#USA #New York #Class Action #Gross Law Firm #Fortrea Holdings

The Gross Law Firm Alerts Fortrea Holdings Inc. Shareholders

In a recent announcement, The Gross Law Firm has reached out to shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE), regarding a significant class action lawsuit that affects those who purchased shares during a specific period. This notice is crucial for shareholders who may seek to participate and recover potential losses incurred as a result of misleading statements made by the company during the affected period.

Background of the Lawsuit

The class action lawsuit is primarily driven by allegations that Fortrea engaged in deceptive practices, impacting shareholder investments. According to the complaint, it is claimed that the company provided materially false or misleading information between July 3, 2023, and February 28, 2025. Key allegations include:
1. Overestimation of Revenue: Fortrea is accused of overestimating the expected revenue from its long-term projects, referred to as the Pre-Spin Projects, which were supposed to enhance earnings in 2025.
2. Overstated Cost Savings: The complaint alleges that the company overstated the cost savings that would be achieved by leaving various transition services agreements.
3. Inflated EBITDA Targets: As a result of the above factors, the company's EBITDA targets for 2025 were deemed inflated, which misrepresented its financial health and prospects.
4. Misleading Public Statements: The combined effect of these actions led to public statements by Fortrea that were materially false and misleading at all relevant times.

Upcoming Deadline for Shareholders

The Gross Law Firm is advising affected shareholders to act promptly as the deadline for registering for participation in the class action is fast approaching, with August 1, 2025, being the last day for interested parties to register. This registration does not require shareholders to take on any additional obligations beyond being part of the monitoring process regarding the case’s developments.

Next Steps for Affected Shareholders

To effectively participate, shareholders who acquired FTRE shares during the specified class period should register their information through the law firm's provided platform. Upon registration, they will receive updates throughout the case's progress via a portfolio monitoring service that ensures they are informed of any important developments relevant to their claims.

Why Work with The Gross Law Firm?

The Gross Law Firm is well-regarded nationally for advocating on behalf of investors who may have suffered losses due to fraudulent company actions, affirming their commitment to uphold transparent business practices. The firm emphasizes the importance of corporate responsibility and aims to secure recovery for investors impacted by misleading corporate behaviors.

In light of these developments, shareholders of Fortrea Holdings Inc. are encouraged to review their holdings and act swiftly to ensure they are not left out of this opportunity to protect their investments. Interested parties can find more information and register for the class action through The Gross Law Firm’s dedicated webpage. For any inquiries, stakeholders can directly contact the firm at the phone number provided.

Remember, participating in this class action may lead to a path toward recovery for any losses suffered, so consider taking timely action to protect your rights as a shareholder.