The loss of the domestic basketball rights contributed to WBD having to accept a $9.1 billion goodwill impairment charge.

A shareholder sued Warner Bros. Discovery for misleading investors on the impact of losing its long-standing rights deal with the NBA.

The suit filed Monday is on behalf of all shareholders who acquired WBD securities between Feb. 23 and Aug. 7.

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,

Plaintiffs in the suit say the company intentionally misled them about the harm that the departure of the NBA would have. There’s not much time left to watch the NBA on TNT or Max — relatively speaking,

Warner Bros. Discovery is finding itself in the kind of mess you wouldn’t wish on your worst enemy — unless, of course, you’re one of their shareholders.

A shareholder says WBD executives weren't fully forthcoming on the risk of losing NBA television rights to Comcast and Amazon. This article, Shareholder sues WBD over lapsed NBA television deal, was first published at The Desk.