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Collinsville Police Pension Board on behalf of the Collinsville Police Pension Fund v. Discovery, Inc. et al
Case Number:
1:22-cv-08171
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Grant & Eisenhofer
- Levi & Korsinsky
- Paul Weiss
- Pomerantz LLP
- Robbins Geller
- Saxena White
- Weil Gotshal
- Wolf Popper
Companies
- Ohio Public Employees Retirement System
- State Teachers Retirement System of Ohio
- Warner Bros. Discovery Inc.
- Warner Bros. Entertainment Inc.
Sectors & Industries:
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February 05, 2024
Warner Bros. Discovery Beats Investors' $43B Tie-Up Suit
A Manhattan federal judge tossed a proposed securities class action Monday accusing Discovery of not telling investors about the flagging performance of WarnerMedia's streaming service HBO Max prior to a $43 billion merger of the two media giants, saying the plaintiff pension funds have not adequately alleged any actionable omissions.
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May 08, 2023
Pension Funds Oppose Warner Bros. Discovery Dismissal Bid
Two public pension funds in Ohio leading a securities class action accusing Discovery Inc. of not telling investors about the struggles Warner Bros. was having with streaming service HBO Max prior to a $43 billion merger of the two companies urged a New York federal judge to deny dismissal motions from the media giants, saying they have adequately pled their claims.
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April 10, 2023
Warner Bros. Discovery Wants Suit Over $43B Tie-Up Tossed
Media giants Discovery Inc. and Warner Bros. asked a New York federal judge to toss a proposed class action filed by Discovery investors accusing the company of keeping them in the dark about the flagging performance of Warner's streaming service HBO Max, arguing that the investors failed to adequately argue their securities claims and that the suit is a "classic case of pleading by hindsight."
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December 14, 2022
Grant & Eisenhofer To Lead Warner-Discovery Securities Suit
A New York federal judge has named Grant & Eisenhofer PA as lead counsel for a securities class action that accuses Discovery Inc. of not telling investors about the struggles that Warner Bros. was having with streaming service HBO Max prior to the $43 billion merger of the two media giants.
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September 26, 2022
Discovery Investor Sues Over HBO Max's Financial Struggles
The $43 billion tie-up between media giants Discovery Inc. and Warner Bros. is facing court scrutiny with a proposed class action accusing Discovery of keeping investors in the dark about the flagging performance of Warner's streaming service HBO Max.