#United States #New York #Class Action #Securities Fraud #Fortrea Holdings

Class Action Lawsuit Against Fortrea Holdings Inc. (FTRE)

In recent news, Levi & Korsinsky, LLP announced the initiation of a class action lawsuit on behalf of investors of Fortrea Holdings Inc., a company listed under NASDAQ as FTRE. The lawsuit comes amidst allegations of securities fraud which purportedly occurred between July 3, 2023 and February 28, 2025. This legal action aims to bring justice and recovery to those investors affected during this timeframe.

Overview of Allegations

According to the complaint, the defendants associated with Fortrea Holdings are accused of making misleading statements and concealing critical information that significantly impacted investor decisions. Specifically, it was claimed that Fortrea had overestimated revenue contributions expected from its long-term projects, dubbed the Pre-Spin Projects, directly affecting its 2025 earnings forecasts. Other cited issues involve overstated cost savings from exiting transition service agreements, which misled investors regarding the company’s financial health and business viability.

The lawsuit asserts that due to these false representations, Fortrea's previously announced EBITDA targets for 2025 were inflated. As a result, the true business prospects of the company post-spin-off appeared much better than reality, misleading shareholders and risking extensive financial loss.

Key Details

What Are the Affected Investors Advised to Do?

If you suffered a financial loss while investing in Fortrea Holdings during the specified period, you are encouraged to respond before August 1, 2025. This date marks the deadline for requesting the Court to appoint you as the lead plaintiff in this class action suit. However, it’s important to note that participation in any recovery does not necessitate being the lead plaintiff.

No Costs for Class Members

One pivotal point to keep in mind for potential claimants is that participation in this class action lawsuit is at no cost to them. Investors can seek compensation without any initial out-of-pocket expenses. Hence, if you are a member of this class, there is no financial obligation or risk involved in joining the lawsuit.

Why Choose Levi & Korsinsky?

Levi & Korsinsky is renowned for its substantive track record of securing significant recoveries for shareholders, achieving hundreds of millions of dollars in compensation for aggrieved investors over the last two decades. The firm prides itself on having a dedicated team of over 70 professionals experienced in complex securities litigation, a factor that bolsters its capability in handling high-stakes legal cases.

Having ranked consistently in the Top 50 Report by ISS Securities Class Action Services, this firm is recognized among leading securities litigation firms in the United States. Their extensive expertise is a reliable benefit for any investor seeking representation in a class action context.

Contact Information

For more information regarding this class action lawsuit against Fortrea Holdings Inc., investors can visit Levi & Korsinsky's official website or reach out directly to Joseph E. Levi, Esq. at (212) 363-7500 or via email at jrlevi@zlk.com.

As the financial landscape continues to experience fluctuations, being informed and vigilant about potential injustices in securities matters becomes ever more crucial. Investors are encouraged to stay connected with developments on this case and consider taking action if affected.