{"id":801166,"date":"2025-01-15T12:46:10","date_gmt":"2025-01-15T17:46:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investors-who-lost-money-on-warner-bros-discovery-inc-wbd-should-contact-the-gross-law-firm-about-pending-class-action-wbd\/"},"modified":"2025-01-15T12:46:10","modified_gmt":"2025-01-15T17:46:10","slug":"investors-who-lost-money-on-warner-bros-discovery-inc-wbd-should-contact-the-gross-law-firm-about-pending-class-action-wbd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investors-who-lost-money-on-warner-bros-discovery-inc-wbd-should-contact-the-gross-law-firm-about-pending-class-action-wbd\/","title":{"rendered":"Investors who lost money on Warner Bros. Discovery, Inc.(WBD) should contact The Gross Law Firm about pending Class Action &#8211; WBD"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Jan.  15, 2025  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of <strong>Warner Bros. Discovery, Inc. (NASDAQ: WBD).<\/strong><\/p>\n<p>Shareholders who purchased shares of WBD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n<p align=\"center\">CONTACT US HERE:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6vX6MHJxfhEKqRDVQdZ4g7g6CeN5tSkYPSZTn8DjbkMdn_zPUHLoctVb_PhHvt3jR1KBZF4nDJ7V-YH9n9A-aq04W-dj7dQWh5wc6t-apnqImjiZ7ZLH_KuEpE4LPA5AbqEK4Qu8imtHD3WbdbXSndOifJtI4ho4dLPago85fr9bHn_0QTFWsVMMwOwaxWcBTDV1yagi_uBsjIveI0F5YWy2GeDACL_5mO0Dl4aoZajSmj9CoZ2ZrC-zdsy5PEDbFWKAXeqyMhkjTNFqMcvt0OEvI6KYcmC6Vkc94XMHcEoN0k10Ploi6GwriQz-QA37\" rel=\"nofollow\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/warner-bros-discovery-loss-submission-form\/?id=122764&amp;from=3<\/a>\n      <\/p>\n<p>\n        <strong>CLASS PERIOD: <\/strong>February 23, 2024 to August 7, 2024<\/p>\n<p>\n        <strong>ALLEGATIONS: <\/strong>The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) WBD\u2019s sports rights negotiations with the NBA were causing, or were likely to cause, the Company to significantly reevaluate its business and goodwill; (ii) WBD\u2019s goodwill in its Networks segment had significantly deteriorated as a result of the difference between its market capitalization and book value, continued softness in certain U.S. advertising markets, and uncertainty related to affiliate and sports rights renewals, including with the NBA; (iii) the foregoing significantly increased the likelihood of WBD incurring billions of dollars in goodwill impairment charges; (iv) accordingly, defendants had overstated WBD\u2019s overall business and financial prospects; and (v) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p>\n        <strong>DEADLINE: January 24, 2025<\/strong> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6vX6MHJxfhEKqRDVQdZ4g7g6CeN5tSkYPSZTn8DjbkMdn_zPUHLoctVb_PhHvt3jR1KBZF4nDJ7V-YH9n9A-aq04W-dj7dQWh5wc6t-apnqImjiZ7ZLH_KuEpE4LPA5AbqEK4Qu8imtHD3WbdbXSnQU_zXQpITwYKHH_OuU1aswjLstN_As_ZV1vGMuh8iUYo-I05Azo2SX6ZoRaO_zxtzVyMoKC_3nmKt2aobZmA8SVHCuuCB0A_LFzFRR_xo0UO5wZjUsJRW4nTxRXdp1IiLNJzJlnTPXliYsuSjpK1pCVovLaZuzE9iv5BYkmW54p\" rel=\"nofollow\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/warner-bros-discovery-loss-submission-form\/?id=122764&amp;from=3<\/a><\/p>\n<p>\n        <strong>NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of WBD during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is January 24, 2025. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=x4ekcOnEb8Se_24SyLnf6DCEh56AfaZ4_e70bk5KwbuUcIiQL9ykEDoVFZ0PusNZr1ht-ry8ys2jkTaRW7dAjSuUbN4mZpAK8znDLq1M1k1jDI9g33Qp6Hut2wQLSBN4\" rel=\"nofollow\" target=\"_blank\">dg@securitiesclasslaw.com<\/a><br \/>Phone: (646) 453-8903<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMjAwMSM2Njk0MjU4IzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTNmOWFlNmYtZDMwNC00Njg0LThmNjAtYmVkNTA2OWM0NzA4LTEyNzA0Njc=\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD). Shareholders who purchased shares of WBD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/warner-bros-discovery-loss-submission-form\/?id=122764&amp;from=3 CLASS PERIOD: February 23, 2024 to August 7, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) WBD\u2019s sports rights negotiations with the NBA were causing, or were likely to cause, the Company to significantly reevaluate its business and goodwill; (ii) WBD\u2019s goodwill &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investors-who-lost-money-on-warner-bros-discovery-inc-wbd-should-contact-the-gross-law-firm-about-pending-class-action-wbd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Investors who lost money on Warner Bros. Discovery, Inc.(WBD) should contact The Gross Law Firm about pending Class Action &#8211; WBD&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-801166","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investors who lost money on Warner Bros. Discovery, Inc.(WBD) should contact The Gross Law Firm about pending Class Action - WBD - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investors-who-lost-money-on-warner-bros-discovery-inc-wbd-should-contact-the-gross-law-firm-about-pending-class-action-wbd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors who lost money on Warner Bros. Discovery, Inc.(WBD) should contact The Gross Law Firm about pending Class Action - WBD - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD). Shareholders who purchased shares of WBD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/warner-bros-discovery-loss-submission-form\/?id=122764&amp;from=3 CLASS PERIOD: February 23, 2024 to August 7, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) WBD\u2019s sports rights negotiations with the NBA were causing, or were likely to cause, the Company to significantly reevaluate its business and goodwill; (ii) WBD\u2019s goodwill &hellip; Continue reading &quot;Investors who lost money on Warner Bros. 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Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/warner-bros-discovery-loss-submission-form\/?id=122764&amp;from=3 CLASS PERIOD: February 23, 2024 to August 7, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) WBD\u2019s sports rights negotiations with the NBA were causing, or were likely to cause, the Company to significantly reevaluate its business and goodwill; (ii) WBD\u2019s goodwill &hellip; Continue reading \"Investors who lost money on Warner Bros. 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