WPP plc

On July 9, 2025, WPP provided an update for the first half of 2025, disclosing to investors that the Company had “seen a deterioration in performance as Q2 has progressed” due to “continued macro uncertainty weighing on client spend and weaker net new business than originally anticipated,” as well as “some distraction to the business” as a result of the continued restructuring of its media arm, WPP Media, formerly GroupM.

On this news, WPP’s stock price fell $6.48, or 18.1%, to close at $29.34 per share on July 9, 2025, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that WPP’s media arm was not truly equipped to handle the ongoing macroeconomic challenges while competing effectively and had instead begun to lose significant market share to its competitors; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.