Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Fortrea Holdings Inc. due to allegations of misleading statements and financial misrepresentations that have led to significant investor losses [2][4]. Group 1: Legal Investigation and Claims - Investors who suffered losses exceeding $50,000 in Fortrea between July 3, 2023, and February 28, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - A federal securities class action has been filed against Fortrea, with an August 1, 2025, deadline for investors to seek the role of lead plaintiff [2]. Group 2: Allegations Against Fortrea - The complaint alleges that Fortrea overestimated revenue contributions from Pre-Spin Projects and overstated cost savings from exiting Transition Services Agreements (TSAs), leading to inflated EBITDA targets for 2025 [4]. - The company's public statements regarding its business model and financial prospects were deemed materially false and misleading [4]. Group 3: Stock Performance and Analyst Downgrades - On September 25, 2024, Jefferies downgraded Fortrea from buy to hold, citing weaknesses in its business model and a stock price drop of $2.73 per share (12.29%) [5]. - Baird Equity Research downgraded Fortrea to neutral on December 6, 2024, after the company canceled two scheduled conferences, resulting in a stock price decline of $1.90 per share (8.06%) [6]. - Following the announcement of disappointing financial results on March 3, 2025, Fortrea's stock price fell by $3.47 per share (25.05%) [7].
FTRE Investors Have the Opportunity to Lead the Fortrea Holdings Securities Fraud Lawsuit with Faruqi & Faruqi, LLP