Aug. 18 at 1:24 PM
The Court Finally Approved the
$10.05M Settlement Between Webtoon (
$WBTN) and Its Investors over Revenue Growth Claims
The case centered on claims that Webtoon gave investors a misleading picture of its financial health and revenue growth. In August 2024, the company reported weak revenue growth, a
$76.6M loss, and declines in advertising and IP revenue.
$WBTN then dropped 38.2%.
So if you purchased
$WBTN in 2024, you may be eligible to submit a claim: https://11th.com/cases/webtoon-investor-settlement