Rosen Law Firm Urges Warner Bros. Discovery, Inc. Investors to Act Before Class Action Deadline

New York, New York--(January 12, 2025) - WHY: The Rosen Law Firm, known for its focus on investor rights, reminds those who bought securities of Warner Bros. Discovery, Inc. (NASDAQ: WBD) between February 23, 2024, and August 7, 2024 (the "Class Period"), about the crucial January 24, 2025 lead plaintiff deadline.

SO WHAT: If you are among the investors who purchased WBD securities during the Class Period, you may qualify for compensation under a contingency fee arrangement, meaning you won’t need to pay any fees upfront.

WHAT TO DO NEXT: To participate in the WBD class action, visit this link or reach out to Phillip Kim, Esq. at 866-767-3653 or via email at [email protected] for further details. A class action lawsuit has already been initiated. If you wish to be the lead plaintiff, you need to file a motion with the Court by January 24, 2025. The lead plaintiff will represent other class members in managing the case.

WHY CHOOSE ROSEN LAW FIRM: It's advisable for investors to choose legal counsel with a proven record in similar cases. Some firms that send out notices may lack relevant experience or sufficient resources, and may not actively litigate cases themselves. The Rosen Law Firm has a history of representing investors globally, particularly in securities class actions and shareholder derivative lawsuits. Notably, the firm achieved one of the largest securities class action settlements against a Chinese company at that time and was recognized as Number 1 by ISS Securities Class Action Services for the most class action settlements in 2017. The firm has consistently ranked among the top four firms in this area and has secured hundreds of millions of dollars for investors.

CASE DETAILS: The lawsuit claims that during the Class Period, the defendants made misleading statements or failed to disclose key information, including that: (1) Warner Bros. Discovery's negotiations for sports rights with the National Basketball Association (NBA) were likely to force a major reevaluation of its business and goodwill; (2) the goodwill of the Networks segment had significantly declined due to disparities between market capitalization and book value, declining conditions in certain U.S. advertising markets, and uncertainties related to rights renewals; (3) these issues heightened the risk of Warner Bros. Discovery facing billions in impairment charges; (4) thus, the defendants had exaggerated the company’s financial health; and (5) as a result, their public statements were materially misleading. When the reality was revealed, the investors experienced financial losses.

To become part of the WBD class action, please visit here or call Phillip Kim, Esq. at 866-767-3653 or email [email protected].

No class has been certified yet. Until a class is certified, you won’t be represented by counsel unless you engage one. You are free to choose your own counsel or opt to remain an absent class member without taking any action at this stage. Your potential share in any recovery will not depend on being the lead plaintiff.

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investors, lawsuit, WarnerBros