ROSEN, NATIONAL INVESTOR COUNSEL, ENCOURAGES WARNER BROS. INVESTORS Discovery, Inc. to Securing Advice Before an Important Deadline in Securities Class Actions

New York, New York — (Newsfile Corp. – January 1, 2025) – FOR WHAT: Rosen Law Firm, a global investor rights law firm, reminds buyers of Warner Bros. securities. , of the important January 24, 2025, the deadline of the main actor.

SO WHAT: If you purchased WBD securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs 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 serve as the main plaintiff, you must move the Court no later than January 24, 2025. A principal plaintiff is a representative party who acts on behalf of the other members of the class in conducting the litigation.

Why ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing notices do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually litigate securities class actions, but are simply intermediaries who refer clients or partners with law firms that actually litigate cases. Be cautious in selecting counsel. The Rosen Law Firm represents investors around the globe, focusing its practice on securities class actions and shareholder derivative litigation. Rosen Law Firm has obtained the largest securities class action settlement against a Chinese Company at the time. Rosen Law Firm was ranked #1 by ISS Securities Class Action (WA:) Services for the number of 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 by law360 Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, during the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) WBD’s sports rights negotiations with the National Basketball Association (“NBA “) have caused, or were likely to. cause, WBD to significantly reevaluate its activity and goodwill; (2) WBD’s goodwill in its Networks segment had significantly deteriorated as a result of the difference between its market capitalization and book value, the continued softness in some US advertising markets, and the uncertainty related to the renewals of sports and affiliation rights, including with the NBA; (3) the foregoing has significantly increased the likelihood of WBD incurring 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 real details entered the market, the lawsuit claims that 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 has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the advice of your choice. You can also be an absent class member and do nothing at this point. The investor’s ability to share in any potential future recovery is not dependent on serving as the lead actor.

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To view the source version of this press release, visit https://www.newsfilecorp.com/release/235556