1. Fortrea shareholders may join a class action lawsuit for misleading statements. 2. Allegations include overstated revenue projections for 2025 earnings. 3. The company's 2025 EBITDA targets were claimed to be inflated. 4. Class action registration deadline is August 1, 2025. 5. The lawsuit indicates serious risks to Fortrea's financial credibility.
The allegations of misleading financial statements can severely undermine investor trust, driving the stock price down. Historical cases have shown that similar lawsuits can lead to significant price declines and long-term reputational damage.
The outlined allegations directly challenge Fortrea's business integrity and growth forecasts, impacting future performance predictions and investor behavior. Strong class action suits often lead to regulatory scrutiny, affecting long-term viability.
The ongoing nature of legal proceedings can have lasting effects on stakeholder sentiments and stock performance. Previous cases reveal that recovery from such reputational hits can take years, even if resolved favorably.
The Gross Law Firm issues the following notice to shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE).
Shareholders who purchased shares of FTRE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
July 3, 2023 to February 28, 2025
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Fortrea overestimated the amount of revenue the long-term projects in its portfolio, the Pre-Spin Projects, were likely to contribute to the Company's 2025 earnings; (ii) Fortrea overstated the cost savings it would likely achieve by exiting the transition services agreements; (iii) as a result, the Company's previously announced EBITDA targets for 2025 were inflated; (iv) accordingly, the viability of the Company's post-spin-off business model, as well as its business and/or financial prospects, were overstated; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
August 1, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fortrea-holdings-inc-loss-submission-form/?id=152955&from=4
Once you register as a shareholder who purchased shares of FTRE during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 1, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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The Gross Law Firm