WBTN Investors Have Opportunity to Lead WEBTOON Entertainment Inc. Securities Fraud Lawsuit | PR Newswire [Video]

, /PRNewswire/ — Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against WEBTOON Entertainment Inc. (“Webtoon” or the “Company”) (NASDAQ: WBTN).

Class Period: June 2024 IPO

Lead Plaintiff Deadline: November 4, 2024

Investors suffering losses on their Webtoon investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 215-638-4847 or by email to [email protected].

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that the Company experienced a deceleration in advertising revenue growth; (2) that the Company experienced a deceleration in IP adaptations revenue; (3) that the Company experienced exposure to weaker foreign currencies which offset revenue growth; (4) that, 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.

To …