This suit was surfaced by Law.com Radar. Read the complaint here.
September 24, 2022 at 05:21 PM
1 minute read
Warner Bros. Discovery, the global entertainment company created through the 2022 merger of WarnerMedia and Discovery, and top Discovery executives were slapped with a securities class action Friday in New York Southern District Court.
The suit, filed by Wolf Popper LLP on behalf of Collinsville Police Pension Board, claims that the defendants failed to disclose adverse facts about WarnerMedia’s HBO Max streaming business prior to a March 2022 shareholder vote on the merger.
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Warner Brothers logo on a building in Burbank.
