Warner deceived investors and was brought to court: suspected of falsely reporting the number of streaming media users
An Illinois police pension fund is suing Warner Bros. Discovery, alleging that Warner Bros. defrauded investors by misrepresenting the number of HBO Max subscribers during its merger with Discovery, according to media sources. The Foundation, a shareholder of Illinois-based Warner Bros. Discovery, had reportedly accepted shares of WBD (Warner Bros. Discovery) in exchange for Class […]
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