On May 23, 2025, a securities class action lawsuit was filed against Fortrea Holdings Inc., alleging violations of federal securities laws. The lawsuit claims that the company made materially false and/or misleading statements to investors.
Specifically, the plaintiff alleges that Fortrea overestimated the revenue contributions from pre-spin projects and overstated the cost savings expected from exiting transition services agreements (TSAs). These alleged misrepresentations led to inflated EBITDA targets for 2025.
The complaint further asserts that the viability of Fortrea's post-spin-off business model and its financial prospects were overstated, and that the company's public statements were materially false and misleading. This legal action introduces significant legal and financial uncertainty for Fortrea.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.