ROSEN, LEAD INVESTOR ADVISOR, encourages Warner Bros. investors. Discovery, Inc. to secure counsel before an important securities class action deadline

New York, New York–(Newsfile Corp. – December 29, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Warner Bros. securities. Discovery, Inc. (NASDAQ: NASDAQ: ) between February 23, 2024 and August 7, 2024, both dates inclusive (the “Class Period”) , of the material January 24, 2025, the deadline for the chief prosecutor.

SO WHAT: If you purchased securities of WBD during the Class Period, you may be entitled to compensation without paying any fees or out-of-pocket expenses through a contingency fee agreement.

WHAT TO DO NEXT: To join the WBD class action, go to https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you want to be the chief prosecutor, you have to move the court no later than January 24, 2025. The lead plaintiff is the representative party that acts on behalf of the other class members in the conduct of the litigation.

WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the firms issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Many of these firms do not actually initiate securities class actions, but are merely brokers who refer clients or are partners with law firms that actually litigate. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm secured the largest securities class action settlement to date against a Chinese company at the time. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Services for numerous securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law360 Claimant Bar Association Titan. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the complaint, during the Class Period, the defendants made false and/or misleading statements and/or failed to disclose the following: (1) WBD’s sports rights negotiations with the National Basketball Association (“NBA”) cause or are likely to cause WBD to substantially review your business and goodwill; (2) WBD’s goodwill in its Networks segment has deteriorated significantly as a result of the difference between its market capitalization and book value, continued weakness in certain US advertising markets and uncertainty related to affiliate and sports rights renewals, including the NBA; (3) the foregoing substantially increased the likelihood that WBD would incur billions of dollars in goodwill impairment charges; (4) therefore, defendants overestimated WBD’s overall business and financial prospects; and (5) as a result, WBD’s public statements were materially false and misleading at all relevant times. When the true details came to market, the lawsuit alleges, investors suffered damages.

To join the WBD class action, go to https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

No class is certified. Until the class is certified, you will not be represented by an attorney unless you retain one. You can choose a lawyer of your choice. You can also remain an absent member of the class and do nothing at this time. An investor’s ability to participate in a potential future recovery does not depend on whether it is the lead plaintiff.

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To view the original version of this press release, visit https://www.newsfilecorp.com/release/235416