INVESTOR ALERT

Law Offices of Howard G. Smith Announces Investigation of Stagwell Inc. (STGW) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Stagwell Inc. (“Stagwell” or the “Company”) (NASDAQ: STGW) investors concerning the Company’s possible violations of federal securities laws.

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, Stagwell’s stock price fell as much as 26% during intraday trading on February 27, 2024, thereby injuring investors.

If you purchased Stagwell securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], toll-free at [phone], or by email to [e-mail], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240227298738/en/

The Stagwell Registered (A) Stock at the time of publication of the news with a fall of -24,15 % to 5,325EUR on Nasdaq stock exchange (27. Februar 2024, 21:49 Uhr).