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WLY.US
id: 977, Created by , Scout

John Wiley & Sons (WLY) Compromised Articles Case

  • In June 2023, Wiley revealed a 6% revenue decrease after the suspension of the publishing program with subpar material.
  • On it, $WLY fell 11.4%, losing $191+ of shareholder value.
  • Investors may suspect that Wiley was hiding inadequate quality control of its publications.
On June 15, 2023, Wiley released its Q4 and fiscal year 2023 financial results, revealing that its Q4 revenue decreased 6%.
  • This was due in part to the temporary suspension of Hindawi’s publishing program, where
  • the Company identified as many as 1,700 articles with compromised and manipulated peer reviews and fabricated content.
On this news, $WLY fell 11.4% and lost over $191 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Wiley and its executives failed to timely disclose the Company’s quality control setbacks, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
15 June 2023
Collecting participants…

John Wiley & Sons

John Wiley & Sons, Inc. operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical...

    Ticker
    WLY.US
    ISIN
    US9682232064
    CIK
    0000107140
    Sector
    Communication Services
    Industry
    Publishing
    Country
    USA
    Address
    111 River Street, Hoboken, NJ, United States, 07030-5774