Fortrea Holdings Inc., a company once seen as a promising player in its industry, now finds itself embroiled in a significant legal battle. A class action lawsuit has been filed against the company, alleging that it misled investors about its financial health and future prospects. The lawsuit claims that between July 3, 2023, and February 28, 2025, Fortrea made false statements and concealed critical information, leading to inflated expectations about its revenue and cost savings. Specifically, the complaint accuses Fortrea of overstating the revenue potential of its long-term projects and the cost savings from exiting certain agreements, thus painting an overly optimistic picture of its 2025 earnings targets. These alleged misrepresentations have cast doubt on the viability of Fortrea’s business model post-spin-off, leaving shareholders feeling deceived.
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For those who invested in Fortrea during the specified period and suffered losses, there is an opportunity to seek recovery. Investors are encouraged to visit the provided link to understand their rights and the steps they can take to participate in the lawsuit. Importantly, there is no cost or obligation to join the action.
The law firm Levi & Korsinsky, LLP, known for its expertise in securities litigation, is spearheading this case. With a strong track record of securing substantial recoveries for shareholders, the firm is well-equipped to handle this complex litigation. Investors affected by Fortrea’s alleged misconduct are urged to act promptly to explore their legal options.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171