WPP Investors Urged to Seek Lead Role in Securities Suit as Dec. 8 Deadline Nears
Investors face a December 8 deadline to seek lead-plaintiff status over claims that WPP misled the market on forecasts, client wins, and client retention.
Overview
- Shareholder-rights firms Glancy Prongay & Murray, DJS Law Group, and The Schall Law Firm issued notices inviting investors to pursue lead-plaintiff appointment.
- The putative class period spans February 27, 2025 through July 8, 2025 for purchasers of WPP common stock.
- The complaint alleges WPP overstated the reliability of its revenue outlook and growth forecasting and overstated success in winning new clients and retaining existing ones.
- One notice further claims WPP’s media arm was losing market share, rendering prior statements about business prospects misleading or lacking a reasonable basis.
- Plaintiffs assert violations of Sections 10(b) and 20(a) and Rule 10b-5, the class is not certified, and a July 9, 2025 update tied to an approximate 18.1% one-day stock drop is cited as the corrective disclosure.