#None #Class Action #Rosen Law Firm #Fortrea Holdings

FTRE Investors Have Chance to Lead Class Action Against Fortrea Holdings, Inc.

The Rosen Law Firm, a prominent player in the global investor rights landscape, has brought to light a significant legal event for shareholders of Fortrea Holdings, Inc. The firm recently announced a class action lawsuit effective for anyone who purchased Fortrea securities between July 3, 2023, and February 28, 2025. As investors navigate through troubled waters, this lawsuit presents an opportunity for affected shareholders to seek recompense for their losses.

The Lawsuit Overview

The lawsuit comes in response to allegations that Fortrea made misleading statements and omissions regarding its financial outlook during the specified class period. Investors who believe they might have suffered damages due to these misrepresentations can engage in the legal action without incurring any upfront costs, thanks to a contingency fee arrangement set up by the law firm.

Key Details

Investors are encouraged to act promptly. To serve as lead plaintiff—a role crucial for steering the ongoing litigation—interested parties must file their motions by August 1, 2025. The lead plaintiff represents the collective interests of the various investors and plays a pivotal role in shaping the lawsuit's direction.

To join the class action and get involved, potential plaintiffs can visit Rosen Law’s website or contact Phillip Kim, Esq. at 866-767-3653. It is important to note that until the class is formally certified by the court, individuals are not represented legally unless they choose to engage counsel directly.

Rosen Law Firm’s Track Record

Rosen Law Firm prides itself on a history of successful outcomes in similar securities class actions, especially focusing on shareholder derivative litigation. Notably, the firm was responsible for achieving the largest securities class action settlement against a Chinese company at the time, showcasing its dedication and competence in handling complex financial legal battles.

Ranked continuously among the top law firms by ISS Securities Class Action Services, Rosen Law has secured significant recoveries for investors over the years. In 2019 alone, it amassed over $438 million in settlements for aggrieved shareholders. Founding partner Laurence Rosen has garnered accolades for his contributions and has been recognized multiple times in legal circles.

Allegations Against Fortrea

The lawsuit cites several key allegations regarding Fortrea’s disclosures:

1. Overestimation of Revenue: Fortrea reportedly overestimated the potential revenue from its Pre-Spin Projects that were expected to influence earnings in 2025.
2. Cost Savings Falsification: Claims were made that Fortrea overstated the cost savings it anticipated by eliminating its transition service agreements (TSAs).
3. Inflated EBITDA Targets: Consequently, Fortrea’s previously announced EBITDA targets for 2025 were found to be inflated due to the inaccuracies highlighted.
4. Business Model Viability Concerns: The sustainability of Fortrea’s business model post-Spin-Off and its financial prospects were overstated, misleading investors.
5. Materially False Statements: As a result of these issues, Fortrea’s public statements were found to be materially misleading, leading to potential damages for investors.

When this information became available, it triggered a negative market response, resulting in financial losses for shareholders who relied on Fortrea’s misrepresented figures.

What Affected Investors Should Consider

For those invested in Fortrea during the class period, taking action now is critical. Being part of the lawsuit not only serves to possibly reclaim losses but also sends a message about accountability in corporate governance. Investors can choose to remain passive members of the class or step up to lead the charges for restitution.

Stay informed about the case by following Rosen Law Firm on LinkedIn or other social media. With legal proceedings continuing, timely updates and insights will be crucial for stakeholders.

In a climate so turbulent for shareholders, the opportunity to lead a significant class action presents not only a path to recover losses but also a chance to play an active role in ensuring corporate responsibility.