Los Angeles, California--(Newsfile Corp. - December 13, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against F45 Training Holdings Inc. ("F45" or "the Company") (NYSE: FXLV) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted on July 16, 2021 (the "IPO") are encouraged to contact the firm before February 6, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. F45 promised "Predictable, Asset-Light Model Driving Rapid Growth," during the leadup to its July 2021 IPO. One year later, the Company disclosed in a July 26, 2022, press release that it had drastically reduced its financial guidance, planned to open approximately 60% fewer exercise facilities, was laying off employees, and that CEO Adam Gilchrist had resigned. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about F45, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147849
