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

Investors Notified About Fortrea Holdings Class Action Lawsuit

Levi & Korsinsky, LLP is reaching out to investors of Fortrea Holdings Inc. regarding a crucial class action lawsuit that could significantly impact the shareholders. This alert is particularly important for those who held shares between July 3, 2023, and February 28, 2025, as the lawsuit pertains to allegations of securities fraud that have left many investors with considerable losses.

Overview of the Lawsuit

The class action lawsuit aims to represent all Fortrea Holdings investors who may have suffered financial harm due to misleading statements made by the company. According to the filed complaint, there are several key allegations against Fortrea Holdings, including:

1. Overestimation of Earnings: The company allegedly exaggerated the revenue expectations from its long-term projects, known as the Pre-Spin Projects, which were supposed to contribute positively to the earnings forecast for 2025.
2. Inflated Cost Savings Claims: Fortrea is accused of overstating the cost savings it would achieve upon exiting transition services agreements.
3. Misrepresentations of Financial Viability: Due to these inflated expectations, the previously announced EBITDA targets for 2025 are believed to be significantly exaggerated, leading to a misrepresentation of the company’s financial health and overall business model.

The lawsuit asserts that these false statements and omissions have resulted in the misleading of investors regarding the true state of Fortrea Holdings, leaving many questioning the integrity of the company's public disclosures throughout the relevant period.

What Investors Should Do

Any investor who has suffered losses in Fortrea Holdings Inc. during the specified timeframe is encouraged to act quickly. According to the firm, the deadline for requesting the appointment as a lead plaintiff in the lawsuit is August 1, 2025. This does not, however, preclude investors from participating in any recovery even if they choose not to take on the lead plaintiff role.

Levi & Korsinsky assures potential class members that participation in the lawsuit will come at no out-of-pocket expense. Investors can seek compensation for their losses without incurring any fees or other financial obligations. This open-door policy aims to encourage maximum participation from affected shareholders, ensuring that they have a voice in these proceedings.

Why Choose Levi & Korsinsky?

With over two decades of experience in securities litigation, Levi & Korsinsky has amassed a reputation for advocating fiercely on behalf of investors. The firm has a proven track record, securing hundreds of millions of dollars for clients and consistently ranking among the top securities litigation firms in the U.S. Their highly skilled team includes more than 70 dedicated professionals who are committed to helping investors navigate the complexities of securities law and litigation.

Next Steps

If you believe you were impacted by the events detailed above, don’t hesitate to reach out to Levi & Korsinsky, LLP. You can contact attorney Joseph E. Levi directly via email or telephone, or visit their website for more information. Be proactive in understanding your rights as an investor in Fortrea Holdings. Remember, the deadline is fast approaching, and timely action can influence the outcome of your investment recovery efforts.

While the lawsuit against Fortrea Holdings has been launched, it underscores the critical importance of transparency and honesty within the financial markets, ensuring that investors are well-informed and protected against potential malpractices.