Investigation Overview
An investigation on behalf of investors of WPP plc (NYSE: WPP) shares over potential securities laws violations by WPP plc (NYSE: WPP and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of WPP plc (NYSE: WPP) concerning 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.
WPP plc is a British multinational advertising and public relations company. WPP plc reported that its annual Total Revenue declined from over 18.03 billion GBP to over 17.77 billion GBP and that its Net Income increased from over 1.83 billion GBP to over 1.85 billion GBP.
On April 3, 2018, it was reported that the board of WPP 'is looking into whether longtime Chief Executive Martin Sorrell misused company assets' and 'also looking into allegations of improper personal behavior by Mr. Sorrell.'