1. A class action lawsuit has been filed against Fortrea Holdings Inc. 2. Claims include allegations of securities fraud affecting earnings projections. 3. The lawsuit seeks recovery for losses between July 2023 and February 2025. 4. False statements regarding revenue and cost savings may impact investor trust. 5. Investors can join the lawsuit without any upfront costs.
The allegations of fraud, if substantiated, could severely tarnish FTRE's reputation and market confidence. Historical examples, like Enron, show that similar lawsuits can lead to significant stock price declines following revelations.
The lawsuit's focus on alleged securities fraud indicates a significant legal risk that could materially impact FTRE's stock price.
The ongoing litigation and its potential outcomes could affect FTRE's market standing and investor sentiment for years. Companies involved in lengthy class action suits often experience prolonged effects on their valuation.
Levi & Korsinsky, LLP notifies investors in Fortrea Holdings Inc. ("Fortrea Holdings Inc." or the "Company") (NASDAQ: FTRE) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Fortrea Holdings Inc. investors who were adversely affected by alleged securities fraud between July 3, 2023 and February 28, 2025. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/fortrea-holdings-inc-lawsuit-submission-form?prid=152226&wire=4
FTRE investors may also contact Joseph E. Levi, Esq. via email at email@protected or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed 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.
If you suffered a loss in Fortrea Holdings Inc. during the relevant time frame, you have until August 1, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
email@protected
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com