#United States #New York #Class Action #Levi & Korsinsky #Fortrea Holdings

Fortrea Holdings Inc. Class Action Alert

Levi & Korsinsky, LLP has recently brought to attention a class action lawsuit involving Fortrea Holdings Inc. This high-profile legal matter primarily affects investors who may have experienced losses due to alleged securities fraud. If you're among the affected investors, timely action is required, as the deadline to request lead plaintiff status in this lawsuit is set for August 1, 2025.

Background Details of the Lawsuit

The class action lawsuit concerns claims made by Fortrea Holdings Inc. between July 3, 2023, and February 28, 2025. The lawsuit aims to recover losses for shareholders who may have been adversely affected during this time frame. The complaint alleges that certain defendants within the company made false statements or omitted critical information regarding the financial health and operational projections of the business.

Specifically, the lawsuit claims that:

• - Fortrea inflated revenue projections regarding long-term projects labeled as Pre-Spin Projects, which were supposed to contribute significantly to its 2025 earnings.
• - The company purportedly overestimated cost savings related to exiting transition service agreements.
• - Due to these inaccuracies, the previously announced EBITDA targets for 2025 were significantly overstated.
• - Consequently, the viability of the company's business model post-spin-off and its overall financial prospects were misrepresented.
• - This led to public statements that were materially false and misleading, affecting investor decisions and expectations.

What Investors Need to Know

If you are a shareholder who suffered a loss during the relevant period, you are encouraged to seek legal recourse. The firm emphasizes that potential plaintiffs do not need to take up the role of lead plaintiff to secure compensation. Participation in this legal action incurs no costs for class members, making it accessible for all affected investors.

Action Steps for Investors

• - Contact Information: Investors seeking more information can reach out to Joseph E. Levi, Esq. at [email protected] or call (212) 363-7500.
• - Important Dates: Be mindful of the approaching lead plaintiff deadline on August 1, 2025.
• - No Upfront Costs: There are no obligations or fees for class members, ensuring that any recovery will be available without the risk of upfront payments.

Why Levi & Korsinsky?

With a robust history spanning over two decades, Levi & Korsinsky has established itself as a leading firm in securing substantial recoveries for aggrieved shareholders. Notably, the firm has ranked among the top securities litigation advocates in the country, often celebrated for its success in high-stakes legal cases. Their dedicated team boasts over 70 legal professionals, ensuring effective representation for affected investors.

Conclusion

In conclusion, this class action lawsuit represents a critical opportunity for investors in Fortrea Holdings Inc. to seek justice for alleged securities fraud. With the deadline fast approaching, it is vital for affected shareholders to take prompt action and engage with legal experts to understand their rights and potential avenues for recovery. Stay informed and proactive to safeguard your investment interests.