Shareholders of Fortrea Holdings Inc. Urged to Join Class Action by Gross Law Firm

The Gross Law Firm is reaching out to shareholders of Fortrea Holdings Inc. regarding an important class action lawsuit. Fortrea Holdings Inc. is trading under the NASDAQ symbol FTRE. This initiative comes in light of serious allegations concerning misleading information related to the company's financial projections.

Deadline for Action
Shareholders must take heed of the deadline set for August 1, 2025, which is the last day to register as a lead plaintiff in this case. Notably, while being a lead plaintiff is beneficial, it is not obligatory for shareholders to join the lawsuit or recover their losses. Regardless of your position, your participation is crucial if you purchased shares within the defined period from July 3, 2023, to February 28, 2025.

Allegations Against Fortrea Holdings
The complaint brought forward alleges that the company provided materially false and/or misleading statements. The issues highlighted by shareholders include:
1. Revenue Overestimation: Allegations claim that Fortrea overestimated the potential revenue from its long-term projects, known as the Pre-Spin Projects, which were expected to significantly contribute to the 2025 earnings.
2. Inflated Cost Savings: The firm allegedly overstated the cost savings anticipated from ending various transition service agreements.
3. Misrepresented EBITDA Targets: As a consequence of the above issues, the company's EBITDA forecasts for 2025 were claimed to be inflated.
4. Exaggerated Business Viability: The financial prospects and the overall viability of its business model post-spin-off have also been called into question, suggesting that they were exaggerated relative to reality.
5. False Public Statements: Overall, the statement made by the company during this period has been described as misleading, which raises concerns among investors.

Next Steps for Shareholders
To take action, shareholders are encouraged to register as part of the class action. Registration will grant access to a portfolio monitoring software that keeps stakeholders updated on the case's progress. The law firm has committed to transparency and will ensure to inform all registered individuals throughout the legal proceedings. The process of registration is straightforward and does not impose any costs or obligations on the participants.

Why Choose The Gross Law Firm?
The Gross Law Firm is recognized nationally for its commitment to protecting the rights of investors. Their dedicated approach aims to hold companies accountable for dishonest behavior while promoting ethical business practices. This firm is devoted to assisting investors who have suffered financially as a result of fraudulent activities or misleading claims.

For shareholders looking to join the class action lawsuit against Fortrea Holdings Inc., further information can be accessed via their website or by directly contacting the firm. Interested parties can navigate to the dedicated link provided for loss submissions and further inquiries.

Contact Information
The Gross Law Firm, located at 15 West 38th Street, 12th Floor, New York, NY 10018, can be reached via email at info@grosslawfirm.com or by phone at (646) 453-8903.

In summary, shareholders who feel aggrieved by Fortrea's misleading representations are encouraged to act promptly, as the upcoming deadline offers a pathway towards potential recovery of losses sustained during the implicated period.

Topics Financial Services & Investing)

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