WEBTOON Entertainment Inc. Class Action Lawsuit - WBTN

Company: WEBTOON Entertainment Inc. (NASDAQ: WBTN)
Lead Plaintiff Deadline: November 4, 2024 (Expired)
Class Definition: This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Webtoon common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s June 2024 initial public offering.

Expired

Lead Plaintiff Deadline

Nov 4, 2024

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Allegations

The filed complaint alleges that WEBTOON Entertainment Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company experienced a deceleration in advertising revenue growth; (2) the Company experienced a deceleration in IP adaptations revenue; (3) the Company experienced exposure to weaker foreign currencies which offset revenue growth; (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Eligibility

In order to be eligible to join the WBTN class action lawsuit, you must have incurred a loss on shares of WEBTOON Entertainment Inc. purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in WEBTOON Entertainment Inc. during the relevant time frame, you have until November 4, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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