Fortrea Holdings Inc. Faces Class Action for Securities Fraud Allegations: Investors Urged to Act

Fortrea Holdings Inc. Faces Class Action for Securities Fraud

In a significant development, Fortrea Holdings Inc. (NASDAQ: FTRE) is currently embroiled in a class action lawsuit purportedly linked to securities law violations. This legal action, announced by Levi & Korsinsky, LLP on July 18, 2025, targets investors who experienced losses from purported fraud between July 3, 2023, and February 28, 2025. With numerous allegations levied against the company, it is crucial for affected investors to understand their rights and potential legal options.

Details of the Allegations

According to the filed complaint, Fortrea Holdings is accused of making multiple false statements and concealing crucial information about the company's financial health. Specifically, the allegations focus on:
1. Overestimating Revenue: Fortrea allegedly exaggerated the projected earnings from long-term projects known as the Pre-Spin Projects, misleading stakeholders regarding anticipated contributions to the 2025 earnings.
2. Inflated Cost Savings: The lawsuit claims the firm overstated the potential cost savings it could realize from discontinuing transition services agreements, distorting the true financial outlook for the company.
3. Misleading EBITDA Targets: As a result of the previous two points, Fortrea’s previously announced EBITDA targets for 2025 were allegedly inflated, leading investors to base their decisions on erroneous forecasts.
4. Deceptive Public Statements: Overall, the company’s public declarations are claimed to have been materially false and misleading during the time in question, potentially leading to substantial financial harm for investors.

As the litigation unfolds, it could have significant implications for both Fortrea Holdings and its investors, particularly those who may have engaged with the company in the specified timeframe.

What Affected Investors Should Do

Investors who believe they are affected by these developments have until August 1, 2025, to request to be appointed as lead plaintiffs in the case. Taking this step may enable them to lead the charge in the pursuit of recovery for the financial losses suffered.

It is important to note that participation in the class action does not necessitate serving as a lead plaintiff; investors can still share in any potential recovery without this role. Levi & Korsinsky emphasizes that there are no upfront costs involved for class members seeking to join the lawsuit, meaning affected investors can seek compensation without any out-of-pocket expenses.

Levi & Korsinsky: Advocates for Investors

Levi & Korsinsky have established a strong track record over the past two decades, successfully securing hundreds of millions of dollars for their clients. The firm specializes in complex securities litigation, employing a robust team of over 70 professionals dedicated to advocating for investors. Their commitment has earned them a spot on ISS Securities Class Action Services' Top 50 Report consistently over the past seven years.

In light of these allegations, Fortrea Holdings investors are urged to act promptly to safeguard their interests. Anyone who suffered financial losses during the specified period is encouraged to reach out to Levi & Korsinsky for guidance and assistance. Those interested can contact Joseph E. Levi, Esq. via email or phone at the provided contact details.

Contact Information

If you are an affected investor, consider reaching out to Levi & Korsinsky, LLP for more information on how to join the lawsuit:

- Email: [email protected]
- Phone: (212) 363-7500

Conclusion

As the situation unfolds, Fortrea Holdings Inc. and its stakeholders will closely monitor the developments in this class action lawsuit. For investors, understanding their rights and seeking legal recourse can be vital in mitigating the impact of potential fraudulent activities. Staying informed and proactive is essential in these challenging circumstances.