Investors Encouraged to Join Fortrea Holdings Inc. Securities Fraud Case with Schall Law Firm
The Schall Law Firm, a prominent firm focusing on shareholder rights, has issued a reminder to investors regarding a class-action lawsuit against Fortrea Holdings Inc. This case centers around allegations of securities fraud that occurred between July 3, 2023, and February 28, 2025. The firm's message is clear: if you purchased securities during this period, it is imperative to act before the deadline of August 1, 2025.
What Is the Allegation?
According to the complaint filed, Fortrea Holdings Inc. is accused of making false representations to the market that misled their investors. It outlined issues such as the overestimation of potential revenue contributions from previous projects leading up to its spinoff from Labcorp Holdings Inc. Furthermore, the company allegedly exaggerated the cost savings it would gain from exiting transition services agreements, contributing to inflated EBITDA targets. These misleading statements ultimately resulted in a misrepresentation of the business’s viability and financial prospects.
When the truth was finally revealed, it led to significant losses for investors, prompting the current class action. Therefore, the Schall Law Firm is urging stakeholders who have suffered financial detriment to come forward and join the legal fight against Fortrea Holdings Inc.
How to Get Involved
Investors looking to recover their losses are encouraged to reach out to the Schall Law Firm. Interested parties can contact Brian Schall directly at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or call 310-301-3335. Furthermore, inquiries can be made through the firm’s website at
www.schallfirm.com or via email at
[email protected].
It is important to note that the class action has not yet been certified, meaning that those who do not take action may remain unrepresented and classified as absent class members. The Schall Law Firm specializes in securities class action lawsuits, utilizing its expertise to advocate on behalf of investors from around the globe.
Importance of Protecting Your Rights
The opportunity to participate in this lawsuit comes at a critical time for Fortrea investors who made purchases during the aforementioned class period. The allegations described in the complaint can be seen as a serious violation of the Securities Exchange Act of 1934, specifically sections 10(b) and 20(a) and the corresponding Rule 10b-5, which is enforced by the U.S. Securities and Exchange Commission. These regulations are designed to maintain integrity within the financial markets and protect investors' interests.
As the market reacts to disclosures and statements put forth by Fortrea, it is likely that its stock performance could continue to fluctuate dramatically, impacting all shareholders. Being proactive is essential when dealing with securities fraud, as timely legal counsel can make a significant difference in the outcome.
By joining forces, shareholders can have a stronger voice against alleged fraudulent activities and might increase the chance of recovering lost investments through collective legal action.
Conclusion
If you are among the investors impacted by the misleading claims of Fortrea Holdings Inc., now is the time to act. With the backing of the Schall Law Firm, investors can navigate through the complexities of securities fraud allegations, ensuring their rights are protected and advocating for potential recovery of losses. Don’t miss the opportunity to make your voice heard in this ongoing legal matter. Reach out to the Schall Law Firm today to explore how best to proceed in reclaiming your rights as a shareholder in Fortrea Holdings Inc.