Saxena White P.A. is pleased to announce that on January 2, 2026, the United States District Court for the Southern District of New York appointed Teamsters Local 456 Annuity Fund and Teamsters Local 456 Pension Fund (together, Local 456) as Lead Plaintiff and Saxena White P.A. as Lead Counsel in the securities class action against WPP plc (“WPP”) and certain of its officers and executives (collectively, “Defendants”).

The action alleges that Defendants misled investors about the status of WPP’s years-long “transformation,” aimed at realizing operational and strategic synergies to generate financial growth. This included efforts to simplify operations within WPP’s media arm, WPP Media, which was formerly known as “GroupM” until its rebrand in May 2025. Specifically, the action alleges that Defendants failed to disclose that: (1) WPP did not have a coherent strategy to execute the simplification and transformation of WPP, especially WPP Media; (2) WPP’s strategy to transform and simplify WPP Media led to significant internal disruptions; and (3) such internal disruptions rendered WPP unable to effectively generate new business and resulted in an exodus of large clients. These misrepresentations caused investors to purchase WPP securities at artificially inflated prices, resulting in losses when the truth emerged.