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FORTREA ALERT: Bragar Eagel & Squire, P.C. Urges Investors in Fortrea Holdings (FTRE) to Inquire About Their Rights in Class Action Lawsuit
GlobeNewswire News Room· 2025-07-19 15:02
Core Viewpoint - A class action lawsuit has been filed against Fortrea Holdings Inc. for allegedly misleading investors regarding its financial performance and projections following its spin-off from Labcorp Holdings Inc. [1][3][5] Company Overview - Fortrea Holdings was spun off from Labcorp Holdings in June 2023 and operates as a standalone publicly traded company [3]. - The company entered into transition services agreements with Labcorp, which include various administrative and IT support services [3]. Financial Performance - On March 3, 2025, Fortrea announced that its revenue and adjusted EBITDA targets for 2025 were not meeting prior expectations, leading to a significant stock price drop of 25.05%, closing at $10.38 per share [4]. - The company indicated that its Pre-Spin projects were underperforming, with less revenue and profitability than anticipated for 2025 [4]. Allegations in the Lawsuit - The complaint alleges that Fortrea overestimated revenue contributions from Pre-Spin projects and overstated potential cost savings from exiting transition services agreements [5]. - It is claimed that the company's previously announced EBITDA targets for 2025 were inflated, misrepresenting the viability of its post-spin business model [5].
X @The Economist
The Economist· 2025-07-18 17:30
Some 10% of the 160,000 children who were adopted by foreigners between China’s legalising of this practice in 1991 and its banning last year were forcibly taken from their birth parents, by one count https://t.co/HgsgSkyR3D ...
‘Stripping of the humanity’: Lawyer for Tufts student detained by ICE on conditions she faced
MSNBC· 2025-07-18 16:06
And more on the story we first brought to you yesterday, a revealing look at the experience of one detainee freed from ICE custody. And there she is, Missa Turk. And and she writes, "Suddenly, I was thrust into a nightmare. That is how this Tus University doctoral student recalls the moment mass ICE agents arrested her in March. " Well, now Romea Osurk is sharing what unfolded over her 45 days in detention in an op-ed published by Vanity Fair. At times denied food, water, religious accommodations, legal res ...
'Spitting in the face of Lady Justice': Rev. Al slams DOJ memo on ex-officer in Taylor case
MSNBC· 2025-07-18 15:57
botched drug raid back in 2020. On Wednesday, the DOJ asked a judge in the case for a one-day sentence, which is the length of time that Hankisones spent in jail when he was initially booked on the charges. In the filing, the DOJ argues that Hankesen deserves a punishment that is less than what federal sentencing guidelines recommend, adding that he will probably never be able to serve again as a police officer or own a firearm, and that he quote did not wound Taylor or anyone else at the scene that day, al ...
DOJ recommends one day in prison for ex-cop in Breonna Taylor shooting
NBC News· 2025-07-18 02:30
[Music] A federal judge will now consider an unusual recommendation from the Justice Department in one of the most closely watched cases of the last 5 years. We're learning today prosecutors want a 1day sentence for this former Louisville Police Department officer Brett Hankesen after his conviction connected to the death of Briana Taylor. Her killing one of many connected to nationwide protests in 2020.and bigger picture. This move by the DOJ may give us new insight into just how the Trump administration s ...
'They need to cheat to win': LDF head on GOP
MSNBC· 2025-07-17 17:38
What are some of the battle plans that states can begin to push back on this request by the federal government for their voter roles, for a review of their of their voting machines, uh, and to help organize communities in a way uh, to protect their right to vote. Well, states should absolutely push back on this. There is a federal law, the Help America Vote Act, Hava, that governs how elections can be administered and the types of machines that should be used.This came out of the, you know, the the 2000 ele ...
Sogeclair: Voting rights as at 2025/06/30
Globenewswire· 2025-07-17 15:35
SOGECLAIRBusiness corporation with a capital of 3 204 901 EurosHead Office: 7 avenue Albert Durand – 31700 BLAGNAC (France)Tel.: +33 (0)5.61.71.71.71 – www.sogeclair.com335 218 269 R.C.S. TOULOUSE Information concerning the total number of voting rights and shares in the share capitalSection L.233-8 II of French commercial law (“Code de commerce”) and section 223-16 of the general rules of the French Financial Markets Authority (“Règlement général de l’Autorité des Marchés Financiers”) DATETotal number o ...
X @Bloomberg
Bloomberg· 2025-07-17 14:14
Migrants at a new detention facility in the Florida Everglades filed a lawsuit claiming they have been denied access to lawyers and the courts in violation of their constitutional rights https://t.co/wfTKE3zwje ...