Fortrea Holdings Inc. Faces Class Action Lawsuit Over Securities Violations

Fortrea Holdings Inc. Faces Class Action Lawsuit for Securities Violations

Fortrea Holdings Inc. (NASDAQ: FTRE), a company that has made headlines recently, is now facing serious allegations that could significantly impact its shareholders. On July 24, 2025, The Gross Law Firm announced that it is filing a class action lawsuit against Fortrea, urging shareholders who purchased shares during a defined class period to reach out if they wish to discuss their rights and potential recovery options.

Background on the Allegations

According to the court documents, the complaint alleges that Fortrea made several materially false and misleading statements during the class period from July 3, 2023, to February 28, 2025. The firm claims that the company overstated its projected earnings from long-term projects it had, which they referred to as the 'Pre-Spin Projects'. Additionally, it is alleged that Fortrea inaccurately represented the cost savings it expected to achieve after exiting transition services agreements. As a result, the company's previously announced EBITDA targets for 2025 appear to have been incorrectly inflated.

Key Concerns for Shareholders

The lawsuit raises serious concerns about the future viability of Fortrea's business model following its spin-off, as well as the company's broader financial prospects. Shareholders are being informed that, due to these alleged misstatements, the public declarations made by the company were misleading at all relevant times, raising an alarm for those who invested during the class period.

A significant deadline for affected shareholders looms on August 1, 2025. This date marks the end of the period for investors to register as class participants. While registration does not require appointment as the lead plaintiff to receive recovery, those interested in a lead plaintiff role are strongly encouraged to submit their information before this cutoff.

Next Steps for Affected Shareholders

For shareholders who bought shares of Fortrea within the specified timeframe, The Gross Law Firm provides a straightforward process for registering. Once registered, investors will be enrolled in a portfolio monitoring program that will keep them updated throughout the lifecycle of the case. This initiative outlines a proactive approach to ensuring shareholders are continuously informed about the developments in the lawsuit, thereby facilitating their right to recover any losses incurred due to alleged inaccuracies in Fortrea’s disclosures.

The Gross Law Firm, recognized as a reputable class-action firm, stresses the importance of protecting investors from deceitful business practices, aiming to recover losses for those adversely impacted. The firm's commitment to corporate accountability and ethical business conduct is underscored by their mission to seek reparations on behalf of investors whose trust in a company's integrity was compromised.

If you are one of the shareholders affected and wish to explore your rights, reach out directly to The Gross Law Firm for further assistance. The firm, situated at 15 West 38th Street, 12th Floor, New York, NY, is prepared to guide clients through the complexities of the legal process regarding this lawsuit.

As the landscape continues to evolve, all eyes will be on Fortrea to see how this legal battle unfolds and what it means for the company’s future and its shareholders at large.