Reported 3 days ago
A shareholder lawsuit has been filed against Warner Bros. Discovery, Inc. by Richard Collura, alleging the company and its executives misled investors about stock prices and financial performance during a specified period. The complaint claims that the company's inflated goodwill and misrepresented asset values led to significant financial losses for shareholders, culminating in a $10 billion net loss reported in August 2024. The lawsuit seeks compensation for the damages incurred due to these alleged misrepresentations.
Source: YAHOO