Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortrea Holdings Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its financial projections and business model during the specified class period [1][2]. Allegations - The complaint claims that Fortrea overestimated the revenue contributions from its long-term projects, known as the Pre-Spin Projects, for the year 2025 [1]. - It is alleged that Fortrea overstated the cost savings expected from exiting transition services agreements [1]. - The company's previously announced EBITDA targets for 2025 were inflated as a result of these misstatements [1]. - The viability of Fortrea's post-spin-off business model and its financial prospects were also overstated [1]. - Consequently, the public statements made by the company were materially false and misleading throughout the relevant period [1]. Class Action Details - The class period for the lawsuit is from July 3, 2023, to February 28, 2025 [1]. - Shareholders are encouraged to register for the class action by August 1, 2025, to potentially be appointed as lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceitful practices and seeks recovery for those affected by misleading statements that artificially inflated stock prices [3].
Shareholders that lost money on Fortrea Holdings Inc.(FTRE) Urged to Join Class Action - Contact The Gross Law Firm to Learn More