NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:

• Stagwell, Inc. (“Stagwell” or the “Company”) (NASDAQ:STGW)
  

Shareholders should email: [email protected]

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.

Whistleblowers:  If you have information that could be relevant to the investigation, you may be entitled to substantial compensation. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

ABOUT MOORE LAW PLLC

Moore Law is a NYC litigation law firm for investors. We hold officers and directors accountable for breaches of fiduciary duty, fraud, insider trading, wasteful spending, and other corporate malfeasance. We strengthen corporate reforms to protect your investments.

Fletcher Moore, Esq.
Moore Law, PLLC
[email protected]
(212) 709-8245
www.fmoorelaw.com