Trending...
- New Anthology Release by Dark Moon Books: HORROR LIBRARY, VOLUME 9 - 101
- CES Spotlight Highlights Need for Strategic Review as Throughput Demands Evolve
- ASR Media, Social T Marketing & PR Announce Merger
LOS ANGELES, July 11, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Fortrea Holdings Inc. ("Fortrea" or the "Company") (NASDAQ: https://www.prnewswire.com/news-releases/#finan..." rel="nofollow">FTRE) have opportunity to lead the securities fraud class action lawsuit.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FORTREA HOLDINGS INC. (FTRE), CLICK HERE BEFORE AUGUST 1, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between July 3, 2023 and February 28, 2025, Defendants failed to disclose to investors that: (1) Fortrea overestimated the amount of revenue the Pre-Spin Projects were likely to contribute to the Company's 2025 earnings; (2) Fortrea overstated the cost savings it would likely achieve by exiting the TSAs; (3) as a result, the Company's previously announced EBITDA targets for 2025 were inflated; (4) accordingly, the viability of the Company's post-Spin-Off business model, as well as its business and/or financial prospects, were overstated; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
More on The Californer
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FORTREA HOLDINGS INC. (FTRE), CLICK HERE BEFORE AUGUST 1, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between July 3, 2023 and February 28, 2025, Defendants failed to disclose to investors that: (1) Fortrea overestimated the amount of revenue the Pre-Spin Projects were likely to contribute to the Company's 2025 earnings; (2) Fortrea overstated the cost savings it would likely achieve by exiting the TSAs; (3) as a result, the Company's previously announced EBITDA targets for 2025 were inflated; (4) accordingly, the viability of the Company's post-Spin-Off business model, as well as its business and/or financial prospects, were overstated; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
More on The Californer
- UK Financial Ltd Announces CoinMarketCap Supply Verification And Market Positioning Review For Regulated Security Tokens SMPRA And SMCAT
- California: Governor Newsom announces appointments 1.16.2026
- Pickleball Individual Player Rating (PIPR) Available Worldwide for Players and Instructors
- Sharpe Automotive Redefines Local Car Care with "Transparency-First" Service Model in Santee
- California: Governor Newsom Issues Proclamation Declaring Special Election for CA Congressional District 1
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
Filed Under: Business
0 Comments
Latest on The Californer
- SKIP, SKIP, HOORAY! Independent Publisher Crane Books Introduces Julia and the S.K.I.P. Movement—A Joyful Call to Show Kindness In Person
- California reduces theft of food and cash benefits by 83% with state-of-the-art technology
- One Drop Inspired Reggae Album & E-Book "You Got The Key" Delivers Message of Inner Power & Purpose
- California: TOMORROW: Governor Newsom and Mayor Lurie to announce new funding for homelessness and mental health efforts in San Francisco
- California: Governor Newsom Proclaims Dr. Martin Luther King, Jr. Day 2026
- City of Long Beach Health Department Advises Against Consuming Wild, Foraged Mushrooms
- Gold Viddy Award Honors Voices for Humanity Episode on Education Reform in Ghana
- Ship Overseas Inc Launches New Customer Transparency Initiative
- California's water resilience strategy shows major progress after winter storms: state out of drought, according to U.S. Drought Monitor
- Nationwide U.S. Self-Storage Facility Directory Launches with 50,000+ Listings
- Graduation Video Receives Major Award on Behalf of the Tri-Counties HRCC Program
- Glossa Launches Activity History for Complete Requirements Auditability
- BOOST Conference Announces Keynote Speaker Baratunde Thurston, Learning Opportunities for Educators
- Secondesk Launches Powerful AI Tutor That Speaks 20+ Languages
- Automation, innovation in healthcare processes featured at international conference in Atlanta
- A High-Velocity Growth Story Emerges in Marine and Luxury Markets
- $26 Billion Global Market by 2035 for Digital Assets Opens Major Potential for Currency Tech Company with ATM Expansion and Deployment Plans Underway
- Elklook Launches The "Magnetic Glasses Toppers" Collection
- Peernovation 365 is Now Available
- If You Want to Understand Me, Understand This First