Lab as a leader in AI-driven, human-centered digital experiences across Europe [2] Strategic Focus - Empathy Lab will focus on delivering AI-powered marketing, commerce, and customer engagement solutions that are designed to generate real business growth [2] - The new entity will combine expertise from data scientists, AI experts, strategists, and creatives to enhance its service offerings [2]