Last Chance to Join Class Action Against Fortrea Holdings; Deadline Approaches
On June 6, 2025, Levi & Korsinsky, LLP announced a significant opportunity for investors in Fortrea Holdings Inc. (NASDAQ: FTRE) to participate in a class action lawsuit aimed at recovering financial losses due to alleged securities fraud. Investors who held shares in Fortrea between July 3, 2023, and February 28, 2025, are encouraged to act swiftly, as the deadline to join this action is set for August 1, 2025.
The class action seeks to represent investors who may have suffered losses from Fortrea Holdings’ misrepresentations regarding its financial health. The lawsuit claims that the company significantly overstated its expected income from various long-term projects, labeled as Pre-Spin Projects, which led to an inflated perception of the company’s earnings for 2025.
The allegations include:
1. Revenue Overestimation: Fortrea allegedly overestimated the contribution these projects would make to their financial results, directly affecting earnings projections.
2. Cost Savings Discrepancy: The company reportedly overstated the savings it would realize by terminating certain transitional service agreements—claims which were not substantiated.
3. Inflated EBITDA Targets: Due to the above miscalculations, Fortrea's previously disclosed EBITDA estimates for 2025 were inflated, misguiding investors and stakeholders.
4. Misrepresentation of Viability: The overall sustainability and profitability of Fortrea’s business following its spin-off were likely overstated based on incorrect financial forecasting.
If you believe you were impacted by Fortrea’s actions during the specified timeframe, it is crucial to reach out before the deadline. Investors can join the lawsuit without incurring any costs, as participation will not involve out-of-pocket expenses or legal fees. Levi & Korsinsky’s team, known for its extensive experience and successful track record in securities litigation, offers guidance to potential class members.
Investors seeking to learn more or initiate their claim can visit the law firm’s dedicated lawsuit submission form or contact Joseph E. Levi, Esq. directly at jlevi@zlk.com or by phone at (212) 363-7500. These actions will ensure that those affected can pursue justice and potentially recover some of their losses.
The ramifications of missing the August 1, 2025, deadline can be significant. Notable is that even if you do not wish to be appointed as the lead plaintiff, you may still recover damages from the lawsuit. Historically, class action lawsuits often secure substantial settlements on behalf of affected shareholders, and the proactive approach taken now can safeguard investor rights in the future.
Levi & Korsinsky, with two decades of expertise in securities litigation, has successfully recovered hundreds of millions of dollars for shareholders and is consistently recognized as one of the top firms in this domain. They have a robust team dedicated to ensuring that investors are well-represented in complex legal battles, particularly in cases involving alleged financial misconduct.
The upcoming deadline of August 1, 2025, poses a critical juncture for Fortrea Holdings’ investors. Engaging with expert legal representation can not only lead to potential recovery of losses but also contribute to holding corporations accountable for financial integrity. If you were impacted by Fortrea's purported misstatements, now is the time to make your move and participate in the collective effort for justice.
For those keen on remaining informed throughout this process, follow updates from Levi & Korsinsky regarding the lawsuit's progress and any additional relevant information for shareholders.
Understanding the Class Action
The class action seeks to represent investors who may have suffered losses from Fortrea Holdings’ misrepresentations regarding its financial health. The lawsuit claims that the company significantly overstated its expected income from various long-term projects, labeled as Pre-Spin Projects, which led to an inflated perception of the company’s earnings for 2025.
The allegations include:
1. Revenue Overestimation: Fortrea allegedly overestimated the contribution these projects would make to their financial results, directly affecting earnings projections.
2. Cost Savings Discrepancy: The company reportedly overstated the savings it would realize by terminating certain transitional service agreements—claims which were not substantiated.
3. Inflated EBITDA Targets: Due to the above miscalculations, Fortrea's previously disclosed EBITDA estimates for 2025 were inflated, misguiding investors and stakeholders.
4. Misrepresentation of Viability: The overall sustainability and profitability of Fortrea’s business following its spin-off were likely overstated based on incorrect financial forecasting.
Steps for Affected Investors
If you believe you were impacted by Fortrea’s actions during the specified timeframe, it is crucial to reach out before the deadline. Investors can join the lawsuit without incurring any costs, as participation will not involve out-of-pocket expenses or legal fees. Levi & Korsinsky’s team, known for its extensive experience and successful track record in securities litigation, offers guidance to potential class members.
Investors seeking to learn more or initiate their claim can visit the law firm’s dedicated lawsuit submission form or contact Joseph E. Levi, Esq. directly at jlevi@zlk.com or by phone at (212) 363-7500. These actions will ensure that those affected can pursue justice and potentially recover some of their losses.
Why You Should Act Now
The ramifications of missing the August 1, 2025, deadline can be significant. Notable is that even if you do not wish to be appointed as the lead plaintiff, you may still recover damages from the lawsuit. Historically, class action lawsuits often secure substantial settlements on behalf of affected shareholders, and the proactive approach taken now can safeguard investor rights in the future.
Levi & Korsinsky, with two decades of expertise in securities litigation, has successfully recovered hundreds of millions of dollars for shareholders and is consistently recognized as one of the top firms in this domain. They have a robust team dedicated to ensuring that investors are well-represented in complex legal battles, particularly in cases involving alleged financial misconduct.
Conclusion
The upcoming deadline of August 1, 2025, poses a critical juncture for Fortrea Holdings’ investors. Engaging with expert legal representation can not only lead to potential recovery of losses but also contribute to holding corporations accountable for financial integrity. If you were impacted by Fortrea's purported misstatements, now is the time to make your move and participate in the collective effort for justice.
For those keen on remaining informed throughout this process, follow updates from Levi & Korsinsky regarding the lawsuit's progress and any additional relevant information for shareholders.
Topics Financial Services & Investing）
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