Core Viewpoint - A securities class action lawsuit has been filed against Fortrea Holdings, Inc. for allegedly making false and misleading statements regarding its financial performance and business prospects during the class period from July 3, 2023, to February 28, 2025 [1]. Group 1: Allegations - The complaint claims that Fortrea overestimated the revenue contributions from its Pre-Spin Projects for 2025 earnings [2]. - It is alleged that Fortrea overstated the cost savings expected from exiting the TSAs [2]. - The company's previously announced EBITDA targets for 2025 were reportedly inflated due to these misrepresentations [2]. - The viability of Fortrea's post-Spin-Off business model and its financial prospects were also claimed to be overstated [2]. - Consequently, the public statements made by Fortrea were materially false and misleading throughout the relevant period [2]. Group 2: Investor Information - Investors who purchased shares of Fortrea are encouraged to contact the law firm before the lead plaintiff motion deadline on August 1, 2025 [3]. - A lead plaintiff will act on behalf of other class members in directing the litigation [3].
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fortrea Holdings, Inc. (FTRE)