An Illinois police pension fund is suing Warner Bros. Discovery alleges that Warner Bros. It deceived investors by misrepresenting HBO Max’s subscriber numbers during the merger with Discovery. lawsuit. according to wrapA lawsuit was filed in New York last week on behalf of the Collinsville Police Pension Board, a contributor to Warner Bros. Illinois-based Discovery, having accepted WBD shares in the trade for Class C common Discovery shares prior to the merger. More than 700 million shares of WBD were issued to Discovery’s common and preferred shareholders as part of…
Read MoreA lawsuit against Warner Bros. Discovery accused of allegedly deceiving investors and lying about HBO Max Subs
