#United States #New York #Class Action #Gross Law Firm #Fortrea Holdings

Class Action Lawsuit Against Fortrea Holdings Inc.

The Gross Law Firm has issued a crucial notice for shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE) regarding a class action lawsuit. Shareholders who purchased shares between July 3, 2023, and February 28, 2025, are strongly encouraged to reach out to the firm for potential lead plaintiff appointments. However, it is important to note that being appointed as a lead plaintiff is not necessary to claim any recovery due to this lawsuit.

Details of the Class Action

Allegations

The lawsuit alleges that Fortrea Holdings engaged in deceptive practices by misrepresenting key financial data. Specifically, the complaints suggest that:
1. Overestimated Revenue: Fortrea allegedly overestimated the revenue contributions from its long-term projects, termed as Pre-Spin Projects, which were likely to inflate the company’s earnings for 2025.
2. Misrepresented Cost Savings: The company is accused of overstating potential cost savings associated with exiting its transition services agreements.
3. Inflated EBITDA Targets: The lawsuit claims that the company's previously announced EBITDA targets for 2025 were artificially inflated, misleading investors about the company's actual financial health.
4. Exaggerated Business Viability: It is also alleged that Fortrea misrepresented the viability of its business model post-spin-off, leading to misleading public statements.
5. False and Misleading Statements: Overall, the lawsuit contends that all public communications made by Fortrea during this period were materially false and misleading, contributing to an artificial inflation of the company's stock value.

Important Deadlines

Shareholders interested in this class action must act swiftly, as the deadline to register is August 1, 2025. It is vital for affected shareholders to not delay registering for this class action lawsuit. Interested parties can submit their information through the following link: Register Here.

Next Steps for Shareholders

Upon registering as a shareholder who purchased shares of FTRE during the specified timeframe, participants will be enrolled in a portfolio monitoring service. This service aims to provide continuous updates on the status of the lawsuit throughout its lifecycle. It is important to understand that there is no cost or obligation for shareholders to take part in this lawsuit.

Why Choose Gross Law Firm?

The Gross Law Firm stands out as a recognized leader in class action lawsuits across the nation. Their mission is clear: to safeguard the rights of investors who have suffered from deceitful practices, misinformation, and corporate malpractice. The firm strives to ensure that companies practice responsible business ethics and maintain good corporate citizenship. Through this lawsuit, they seek recovery for investors who have borne losses due to misleading information issued by companies.

It's essential to remember that prior results do not guarantee similar outcomes. For more inquiries, shareholders can directly contact the Gross Law Firm via the following details:

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

In closing, Fortrea shareholders are advised to take immediate action to safeguard their investments and ensure they are informed about this class action lawsuit’s developments.