Court Appoints G&E Lead Counsel in Warner-Discovery Securities Class Action
G&E was appointed lead counsel in the federal securities class action concerning the $43 billion merger of media giants Warner Bros. and Discovery Inc. Investors are accusing Discovery of keeping information from them about the struggling financial performance of streaming service HBO Max prior to the merger, and contend that WarnerMedia overstated the number of HBO Max subscribers by at least 10 million.