Securities Fraud Investigation Into Fortrea Holdings Inc. (FTRE) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into Fortrea Holdings Inc. (FTRE) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Fortrea Holdings Inc. (“Fortrea” or the “Company”) (NASDAQ: FTRE) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON FORTREA HOLDINGS INC. (FTRE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On March 3, 2025, Fortrea released its fourth quarter and full year 2024 financial results, revealing that projects from before the Company’s spin-off from LabCorp are “late in their life cycle 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.” The Company further revealed this “older versus newer mix issue will continue to negatively impact [the Company’s] financial performance during 2025.”
On this news, Fortrea’s stock price fell $3.47, or 25.1%, to close at $10.38 per share on March 3, 2025, thereby injuring investors.
Then, on May 12, 2025, Fortrea released its first quarter 2025 financial results, reporting a non-cash goodwill impairment charge of $488.8 million. Additionally, the Company announced that its CEO “is stepping down from his role.”
On this news, Fortrea’s stock price fell as much as 14% during intraday trading on May 12, 2025, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Fortrea securities, have information or would like to learn more about these claims, or 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,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
