Join the Class Action Against Fortrea Holdings Inc.
On June 6, 2025, the Schall Law Firm announced a significant opportunity for investors to participate in a class action lawsuit against Fortrea Holdings Inc. (NASDAQ: FTRE). This lawsuit arises from the alleged violations of the Securities Exchange Act of 1934, particularly Sections 10(b) and 20(a), as well as Rule 10b-5 enforced by the U.S. Securities and Exchange Commission.
Who Should Participate?
Investors who acquired Fortrea securities between July 3, 2023, and February 28, 2025, the designated class period, are especially encouraged to reach out. If you are a shareholder who has faced losses during this time frame, your experience is crucial for the progression of this case.
Reasons for the Lawsuit
The class action lawsuit identifies numerous false and misleading statements made by Fortrea, specifically overestimating potential revenues from projects initiated prior to the company’s separation from Labcorp Holdings Inc. Furthermore, Fortrea allegedly exaggerated the cost reductions it anticipated from exiting transition service agreements (TSAs), which inflated its EBITDA targets. Such inaccuracies significantly distorted the market's perception of the company’s financial prospects and business viability.
Once these misleading statements were revealed, investors faced substantial damages as the truth about Fortrea's financial standing came to light. As a result, shareholders are being urged to consider filing actions to protect their rights and seek compensation for their losses.
How to Get Involved
The Schall Law Firm, renowned for its commitment to shareholder rights, is handling this case and invites affected investors to initiate contact. Interested parties should reach out to Brian Schall directly at the firm's Los Angeles office, where they can discuss their situation and learn more about their legal rights—without any initial charge. The firm is dedicated to aiding those who have been affected by potential securities fraud.
Free Consultation
Investors can contact the Schall Law Firm by calling 310-301-3335, or they may visit their website at
www.schallfirm.com for further information. Moreover, you can express your interest in joining the case by filling out a form on their site before the cutoff date of August 1, 2025.
Legal Considerations
It’s essential to note that the current class has yet to be certified. Consequently, those who do not take any action regarding their shares are considered absent class members and would remain unrepresented. It is vital to act promptly to ensure your interests are advocated for within this potential class action.
Moving forward, investors are advised to stay well-informed and consider their options in light of this public announcement. Those adversely affected by Fortrea's performance and statements now have a chance to stand up collectively for their rights. This lawsuit not only seeks justice for individual shareholders but also emphasizes accountability in corporate practices that could mislead investors. Join the fight and reclaim what is rightfully yours by connecting with the Schall Law Firm today.