WBTN investors have the opportunity to lead WEBTOON Entertainment Inc.’s securities lawsuit

NEW YORK, Oct 1, 2024 /PRNewswire/ —

Why: The Rosen Law Firm, a global investor rights law firm, reminds buyers that WEBTOON Entertainment Inc. (NASDAQ: WBTN) common stock was made pursuant to and/or traceable to the Company’s initial public offering in 2019 June 2024 (the “IPO”) of the important November 4, 2024 Lead Plaintiff Deadline.

Now What: If you purchased WEBTOON common stock, you may be entitled to compensation without payment of any out of pocket fees or costs under a contingency fee arrangement.

What to do next: To join the WEBTOON class action, go to Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than this November 4, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified advisors who have a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually litigate securities class actions, but are simply middlemen who refer clients or work with law firms that actually litigate the cases. Be smart when choosing your advisor. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest settlement ever in a securities class action lawsuit against a Chinese company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. Founding partner in 2020 Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the Case: The complaint alleges that the registration statement made materially false and/or misleading statements and/or failed to disclose WEBTOON’s business, operations and prospects. Specifically, defendants failed to disclose to investors that: (1) WEBTOON was experiencing a slowdown in advertising revenue growth; (2) WEBTOON experienced a slowdown in revenue from intellectual property (“IP”) adaptations; (3) WEBTOON was exposed to weaker foreign currencies, which offset revenue growth; (4) As a result of the foregoing, Defendants’ positive statements about WEBTOON’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details came to light, the lawsuit says investors suffered harm.

To join the WEBTOON class action lawsuit, go to or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] for information about the class action lawsuit.

No class has been certified. Until a course is certified, you will not be represented by legal counsel unless you hire one. You can choose a lawyer of your choice. You can also remain an absent course participant at this point and do nothing. An investor’s ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

SOURCE: THE ROSEN LAW FIRM, PA

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