Stagwell, Inc. (NASDAQ: STGW)

This investigation is for anyone who acquired securities in Stagwell, Inc. (NASDAQ: STGW) prior to February 27, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had proper financial controls in place but then by filing an erroneous tax return.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Stagwell, Inc. (NASDAQ: STGW) prior to February 27, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.