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Article Summary
  • Warner Bros. Discovery being sued for allegedly violating securities laws
  • Lawsuit filed by a shareholder accusing the company of making false and misleading statements
  • Allegations include failure to disclose potential financial impact of NBA loss
  • Warner Bros. Discovery stock dropping significantly after news of the lawsuit
  • Shareholder seeking class action status for the lawsuit Tone: Serious and informative
Check out the full article here.
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Los Angeles
  Deadline     2 hours ago
Warner Bros. Discovery Sued For Misleading Investors On NBA Before Losing It
A shareholder has sued Warner Bros. Discovery, the soon-to-be former home of the NBA, for violating securities law by misleading investors on the impact of losing its long-standing rights deal with the league. Richard Collura filed the suit in New York federal court seeking class action status on behalf of shareholders who purchased WBD stock […]
https://deadline.com/2024/11/warner-bros-discovery...
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