Warner Bros. Breach of Fiduciary Duties Investigation

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Practice Area: Securities Fraud & Investor Protection

Case Status: Pending

Ticker Symbol: NASDAQ: WBD

Berger Montague PC advises shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD) regarding an investigation into Warner Bros.’ Board of Directors for potential breaches of fiduciary duties to the Company and its shareholders, and other violations of state law, in connection with the proposed sale of the Company or certain parts of the Company.

Shareholders of WARNER BROS. may learn more about this investigation by contacting Berger Montague: Radha Raghavan at rraghavan@bergermontague.com or (215) 875-4698, or Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015.

Warner Bros., headquartered in New York City, is a multinational mass-media and entertainment conglomerate, operating in film and TV studios, streaming services, and cable/linear networks.

Berger Montague is investigating whether the Board breached its fiduciary duties and engaged in other unlawful activities in overseeing the Company’s sales process. This investigation is focused on, among other things, whether the Board failed to maximize shareholder value by fully and fairly evaluating proposals to acquire the Company or certain businesses within the Company.