On October 30, 2025, Plaintiffs submitted to the Court their Unopposed Motion for Class Distribution Order. That same day, the Court issued the Class Distribution Order.
The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear ( “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.
Notice of Pendency of Stockholder Class Action: Please be advised that your rights will be affected by the stockholder class action entitled In re: Warner Bros. Discovery, Inc. Stockholders Litigation, Case No. 2022-1114-JTL (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a record or beneficial owner of Discovery common stock as of the closing of the merger with AT&T WarnerMedia Business on April 8, 2022 whose Discovery common stock was reclassified and converted into shares of WBD common stock upon the Closing.
Notice of Settlement: Please also be advised that (i) plaintiffs Bricklayers Pension Fund of Western Pennsylvania, City Pension Fund for Firefighters & Police Pension Officers in the City of Pembroke Pines, Key West Police and Firefighters’ Pension Fund, and Steve Silverman (collectively, “Plaintiffs”), on behalf of themselves and all other members of the Court-certified Class (defined below); and (ii) defendants Advance/Newhouse Partnership, Advance/Newhouse Programming Partnership, Robert Miron, Steven Miron, and Susan Swain (collectively, “Defendants”) (Plaintiffs and Defendants, together, the “Parties”) have reached a proposed settlement of the Action for $125,000,000 (One Hundred, Twenty-Five Million United States Dollars) in cash (the “Settlement”). The proposed Settlement, if approved by the Court, will resolve all claims in the Action.
If you are a member of the Class, you are subject to the Settlement. The Class certified by the Court consists of:
All record holders and beneficial owners of Discovery common stock as of the closing of the merger with AT&T’s WarnerMedia Business on April 8, 2022 whose Discovery common stock was reclassified and converted into shares of WBD common stock upon Closing, including, as necessary for relief, the legal representatives, heirs, and assignees of all such foregoing holders and beneficial owners of Discovery common stock (the “Class”).
Certain persons and entities are excluded from the Class by definition, as set forth in the Notice.
PLEASE READ THE NOTICE CAREFULLY. IF YOU ARE A CLASS MEMBER, YOUR RIGHTS WILL BE AFFECTED BY THE ACTION AND THE SETTLEMENT.
If you have questions, you may call the WBD Stockholders Litigation Help Line at 877-236-1413 or email info@WBDStockholdersLitigation.com
| Description | Due Date | |
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Receive a payment from the settlement. Class Members DO NOT need to submit a claim form. |
If you are a member of the Class, you may be eligible to receive a pro rata distribution from the Settlement proceeds. Eligible Class Members do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court. If you are eligible for a distribution from the Settlement, it will be paid to you directly. See paragraphs 38-48 in the Notice for further discussion. |