Core Viewpoint - A class action lawsuit has been initiated against Fortrea Holdings Inc. due to allegations of materially false and misleading statements regarding the company's business operations and financial prospects [1] Summary by Relevant Sections Allegations - The lawsuit claims that Fortrea Holdings overestimated the revenue contributions from Pre-Spin Projects for 2025 earnings [1] - It is alleged that the company overstated potential cost savings from exiting Transition Services Agreements (TSAs) [1] - The previously announced EBITDA targets for 2025 are claimed to be inflated as a result of these misstatements [1] - The viability of the company's post-Spin-Off business model and its financial prospects were also allegedly overstated [1] - Overall, the company's public statements are described as materially false and misleading throughout the relevant period [1]
Fortrea Class Action Has Been Filed: Investors with Losses Urged to Contact Johnson Fistel for More Information