Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Stagwell Inc. (STGW)

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Stagwell, Inc. (“Stagwell” or the “Company”) (NASDAQ:STGW). The investigation concerns whether Stagwell and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

[Click here to learn more about the investigation]

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 accordingly revised its 2022 financial statements, increasing tax expenses by approximately $18 million. On this news, the price of Stagwell shares declined by $5.22 per share, or approximately 53.7%, from $9.72 per share on February 26, 2024 to close at $4.50 on February 27, 2024.

If you purchased or otherwise acquired Stagwell securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at [e-mail], or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

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