Class Action Filed: Fortrea Holdings Inc. Investors with Losses Urged to Contact Johnson Fistel

SAN DIEGO, June 11, 2025 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, PLLP announces that a class action lawsuit has commenced on behalf of investors of Fortrea Holdings Inc. (NASDAQ: FTRE). The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Fortrea overestimated the amount of revenue the Pre-Spin Projects were likely to contribute to the Company’s 2025 earnings; (ii) Fortrea overstated the cost savings it would likely achieve by exiting the TSAs; (iii) as a result, the Company’s previously announced EBITDA targets for 2025 were inflated; (iv) accordingly, the viability of the Company’s post-Spin-Off business model, as well as its business and/or financial prospects, were overstated; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Source: https://www.globenewswire.com/news-release/2025/06/12/3098010/0/en/Class-Action-Filed-Fortrea-Holdings-Inc-Investors-with-Losses-Urged-to-Contact-Johnson-Fistel.html