Shareholder Alert: Warner Bros. Discovery Faces Class Action Deadline

Overview of the Upcoming Deadline for Investors

As investors in Warner Bros. Discovery, Inc. (NASDAQ: WBD), it's crucial to stay informed about significant developments surrounding your investments. Bernstein Liebhard LLP, a leading law firm in investor rights, has issued an alert regarding an impending deadline for shareholders involved in a crucial securities fraud class action lawsuit against the company.

Key Questions for Shareholders

As a shareholder, you may find yourself asking several important questions. Did you own shares of Warner Bros. Discovery during the critical period? More specifically, did you purchase your shares between February 23, 2024, and August 7, 2024? It's vital to assess if you may have suffered losses in your investment during this timeframe.

Understanding the Lawsuit

The lawsuit alleges serious violations of the Securities Exchange Act of 1934, centered around misleading statements made by Warner Bros. Discovery regarding its sports rights negotiations with the NBA. These misrepresentations have reportedly led the company to reevaluate its business and goodwill significantly.

Importance of Taking Action

For those affected, it is essential to consider your options. If you acquired shares within the specified period, you are encouraged to discuss your legal rights and options. Bernstein Liebhard LLP offers a platform for investors to communicate their concerns and understand potential pathways for recovery.

Serving as a Lead Plaintiff

If you wish to take a more active role in this legal action, you may apply to serve as the lead plaintiff for the class. This role involves representing the interests of all class members in the ongoing litigation. Importantly, you are not required to be a lead plaintiff to share in any potential recovery. If you prefer not to participate, you can remain an absent class member.

No Fees for Representation

Investors often worry about the costs associated with legal action. Fortunately, representation by Bernstein Liebhard LLP operates on a contingency fee basis. This means that shareholders will not incur any fees or expenses unless there's a successful recovery.

Bernstein Liebhard LLP: A Proven Record

With a remarkable track record since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. The firm has established a reputation for representing a wide array of investors, including notable public and private pension funds, ensuring their interests are well-monitored and protected against losses.

Contact Information

If you need more information regarding your rights as a shareholder of Warner Bros. Discovery, you can reach out to Investor Relations Manager Peter Allocco. He is available at (212) 951-2030 or via email at pallocco@bernlieb.com. The firm is dedicated to guiding you through your options and providing the support needed to navigate this situation.

Frequently Asked Questions

What is the deadline for serving as a lead plaintiff?

The deadline to file papers to serve as lead plaintiff is January 24, 2025.

What should I do if I purchased shares during the relevant period?

If you purchased shares between February 23, 2024, and August 7, 2024, consider discussing your rights and legal options with Bernstein Liebhard LLP.

How much will it cost to join the class action?

Joining the class action has no fees for investors, as representation is on a contingency fee basis.

What are the allegations in the lawsuit?

The allegations involve misleading statements regarding Warner Bros. Discovery's negotiations with the NBA, impacting the company's business and goodwill.

Who can I contact for more information?

For inquiries, contact Peter Allocco, Investor Relations Manager at (212) 951-2030 or pallocco@bernlieb.com.

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