An investigation for investors in WPP plc (NYSE: WPP) shares over potential securities laws violations by WPP plc was announced.
San Diego, CA -- (SBWIRE) -- 11/30/2018 -- An investigation was announced on behalf of investors in NYSE: WPP shares over potential securities laws violations by WPP plc.
Investors who purchased shares of WPP plc (NYSE: WPP), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by WPP plc (NYSE: WPP regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
London based WPP plc provides various communications services worldwide. WPP plc reported that its annual Total Revenue rose from over $1.438 billion in 2016 to over $15.26 billion in 2017 and that its Net Income increased from over 1.4 billion in 2016 to over $1.81 billion in 2017.
On October 25, 2018, WPP plc announced that it is 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.
Shares of WPP plc (NYSE: WPP) declined from $119.12 per share in February 2017 to as low as $54.92 per share on October 29, 2018.
Those who purchased shares of WPP plc (NYSE: WPP) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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