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

Important Update for Fortrea Holdings Inc. Shareholders

The Gross Law Firm is reminding shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE) of a crucial deadline related to an ongoing class action lawsuit. This notice serves to inform shareholders about the timeline for registering as lead plaintiffs in this legal matter, with a specific deadline set for August 1, 2025.

Context of the Lawsuit

The legal proceedings stem from allegations made against Fortrea regarding misleading statements and the failure to disclose critical financial projections during a specified class period from July 3, 2023, to February 28, 2025. It has been claimed that:

1. Fortrea overestimated potential revenue contributions from long-term projects, known as Pre-Spin Projects, that were expected to enhance the company’s earnings in 2025.
2. The company supposedly overstated anticipated cost savings from terminating certain transition service agreements.
3. Fortrea’s previously announced earnings before interest, taxes, depreciation, and amortization (EBITDA) targets for 2025 were inflated due to these miscalculations.
4. Such misrepresentations cast doubt on the viability of the company’s business model post-spin-off, leading to further inflated public expectations and misleading investor communication.

These allegations have raised serious concerns regarding the financial stability and honest representation by the company to its shareholders.

Registration Process for Shareholders

Shareholders who acquired shares of FTRE during the defined period are encouraged to connect with The Gross Law Firm as soon as possible to explore the option of being appointed as lead plaintiffs. Importantly, an appointment as lead plaintiff is not a prerequisite for recovering any financial losses incurred as a result of the alleged misconduct.

Potential lead plaintiffs will benefit from enrolling in a portfolio monitoring system that promises to keep them updated on the case status and developments throughout the litigation process. To avoid missing the deadline, interested shareholders should act swiftly to ensure their registration by visiting this link.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationally as a leader in class action litigation aimed specifically at protecting investor rights. With a commitment to uphold corporate accountability and transparency, the firm champions causes where shareholders have lost out due to deceitful practices or false disclosures. The legal team is prepared to fight for the rights of those adversely affected by the actions of Fortrea Holdings Inc.

For further inquiries, shareholders may reach out to:

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

As the road ahead involves navigating complex legal waters, it’s crucial for involved shareholders to stay informed and engaged. By taking action now, they are not only safeguarding their future investments but also contributing to broader accountability in corporate governance. Be sure to register before the August 1, 2025 deadline to safeguard your rights as a shareholder of Fortrea Holdings Inc.