An Illinois police pension board is taking Warner Bros. to court after allegedly “misleading” shareholders prior to the company’s merger with Discovery.
Warner Bros. and Discovery are running into more problems. After shelving Batgirl, removing 68 titles from HBO Max out of the blue, canceling series and films that highlighted underrepresented communities, and laying off staff at HBO Max, the merger has been bumpy for the company.
Unfortunately for Warner Bros. Discovery, its situation just got worse.
According to The Wrap, a lawsuit was filed last Friday in New York on behalf of the Collinsville Police Pension Board, an Illinois-based shareholder of Warner Bros. Discovery stock, which it accepted in trade for its pre-merger Class C common Discovery shares.
Author: Alyssa Miller
This article comes from No Film School and can be read on the original site.
