FTRE SHAREHOLDER ALERT: Suffer Losses on Fortrea Holdings Inc.? Contact BFA Law by August 1 Securities Fraud Class Action Deadline (NASDAQ:FTRE)
If you invested in Fortrea you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/fortrea-holdings-inc-class-action-lawsuit.
Investors have until August 1, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Fortrea securities. The case is pending in the U.S. District Court for the Southern District of New York and is captioned Deslande v. Fortrea Holdings Inc., et al., No. 1:25-cv-04630.
Why was Fortrea Sued for Securities Fraud?
Fortrea is a global contract research organization that provides biopharmaceutical product and medical device development solutions. In June 2023, Fortrea was spun off into a standalone, publicly traded company by Labcorp Holdings Inc. ('Labcorp'). In connection with the spin-off, Fortrea entered into several transition services agreements (the 'TSAs'), pursuant to which it agreed to pay Labcorp for certain transitional services over a set period.
As alleged, Fortrea discussed the significant cost savings and margin improvements that would result from exiting the TSAs. In truth, Fortrea overstated the cost savings and margin improvement it would achieve by exiting the TSAs, as well as the amount of revenue it would generate from pre-spin projects.
The Stock Declines as the Truth is Revealed
On September 25, 2024, investment bank Jefferies published a report stating that the cost savings Fortrea would achieve from exiting the TSAs were '[n]ot as [m]aterial as [o]ne [m]ight [t]hink.' On this news, the price of Fortrea stock declined $2.73 per share, or over 12%, from a closing price of $22.21 per share on September 24, 2024, to $19.48 per share on September 25, 2024.
Then, on March 3, 2025, Fortrea announced disappointing Q4 and full year 2024 financial results, revealing that the company's pre-spin projects 'have less revenue and less profitability than expected for 2025' and that 'post-spin work is not coming on fast enough to offset the pre-spin contract economics.' On this news, the price of Fortrea stock declined $3.47 per share, or over 25%, from a closing price of $13.85 per share on February 28, 2025, to $10.38 per share on March 3, 2025, the next trading day.
Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/fortrea-holdings-inc-class-action-lawsuit.
What Can You Do?
If you invested in Fortrea you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit your information by visiting:
https://www.bfalaw.com/cases-investigations/fortrea-holdings-inc-class-action-lawsuit
Or contact:
Ross Shikowitz
[email protected]
212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/fortrea-holdings-inc-class-action-lawsuit
Attorney advertising. Past results do not guarantee future outcomes.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Patterson-UTI (PTEN): Among the Best Oil and Gas Stocks for Dividend Income
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now. A drilling site in the wilds of nature, highlighting the company's commitment to exploration. Following its 2023 acquisition of Nextier, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has emerged as a dominant player in US drilling and completions, boasting the country's largest pressure pumping fleet. The company returned $51 million to shareholders in the first quarter of 2025, including $20 million for share repurchases. PTEN also declared a quarterly dividend of $0.08 per share in April and offers an attractive annual dividend yield of 5.37% as of the writing of this piece. Over the 18 months from September 30, 2023, through March 31, 2025, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) used approximately $387 million to repurchase shares and reduced its share count by 8%. The company still has $741 million in remaining share repurchase authorization as of the end of the first quarter of 2025. PTEN revealed in its investor presentation last month that it has a target to return at least 50% of this adjusted free cash flow to shareholders, supported by a strong capital structure with no senior note maturities until 2028. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries. While we acknowledge the potential of PTEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 minutes ago
- Yahoo
The Best $250 You Can Spend on Retirement Planning Before the End of 2025
Do you feel like you're grappling in the dark when it comes to retirement planning but aren't sure where to turn or if you should spend money to get those plans in order? If you have even a few hundred dollars, there are a few ways you can use that money to make a significant difference in your retirement goals. Be Aware: Read Next: Christopher Stroup, a CFP and owner of Silicon Beach Financial, offered tips on the best $250 or less you can spend on your retirement planning before this year is up to feel confident in where you're going. An Hour With a Fiduciary Advisor If you only have a couple hundred dollars to spend, Stroup recommended you spend it on a one-time planning session with a fiduciary advisor who specializes in retirement planning. 'A targeted session can identify overlooked tax strategies, prioritize savings vehicles and help avoid costly missteps,' he explained. Even just a single hour of personalized advice can provide more clarity than weeks of online research, especially for entrepreneurs or tech professionals navigating equity, cash flow and multiple income sources, he said. 'Look for advisors who offer project-based or hourly services and focus on tax strategy, Social Security and withdrawal planning,' he said. You should come away from a one-time session 'with clarity, not a sales pitch.' Learn More: A Social Security Timing Analysis Another great way to spend a few hundred dollars is to get a Social Security timing analysis, Stroup said. 'For under $250, you can model break-even ages, spousal benefits and the impact of delaying benefits.' This analysis is important because this single decision can mean tens of thousands more over your lifetime, especially for dual-income households or individuals with uneven earnings histories, Stroup explained. Strategic Tax Planning If you feel you have more questions for a fiduciary advisor than can be summed up in an hour, consider focusing the session around strategic tax planning, Stroup urged. This can help you avoid future Medicare surcharges, minimize required minimum withdrawal (RMD) taxes and better time Roth conversions. 'A well-timed projection can reveal opportunities that disappear at retirement or when tax brackets shift. Spending a few hundred now can prevent five-figure tax mistakes later.' Invest In Planning Tools, but Be Cautious For a low annual cost, tools like Boldin's retirement planning tool allow users to stress-test income scenarios, Social Security timing, Roth conversions and healthcare costs, Stroup said. Retirement planning tools that map out your income, expenses and drawdown strategy can be useful. They can also help you understand your 'burn rate' and how to sequence withdrawals to prevent common missteps that derail early retirement plans. However, Stroup warned that the simpler, more DIY tools can make it too easy to 'underestimate taxes on withdrawals, mistime Social Security or hold too much in cash or high-fee funds.' Thus, a small investment in expert guidance or advanced planning software can flag these risks early before they compound over decades. More From GOBankingRates How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on The Best $250 You Can Spend on Retirement Planning Before the End of 2025 Sign in to access your portfolio
Yahoo
8 minutes ago
- Yahoo
Over 5.2 million pools sold across the U.S. and Canada are under recall after reports of nine deaths
NEW YORK (AP) — More than 5.2 million aboveground swimming pools sold across the U.S. and Canada over the last two decades are being recalled after nine drowning deaths were reported. The recall covers a range of Bestway, Intex Recreation and Polygroup pools that were sold by major retailers as far back as 2002. According to Monday notices published by the U.S. Consumer Product Safety Commission and Health Canada, these pools have compression straps running along the outside of the product — which 'may create a foothold' for small children and allow them to access the water unattended. That can pose a serious drowning risk, the safety regulatory warn. To date, the CPSC believes nine children across the U.S. have drowned after gaining access to these now-recalled pools in this way. Those deaths occurred between 2007 and 2022, involving children between the ages of 22 months and 3 years old. No additional fatalities have been reported in Canada. Consumers in possession of these pools are urged to immediately contact Bestway, Intex and/or Polygroup to receive a free repair kit — which will consist of a rope to replace the compression strap. Owners of these pools should otherwise ensure that small children cannot access the pool without supervision, regulators note — and could alternatively drain the pool until the repair is made. All of the pools being recalled are 48 inches or taller — and can be identified by brand and model names listed on both the CPSC and Health Canada's recall notices. Sales of the pools ranged by model and location, but date as far back to 2002 and as recently as 2025. About 5 million of these now-recalled pools were sold across the U.S. — including both online and in-stores at major retailers like Walmart, Target, Lowe's, Costco and Amazon. Another 266,000 were sold in Canada. The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
