BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith continues its investigation on behalf of John Wiley & Sons, Inc. (“Wiley” or the “Company”) (NYSE: WLY) investors concerning the Company’s possible violations of federal securities laws.
On June 15, 2023, Wiley released its fourth quarter and fiscal year 2023 financial results, revealing that its fourth quarter revenue decrease 6%. The shortfall was due in part to the temporary suspension of Hindawi’s special issues publishing program after the Company identified as many as 1,700 articles with compromised and manipulated peer reviews and fabricated content.
On this news, Wiley’s stock price fell $4.17, or 11.4%, to close at $32.45 per share on June 15, 2023, thereby injuring investors.
Then, on October 10, 2023, Wiley announced that its CEO and President, Brian Napack, would be departing the Company, effective immediately. On this news, Wiley’s stock price fell $3.68, or 9.9%, to close at $30.95 per share on October 10, 2023, thereby injuring investors further.
If you purchased Wiley securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
