NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP:
- Do you, or did you, own shares of WEBTOON Entertainment Inc. (NASDAQ: WBTN)?
- Did you purchase your shares in connection with the Company’s June 2024 IPO?
- Did you lose money in your investment in WEBTOON Entertainment Inc.?
- Do you want to discuss your rights?
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors (the “Class”) who purchased or acquired the common stock of WEBTOON Entertainment Inc. (“Webtoon” or the “Company”) (NASDAQ: WBTN) pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s June 2024 initial public offering (the “Class Period”). The lawsuit was filed in the United States District Court for the Central District of California and alleges violations of the Securities Act of 1933 against the Company and certain of its officers (the “Complaint”).
If you purchased or acquired Webtoon common stock, and/or would like to discuss your legal rights and options please visit WEBTOON Entertainment Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
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.
ATTORNEY ADVERTISING. © 2024 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
