#USA #New York #Gross Law Firm #Securities Class Action #Fortrea Holdings

Gross Law Firm Initiates Class Action for Fortrea Holdings Inc. Shareholders

On June 9, 2025, the Gross Law Firm made a significant announcement regarding Fortrea Holdings Inc. (NASDAQ: FTRE). The firm has initiated a securities class action on behalf of shareholders who acquired shares of FTRE within a specific timeframe. This action is critical for shareholders who may have faced losses due to allegations surrounding misleading financial information shared by the company.

Background of the Case

The issuer of this notice is urging Fortrea Holdings' shareholders to come forward if they purchased shares between July 3, 2023, and February 28, 2025. The class action is aimed at tackling serious allegations which include false claims regarding revenue projections from long-term projects, specifically the Pre-Spin Projects. According to the complaint, the company has been accused of inflating revenue estimates for these projects and overstating potential cost savings related to exiting certain transition agreements.

The ramifications of these claims are substantial, as they suggest that Fortrea Holdings’ previously announced EBITDA targets for 2025 were significantly exaggerated. These misleading assertions reportedly inflated the company's stock value, impacting investors who trusted the provided financial forecasts. As a result, the viability of the business model post-spin-off and its overall business prospects now come under scrutiny.

Call to Action for Shareholders

In light of these developments, affected shareholders are encouraged to register with the Gross Law Firm. The firm emphasizes that an appointment as a lead plaintiff is not necessary to benefit from the case's proceedings. Interested shareholders can take action by submitting their information through the law firm's website. The deadline for registering is set for August 1, 2025.

Once registered, participants will also gain access to a portfolio monitoring software that will keep them updated on the status of the case, ensuring they remain informed throughout the legal process.

Commitment of the Gross Law Firm

The Gross Law Firm is noted for its dedication to advocating for investors facing financial losses due to corporate fraud and misleading business practices. Their mission is to uphold the rights of shareholders, ensuring that companies engage in responsible practices and are accountable for their claims. With a solid reputation in handling class action lawsuits, the firm's approach is geared towards achieving the best outcomes for investors trapped in adverse situations like this one.

The firm indicates that no costs or obligations are tied to participating in the case, making it accessible for all shareholders involved.

Conclusion

As the investigation progresses, Fortrea Holdings Inc. shareholders should remain vigilant and proactive in understanding their rights and options. The ongoing class action by the Gross Law Firm seeks to rectify grievances and recover losses resulting from the alleged misleading statements. Shareholders are urged not to hesitate in registering and participating in this crucial legal action, as they may be eligible for recovery pending the outcome of the proceedings.

For more information, or to register as a shareholder, please visit the Gross Law Firm's website or reach out to them directly at their office in New York.

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