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

Legal Notice: Class Action Against Fortrea Holdings Inc.

Levi & Korsinsky, LLP has issued a notice to investors in Fortrea Holdings Inc. (NASDAQ: FTRE), informing them about a significant class action securities lawsuit. This action aims to represent those who have suffered losses due to alleged misconduct by the company. The deadline for affected investors to join as lead plaintiffs is August 1, 2025.

Background of the Case

The class action is focused on issues that investors encountered between July 3, 2023, and February 28, 2025. During this period, Fortrea is accused of securities fraud, which allegedly involved making false representations about their financial stability and future earnings. Investors are encouraged to participate in the lawsuit to seek restitution for their losses.

Allegations Against Fortrea Holdings

The suit alleges that the executives at Fortrea Holdings knowingly misrepresented various key aspects of the company's performance, specifically regarding:
1. Revenue Overestimation: The complaint states that Fortrea exaggerated the expected revenue contributions of its long-term projects, termed as the "Pre-Spin Projects".
2. Inflated Cost Savings Claims: It is claimed that the company overstated the cost savings from discontinuing their transition services agreements.
3. Misleading EBITDA Targets: The previously announced EBITDA targets for 2025 were allegedly inflated misleadingly, leading investors to have an overly optimistic view of the company’s financial health.
4. Exaggerated Business Viability: As a result of the false representations, the business model's viability and overall financial prospects were overstated, painting an inaccurately favorable picture to investors.

These misstatements led to a significant discrepancy between the projected and actual performance of Fortrea Holdings, causing considerable financial losses to investors.

How to Participate in the Class Action

Investors who believe they were impacted by these misrepresentations have until August 1, 2025, to voice their wish to be appointed as lead plaintiffs. It’s important to note that participation in this class action does not necessitate taking on the lead plaintiff role; you can still recover damages without this designation.

The law firm Levi & Korsinsky emphasizes that joining the class action incurs no costs for members. Any potential recovery for losses does not entail any out-of-pocket expenses for the investors, making it an accessible option for those affected.

Levi & Korsinsky: A Trusted Ally for Investors

Levi & Korsinsky has built a robust reputation over the past two decades, successfully securing hundreds of millions of dollars for shareholders in complex securities litigation. With a dedicated team of over 70 professionals, they offer extensive expertise and a proven track record in navigating high-stakes legal challenges. Their commitment is evidenced by seven years of recognition in ISS Securities Class Action Services’ Top 50 Report, underscoring their status as one of the top firms in the securities litigation sector within the United States.

Contact Information

For further details, affected investors can reach out to:

• - Joseph E. Levi, Esq.
• - Ed Korsinsky, Esq.

Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
For additional resources and to file your claim, visit their official website: www.zlk.com.

In conclusion, if you were an investor in Fortrea Holdings during the stated period, explore your options to recover losses alongside fellow shareholders through this class action lawsuit. Don't miss the opportunity to stand up against alleged corporate misconduct.