#USA #New York #Class Action #Levi & Korsinsky #Fortrea Holdings

Join the Class Action Suit Against Fortrea Holdings

In recent developments, investors who have suffered financial losses due to Fortrea Holdings Inc. (NASDAQ: FTRE) are encouraged to take action. The law firm Levi & Korsinsky, LLP has announced a class action lawsuit aiming to recover losses for affected investors. This legal action targets individuals who faced negative impacts from alleged securities fraud during the specified period between July 3, 2023, and February 28, 2025.

Class Action Details

The class action seeks to hold Fortrea accountable for misrepresenting its financial health and potential earnings. According to the complaint, the company overstated the revenue expectations from its long-term projects, misleading investors regarding its financial forecasts for 2025. Critical assertions made by Fortrea have come under scrutiny, including:

• - Overestimating Revenues: Fortrea reportedly inflated expectations regarding the contributions from its Pre-Spin Projects, leading to unrealistic earnings projections.
• - Cost Savings Assertions: The firm allegedly overstated the cost savings anticipated from terminating its transition services agreements.
• - Misleading EBITDA Targets: Investors were misled concerning the company's EBITDA targets, which were ultimately found to be inflated and unsustainable.
• - Overall Business Viability: The lawsuit contends that Fortrea's communication regarding its post-spin-off business model and financial prospects was overly optimistic and misleading.

These misstatements resulted in public announcements that misled investors, giving them false confidence in their investment decisions.

Criteria for Participation

If you are an investor who experienced losses from your involvement with Fortrea Holdings during the relevant timeframe, now is the time to act. You have until August 1, 2025, to reach out to Levi & Korsinsky for potential participation in the lawsuit. Notably, being a lead plaintiff is not a prerequisite for claiming any recovery from the lawsuit.

No Upfront Costs

For those involved in the class action, there are no up-front costs or obligations required to participate. This means that if you're eligible, you can pursue compensation at no financial risk. This comprehensive approach allows a broader range of investors to join without fearing additional financial burdens.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a proven track record in securities litigation, having recovered hundreds of millions of dollars for aggrieved shareholders over the past two decades. Their accolades include consistent recognition in the ISS Securities Class Action Services' Top 50 Report as one of the premier litigation firms in the United States. With a dedicated team of over 70 professionals, they specialize in protecting investor rights amidst complex legal issues.

How to Get Involved

Interested investors should file a request through the dedicated form provided by Levi & Korsinsky: File Your Claim Here. Additionally, you can contact attorney Joseph E. Levi via email at [email protected] or by calling (212) 363-7500 for personalized guidance.

With potential ramifications for many, this lawsuit is vital for investors seeking to reclaim their losses and hold Fortrea accountable for its actions.

Contact Information

For further inquiries, you can reach Levi & Korsinsky, LLP at:

• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
• - Email: [email protected]
• - Phone: (212) 363-7500

This legal initiative is a crucial step for Fortrea investors to consider, particularly amidst the complex landscape of securities fraud and market integrity.