Fortrea Holdings Faces Class Action as Shareholders Take Action Against Misleading Practices

Class Action Filed Against Fortrea Holdings Inc.

In a significant development affecting investors, shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE) are being advised of a class action lawsuit initiated by The Gross Law Firm. This notice serves to inform those who purchased shares during the defined class period, which spans from July 3, 2023, to February 28, 2025. The purpose is to collect interested parties who may wish to join the suit as lead plaintiffs.

Why This Matters

The allegations against Fortrea Holdings are serious. The lawsuit claims that the company issued materially false and misleading statements to investors, significantly overstating both revenue expectations and cost savings. Specifically, it is alleged that:

1. Fortrea overestimated the revenue potential from long-term projects included in its portfolio, referred to as Pre-Spin Projects, impacting expected earnings for 2025.
2. The cost savings that Fortrea anticipated from exiting certain transition services agreements were likewise inflated.
3. Consequently, these miscalculations led to an unrealistic projection of EBITDA targets for 2025, undermining the company's business viability and financial outlook.
4. The information provided to the shareholders was false and misleading during the entire duration of these statements.

These allegations, if proved true, could result in substantial financial ramifications for both Fortrea Holdings and its investors, as they revolve around fundamental aspects of business transparency and ethical responsibility.

Important Deadlines for Investors

The deadline for shareholders wishing to participate in the lawsuit is August 1, 2025. It is crucial for affected parties to register their information promptly to ensure inclusion in the potential recovery effort. Importantly, shareholders do not need to achieve lead plaintiff status to partake in any damages awarded due to this case.

Upon registering for the class action, participants will receive updates via a portfolio monitoring service, keeping them informed on the case's progress and developments.

The Role of The Gross Law Firm

The Gross Law Firm is recognized nationally for its advocacy in class action lawsuits, focusing on safeguarding investor rights against corporate misconduct. Their commitment centers on ensuring that companies behave ethically and transparently, allowing investors to make informed decisions free from deception. They seek to recover losses incurred by investors who have suffered due to misleading information or fraudulent practices by companies like Fortrea Holdings.

The firm emphasizes that participating in this lawsuit carries no costs or obligations for the shareholders, making it a risk-free opportunity for those impacted.

Next Steps

If you purchased shares of Fortrea Holdings within the stipulated class period and believe you may have incurred losses, it is advisable to reach out to The Gross Law Firm. Registration can be completed through their dedicated class action submission form. A proactive stance now could safeguard your investment as the legal proceedings unfold.

The Gross Law Firm's office is located at 15 West 38th Street, 12th Floor, New York, NY 10018, and investors can contact them via email at [email protected] or by phone at (646) 453-8903 to discuss their rights and options concerning this lawsuit.

This case highlights the importance of diligence on the part of investors to ensure their companies uphold ethical business practices. Keeping well-informed and exercised rights in the investment landscape can protect against future losses and foster a marketplace that is fair and transparent for all participants.