WEBTOON ENTERTAINMENT INC. SHAREHOLDERS HAVE AN OPPORTUNITY TO RECOVER THEIR INVESTMENT LOSSES
WEBTOON Entertainment Inc.
Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired WEBTOON Entertainment Inc. (“Webtoon” or the “Company”) (NASDAQ: WBTN) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s June 2024 initial public offering.. The lawsuit seeks to recover Webtoon shareholders’ investment losses.
If you purchased common stock in Webtoon pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s June 2024 initial public offering, and would like to discuss your legal rights and/or options, please click “Join Class Action” above.
According to the lawsuit, Webtoon made misrepresentations concerning the Company’s advertising revenue growth and IP adaptations revenue and exposure to weaker foreign currencies.
If you wish to serve as lead plaintiff for the Class, you must file papers by November 4, 2024. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
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Contact Information:
Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com