Warner Bros Discovery, Inc. (NASDAQ: WBD) Investor Alert
A recent development has caught the attention of Warner Bros. Discovery, Inc. (NASDAQ: WBD) investors. A shareholder has brought a securities class action lawsuit on behalf of investors who bought or acquired WBD securities between February 23, 2024, and August 7, 2024. If you fall into this category, you may have rights worth exploring.
The lawsuit alleges that there were misrepresentations about WBD’s sports rights negotiations with the NBA. These misrepresentations reportedly led to WBD reevaluating its business and goodwill. To learn more or get involved, you can fill out a form on the Warner Bros. Discovery, Inc. Shareholder Class Action Lawsuit page, contact Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or give them a call at (212) 951-2030.
If you’re considering becoming the lead plaintiff for the Class, keep in mind that the deadline to file is January 24, 2025. A lead plaintiff represents other class members in the litigation process. However, participating as the lead plaintiff is not required to benefit from any potential recovery. If you choose not to take any action, you can still be an absent class member.
It’s essential to note that all legal representation in this matter operates on a contingency fee basis. This means that shareholders do not have to pay fees or expenses upfront. Bernstein Liebhard LLP, the legal firm handling this case, has an impressive track record of recovering over $3.5 billion for clients since 1993.
In addition to individual investors, Bernstein Liebhard LLP represents some of the largest public and private pension funds in the country. Their expertise extends to monitoring assets and pursuing legal action on behalf of these institutions. With a history of successful class action litigations, the firm has garnered recognition in The National Law Journal’s “Plaintiffs’ Hot List” multiple times and has been listed in The Legal 500 for sixteen consecutive years.
For more information, you can reach out to Peter Allocco, Investor Relations Manager at Bernstein Liebhard LLP, via email at pallocco@bernlieb.com or visit their website at https://www.bernlieb.com. You can also give them a call at (212) 951-2030. Remember, past results do not guarantee future outcomes with any legal matters.
