Investors are calling foul over Warner Bros. Discovery's loss of its NBA media rights deal. A lawsuit filed this week in New York federal court alleges that shareholders suffered "significant losses and damages” over the company's inability to hold onto its NBA contract,

A shareholder has sued Warner Bros Discovery, the soon-to-be former home of the NBA, for violating securities law by misleading investors on the impact of losing its long-standing rights deal with the league. Richard Collura filed the suit in New York ...

Warner Bros. Discovery and CEO David Zaslav were sued Monday by investors who experienced "significant losses and damages" caused by fallout from the studio's rights negotiations with the National Basketball Association.

Warner Bros. Discovery Inc. and top executives violated federal securities law by failing to disclose to investors the risks accompanying rights renewal negotiations with third-parties, including the NBA,

Warner Bros. Discovery reaching a deal with the NBA that includes some international rights and licensing of "Inside the NBA" could be a win.

Warner Bros Discovery said on Monday it would have access to coveted National Basketball Association content for 11 more years under a legal settlement with the league, sending shares of the media company more than 5% higher.

The lawsuit points to the company recording a $9.1 billion goodwill impairment charge related to the depreciation of its TV networks.