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LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm<\/a>, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against WEBTOON Entertainment Inc. (\u201cWebtoon\u201d or \u201cthe Company\u201d) (NASDAQ: WBTN<\/a>) for violations of the federal securities laws.<\/p>\n

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\nInvestors who purchased the Company’s securities pursuant and\/or traceable to the Company\u2019s Offering Documents in connection with its initial public offering (\u201cIPO\u201d) conducted on or about June 27, 2024, are encouraged to contact the firm before November 4, 2024.<\/p>\n

\nIf you are a shareholder who suffered a loss, click here to participate<\/a>.<\/p>\n

\nWe also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com<\/a>, or by email at bschall@schallfirm.com<\/a>.<\/p>\n

\nThe class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.<\/p>\n

\nAccording to the Complaint, the Company made false and misleading statements to the market. Webtoon reported its second quarter 2024 financials on August 8, 2024, just six weeks after its initial public offering (IPO). The Company\u2019s revenue of $321 million fell short of analysts\u2019 forecasts. Based on this shortfall, shares of Webtoon fell by 38.1% on the same day. Based on these facts, the Company\u2019s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Webtoon, investors suffered damages.<\/p>\n

\nJoin the case<\/a> to recover your losses.<\/p>\n

\nThe Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.<\/p>\n

Contacts<\/b> <\/p>\n

\nThe Schall Law Firm
\n
Brian Schall, Esq.,
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www.schallfirm.com<\/a>
Office: 310-301-3335
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info@schallfirm.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against WEBTOON Entertainment Inc. (\u201cWebtoon\u201d or \u201cthe Company\u201d) (NASDAQ: WBTN) …<\/p>\n","protected":false},"author":162,"featured_media":265504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"footnotes":""},"categories":[340],"tags":[],"class_list":["post-265503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-businesswire"],"_links":{"self":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/posts\/265503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/users\/162"}],"replies":[{"embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/comments?post=265503"}],"version-history":[{"count":0,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/posts\/265503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/media\/265504"}],"wp:attachment":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/media?parent=265503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/categories?post=265503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/tags?post=265503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}