WEBTOON EntertainmentNASDAQ: WBTN

NEW YORK, NY / ACCESSWIRE / September 17, 2024 / If you suffered a loss on your WEBTOON Entertainment Inc. (NASDAQ:WBTN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/webtoon-entertainment-inc-lawsuit-submission-form?prid=103425&wire=1 or contact Joseph E. Levi, Esq.

BENSALEM, Pa. , Sept. 17, 2024 /PRNewswire/ -- Law Offices of Howard G.

NEW YORK, NY / ACCESSWIRE / September 17, 2024 / If you suffered a loss on your WEBTOON Entertainment Inc. (NASDAQ:WBTN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/webtoon-entertainment-inc-lawsuit-submission-form?prid=103416&wire=1 or contact Joseph E. Levi, Esq.

NEW ORLEANS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against WEBTOON Entertainment Inc. (“Webtoon” or the “Company”) (NasdaqGS: WBTN), if they purchased the Company's shares pursuant and/or traceable to the Company's registration statement issued in connection with its June 2024 initial public offering (“IPO”). This action is pending in the United States District Court for the Central District of California.

NEW YORK, NY / ACCESSWIRE / September 17, 2024 / If you suffered a loss on your WEBTOON Entertainment Inc. (NASDAQ:WBTN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/webtoon-entertainment-inc-lawsuit-submission-form?prid=103367&wire=1 or contact Joseph E. Levi, Esq.

NEW YORK , Sept. 17, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against WEBTOON Entertainment Inc. ("Webtoon" or the "Company") (NASDAQ: WBTN).

CLASS ACTION NOTICE: Berger Montague Advises WEBTOON Entertainment (WBTN) Investors to Inquire About a Securities Fraud Class Action September 17, 2024 10:10 AM EDT | Source: Berger Montague Philadelphia, Pennsylvania--(Newsfile Corp. - September 17, 2024) - Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against WEBTOON Entertainment Inc. ("WEBTOON" or the "Company") (NASDAQ: WBTN) on behalf of purchasers of WEBTOON securities between June 24, 2024 and September 5, 2024, inclusive (the "Class Period").Investors that suffered losses from WEBTOON (NASDAQ: WBTN) investments can follow the link below for more information regarding the lawsuit:CLICK HERE to learn more about the lawsuit.Investors who purchased or acquired WEBTOON securities during the Class Period may, no later than NOVEMBER 4, 2024, seek to be appointed as a lead plaintiff representative of the class. According to the complaint, the registration statement for WEBTOON's June 2024 IPO misled investors regarding the fact that: (1) WEBTOON had experienced a deceleration in advertising revenue growth; (2) WEBTOON had experienced a deceleration in IP adaptations revenue; and (3) WEBTOON had experienced exposure to weaker foreign currencies, which offset revenue growth.Investors learned the true state of WEBTOON's operations on August 8, 2024, when the Company announced its financial results for second quarter 2024. Among other things, WEBTOON reported revenue growth of only 0.1%, and further revealed that advertising revenue had declined 3.6%, IP adaptations revenue had declined 3.7%, and the Company's quarterly net loss was $76.6 million. WEBTOON also disclosed that revenue growth had been "offset by the Company's significant exposure to weaker foreign currencies." On this news, WEBTOON's stock fell by $7.88 per share, more than 38%, to close at $12.75 per share on August 9, 2024. By the commencement of the class action lawsuit, WEBTOON stock had traded as low as $12.03 per share, a more than 42% decline from the $21.00 per share IPO price.For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected] or (215) 875-3048, or CLICK HERE. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.Contacts:Andrew Abramowitz, Senior CounselBerger Montague(215) [email protected] Peter HamnerBerger Montague PC(215) [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223606 SOURCE: Berger Montague Learn more about Bill C-18 and how it will affect Canadian users when viewing news online.

NEW YORK, NY / ACCESSWIRE / September 17, 2024 / If you suffered a loss on your WEBTOON Entertainment Inc. (NASDAQ:WBTN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/webtoon-entertainment-inc-lawsuit-submission-form?prid=103259&wire=1 or contact Joseph E. Levi, Esq.

NEW YORK, NY / ACCESSWIRE / September 17, 2024 / If you suffered a loss on your WEBTOON Entertainment Inc. (NASDAQ:WBTN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/webtoon-entertainment-inc-lawsuit-submission-form?prid=103214&wire=1 or contact Joseph E. Levi, Esq.