Core Viewpoint - A lawsuit is pending against Fortrea Holdings Inc. for alleged violations of securities laws, with claims that the company made misleading statements regarding its revenue projections and cost savings [2]. Group 1: Lawsuit Details - An investor filed a lawsuit on May 23, 2025, alleging that Fortrea Holdings Inc. overstated the revenue contributions from its Pre-Spin Projects for 2025 [2]. - The lawsuit claims that Fortrea exaggerated the cost savings expected from exiting Transition Services Agreements (TSAs), leading to inflated EBITDA targets for 2025 [2]. - The plaintiff asserts that the company's public statements regarding its post-Spin-Off business model and financial prospects were materially false and misleading [2]. Group 2: Investor Information - Shareholders who purchased shares of Fortrea Holdings Inc. prior to July 2023 and continue to hold them are encouraged to contact the Shareholders Foundation for options [1][3]. - The Shareholders Foundation provides services related to shareholder issues, including information on securities class actions and legal news relevant to the financial market [3].
Lawsuit Alert: Investors who lost money with Fortrea Holdings Inc. (NASDAQ: FTRE) should contact the Shareholders Foundation