#United States #New York #Gross Law Firm #Fortrea Holdings #FTRE

Fortrea Holdings Inc. Shareholders Class Action Alert

The Gross Law Firm has recently communicated a crucial notice to shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE). Shareholders who acquired shares during a specified class period are welcomed to reach out to the firm concerning potential lead plaintiff appointments.

Important Deadlines

Class Period: July 3, 2023 - February 28, 2025
Lead Plaintiff Deadline: August 1, 2025

This warning serves as a reminder for shareholders not to postpone their registration for this class action. Early registration ensures you're informed about important developments in this case, assisting you in safeguarding your investments.

Allegations Against Fortrea Holdings

The allegations presented in the lawsuit emanate from claims that throughout the class period, the defendants made materially false and misleading statements or failed to disclose critical information regarding Fortrea's business operations. Specific claims include:

• - Overestimated Revenues: Fortrea allegedly overestimated the potential revenue from several long-term projects, known as the Pre-Spin Projects, which were expected to contribute significantly to the company's earnings in 2025.
• - Competition with Costs: The company is accused of overstating potential cost savings tied to exiting transition services agreements, impacting its 2025 EBITDA targets, which were presumed to be inflated.
• - Misleading Financial Prospects: It is claimed that these misleading statements exaggerated the viability of Fortrea's business model post-spin-off and its overall financial prospects.
• - Public Deceit: Throughout the relevant time, the lawsuit alleges that Fortrea's public communications were inherently misleading.

Next Steps for Shareholders

Once shareholders of FTRE register, they will gain access to a monitoring system that will provide updates on the case's progress. Importantly, there are no costs associated with registering or participating in this class action lawsuit.

Why Choose Gross Law Firm?

The Gross Law Firm is a well-recognized class action law firm committed to upholding the rights of investors affected by deceit or fraudulent practices by corporations. They advocate for responsible corporate behavior while pursuing recovery for clients who’ve suffered losses due to misleading corporate communication or actions.

Contact Information:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

This notice serves as an essential call to action for investors in Fortrea Holdings. By registering promptly before the August 1 deadline, shareholders can ensure they are included in this pivotal legal proceeding designed to protect their investments and rights.