The Law Offices of Frank R. Cruz Announces Investigation of Stagwell Inc. (STGW) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of Stagwell Inc. (STGW) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Stagwell Inc. (“Stagwell” or the “Company”) (NASDAQ: STGW) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On February 27, 2024, Stagwell disclosed that it had identified “errors in the areas of income taxes as well as accumulated other comprehensive loss in its previously filed 2022 annual consolidated financial statements,” and, as a result, revised its 2022 financial statements, increasing tax expenses by approximately $18 million.
On this news, Stagwell’s stock price fell as much as 26% during intraday trading on February 27, 2024, thereby injuring investors.
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If you purchased Stagwell 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
