FTRE Investors Have Opportunity to Lead Fortrea Holdings Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Fortrea Holdings Inc. ('Fortrea' or 'the Company') (NASDAQ: FTRE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between July 3, 2023 and February 28, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before August 1, 2025.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Fortrea overestimated the potential revenue contributions of projects initiated prior to its spinoff from Labcorp Holdings Inc. The Company overstated the cost savings it could potentially enjoy by exiting transition services agreements ('TSAs'). The Company's EBITDA targets were inflated due to these factors. The viability of the Company's business model as well as its financial prospected were overstated. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Fortrea, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
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