Investigation Launched into Fortrea Holdings by Kahn Swick & Foti, LLC Under Former Louisiana Attorney General
In an unfolding corporate scrutiny, Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General, Charles C. Foti, Jr., has launched an investigation into Fortrea Holdings, Inc. (NASDAQ: FTRE). This move follows a troubling financial announcement from the company that indicates a significant discrepancy between projected and actual revenue, following its spin-off from Labcorp Holdings Inc. in June 2023.
Fortrea Holdings, initially a division of Labcorp, separated into a standalone public entity, with expectations of robust financial performance. However, in March 2025, the company disclosed that its financial results for Q4 and the entire year of 2024 fell short of its projections. Reportedly, Fortrea's pre-spin projects are generating significantly less revenue and profitability than anticipated. Moreover, the company indicated that the influx of work that was supposed to start post-spin has not materialized quickly enough to compensate for these setbacks.
Following the disappointing announcements, Fortrea and some of its executives found themselves embroiled in a securities class action lawsuit. This lawsuit alleges that they failed to disclose vital information in violation of federal securities laws. The implications of such a legal development could be significant, not only for the company but also for its shareholders.
Kahn Swick & Foti’s inquiry is central to assessing whether the executives and board members of Fortrea failed in their fiduciary duties to shareholders. Specifically, the law firm is examining possible legal violations that may have occurred throughout this turbulent transition period for the company.
Investors who have held Fortrea shares long-term are encouraged to come forward with any relevant information that could assist in the investigation. KSF is open to discussions with shareholders regarding their legal rights and potential recovery of losses, emphasizing that they can bring this forward without any obligation or cost involved.
Kahn Swick & Foti, recognized as one of the leading boutique securities litigation firms in the United States, prides itself on a track record of success in recovering investment losses linked to corporate malfeasance. With an established presence across cities, including New York, Delaware, and Louisiana, KSF serves a diverse set of clients from institutional investors to retail shareholders.
The proactive steps taken by KSF highlight a significant trend in corporate governance and investment protection, emphasizing the importance of transparency and accuracy in financial disclosures. This incident serves as a reminder of the potential consequences when companies deviate from these principles.
As the investigation proceeds, shareholders and stakeholders alike will be closely monitoring the developments. It will be crucial for Fortrea to address these issues promptly to maintain investor confidence and potentially avert further legal challenges. Stakeholders wishing to learn more about this investigation can reach out to Kahn Swick & Foti via their official website or contact KSF managing partner, Lewis Kahn, directly at the provided email or toll-free number. The pursuit of justice and accountability in corporate governance is a fundamental right for every investor, and this case serves as a pertinent example of that ongoing effort.
For more information, KSF provides resources on their website that detail the various cases they handle. Their commitment to supporting investors through such turbulent waters reflects the core values of integrity and advocacy that underpin their practice.
Fortrea Holdings, initially a division of Labcorp, separated into a standalone public entity, with expectations of robust financial performance. However, in March 2025, the company disclosed that its financial results for Q4 and the entire year of 2024 fell short of its projections. Reportedly, Fortrea's pre-spin projects are generating significantly less revenue and profitability than anticipated. Moreover, the company indicated that the influx of work that was supposed to start post-spin has not materialized quickly enough to compensate for these setbacks.
Following the disappointing announcements, Fortrea and some of its executives found themselves embroiled in a securities class action lawsuit. This lawsuit alleges that they failed to disclose vital information in violation of federal securities laws. The implications of such a legal development could be significant, not only for the company but also for its shareholders.
Kahn Swick & Foti’s inquiry is central to assessing whether the executives and board members of Fortrea failed in their fiduciary duties to shareholders. Specifically, the law firm is examining possible legal violations that may have occurred throughout this turbulent transition period for the company.
Investors who have held Fortrea shares long-term are encouraged to come forward with any relevant information that could assist in the investigation. KSF is open to discussions with shareholders regarding their legal rights and potential recovery of losses, emphasizing that they can bring this forward without any obligation or cost involved.
Kahn Swick & Foti, recognized as one of the leading boutique securities litigation firms in the United States, prides itself on a track record of success in recovering investment losses linked to corporate malfeasance. With an established presence across cities, including New York, Delaware, and Louisiana, KSF serves a diverse set of clients from institutional investors to retail shareholders.
The proactive steps taken by KSF highlight a significant trend in corporate governance and investment protection, emphasizing the importance of transparency and accuracy in financial disclosures. This incident serves as a reminder of the potential consequences when companies deviate from these principles.
As the investigation proceeds, shareholders and stakeholders alike will be closely monitoring the developments. It will be crucial for Fortrea to address these issues promptly to maintain investor confidence and potentially avert further legal challenges. Stakeholders wishing to learn more about this investigation can reach out to Kahn Swick & Foti via their official website or contact KSF managing partner, Lewis Kahn, directly at the provided email or toll-free number. The pursuit of justice and accountability in corporate governance is a fundamental right for every investor, and this case serves as a pertinent example of that ongoing effort.
For more information, KSF provides resources on their website that detail the various cases they handle. Their commitment to supporting investors through such turbulent waters reflects the core values of integrity and advocacy that underpin their practice.
Topics Financial Services & Investing）
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