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FXLV Investors Have Opportunity to Lead F45 Training Holdings Inc. Securities Fraud Lawsuit
February 01, 2023 12:23 PM EST | Source: Glancy Prongay & Murray LLP
Los Angeles, California--(Newsfile Corp. - February 1, 2023) - Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against F45 Training Holdings Inc. ("F45" or the "Company") (NYSE: FXLV).
Class Period: July 2021 IPO
Lead Plaintiff Deadline: February 6, 2023
If you wish to serve as lead plaintiff of the F45 lawsuit, you can submit your contact information at www.glancylaw.com/cases/f45-training-holdings-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that F45's rapid growth strategy was unsustainable, reliant on, inter alia, franchisees opening multiple locations in a short period of time and/or dependent on franchisees who required near 100% financing of their operations in order to open for business, a model that was unsustainable.
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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. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. 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
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153214