World News: 00:26 GMT Saturday 10th November 2018. [Pomerantz LLP via Globe Newswire via SPi World News]
NEW YORK, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of WPP plc (“WPP” or the “Company”) (NYSE: WPP). Such investors are advised to contact Robert S. Willoughby at or 888-476-6529, ext. 9980.
The investigation concerns whether WPP and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 25, 2018, WPP issued a press release, significantly lowering its full-year profit outlook. The Company advised investors that full-year operating margins would slide 100 basis points to 1.5% on a net sales decline of 1% from 2017. WPP further announced that Paul Richardson, WPP’s Group Finance Director since 1996, would retire from the Company.
Following this news, WPP’s American depositary receipt price fell $12.11 per share, or 17.3%, to close at $57.90 on October 25, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .
Globe Newswire: 00:26 GMT Saturday 10th November 2018
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