#United States #New York #Class Action #The Gross Law Firm #Fortrea Holdings

Investors of Fortrea Holdings Inc. Urged to Join Class Action

The Gross Law Firm has issued an urgent notice for shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE), particularly those who experienced financial losses from their investments. A class action lawsuit is currently being organized, and shareholders are encouraged to partake in this opportunity to seek compensation for their losses.

Overview of the Class Action

The class action covers shareholders who purchased shares during a specified period, from July 3, 2023, to February 28, 2025. The allegations state that, during this time, Fortrea Holdings Inc. made numerous materially false and misleading statements and failed to disclose critical information regarding its financial status and business model. As a consequence of these actions, the company's public representations were deemed inaccurate.

The allegations include several key points:
1. Revenue Overestimation: Fortrea allegedly overestimated the expected revenue contributions from its long-term projects, known as Pre-Spin Projects, to its 2025 earnings.
2. Cost Savings Misrepresentation: The company is accused of overstating the cost savings anticipated from exiting transition services agreements, which fundamentally distorted its financial projections.
3. Inflated EBITDA Targets: As a result of the company's misleading statements, the previously announced EBITDA targets for 2025 were inflated.
4. Misguided Financial Prospects: The viability of Fortrea's post-spin-off business model was allegedly overstated along with its overall business and financial outlook, culminating in materially false public statements.

Important Dates and Actions for Shareholders

Shareholders must act promptly, as the deadline to seek lead plaintiff status is set for August 1, 2025. This designation may provide greater influence in the case proceedings; however, it's important to note that being a lead plaintiff is not a prerequisite for participating in the recovery process.

To participate, shareholders need to register their claims on the provided link from The Gross Law Firm. Once registered, they will receive updates on the case status through a portfolio monitoring system that tracks the lifecycle of the class action.

Why Choose The Gross Law Firm?

The Gross Law Firm prides itself on being a nationally recognized class action firm committed to safeguarding investor rights. Their core mission is to combat deceitful practices and ensure corporate accountability. Investors who have suffered losses due to misleading corporate statements are urged to contact the firm for a no-cost assessment of their eligibility for the class action lawsuit.

With an established track record, The Gross Law Firm is dedicated to achieving recovery for investors pursuing justice in the aftermath of corporate misconduct.

For further details, shareholders can reach out to The Gross Law Firm directly:
Contact Information:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

In these turbulent financial waters, Fortrea Holdings Inc. investors are encouraged to stay informed and take action. Joining this class action could be a pivotal step toward recuperating financial losses incurred during the alleged mismanagement periods. Don't wait—ensure your voice is heard.