#USA #Class Action #Los Angeles #Securities Fraud #Fortrea Holdings

Opportunity for Fortrea Holdings Investors

Fortrea Holdings Inc. (NASDAQ: FTRE) finds itself in hot water as investors who incurred losses have been given a significant opportunity. A law firm, Glancy Prongay & Murray LLP, has announced that affected investors can play a leadership role in a class action lawsuit concerning securities fraud. The lawsuit, which could have impactful implications for the company, runs from July 3, 2023, to February 28, 2025.

What Led to the Lawsuit?

The main claims in this lawsuit focus on allegations that Fortrea Holdings misled investors by providing inflated financial forecasts. Specifically, the complaint highlights several critical points:
1. Overestimated Revenue: The company is accused of exaggerating the expected revenue contributions from its Pre-Spin Projects, thereby inflating projections for 2025’s earnings.
2. Exaggerated Cost Savings: Fortrea purportedly overstated the potential cost savings associated with exiting Transitional Service Agreements (TSAs).
3. Inflated EBITDA Targets: Given the first two points, the EBITDA targets that Fortrea announced for 2025 are said to be inflated, misleading investors about the company’s financial health.
4. Misleading Statements: Throughout this period, Fortrea executives allegedly made false or misleading statements regarding the company's business model and financial prospects.

As a result of these allegations, investors who relied on Fortrea’s statements may have made investment decisions that ultimately led to financial losses. This opens up a critical avenue for affected investors to seek redress.

How Can Investors Participate?

If you were an investor in Fortrea Holdings and experienced financial losses, you can participate in this class action lawsuit. It’s crucial to act swiftly as the deadline to lead this securities fraud lawsuit is August 1, 2025. Interested investors can visit the law firm's website for more information.

Contact Information

For investors wishing to gather more details regarding participation or inquiries concerning their rights, Glancy Prongay & Murray LLP has provided contact details:

• - Contact: Charles Linehan, Esq.
• - Address: 1925 Century Park East, Suite 2100, Los Angeles, CA 90067
• - Email: [email protected]
• - Phone: 310-201-9150 (Toll-Free: 888-773-9224)

Investors are encouraged to reach out directly or visit www.glancylaw.com for updates and detailed guidance on how to proceed. Keep in mind that joining the lawsuit doesn’t require immediate action. You can simply retain counsel or choose to remain an absent member of the class action.

Conclusion

This lawsuit serves as a crucial reminder for investors to remain vigilant about the information provided by publicly traded companies. Transparency and truthful disclosures are vital in maintaining investor trust and confidence. The ongoing proceedings will put Fortrea Holdings under scrutiny, and the outcome may set crucial precedents in the realm of securities regulations and investor rights. Investors should stay informed and consider their options carefully as the case progresses.