Award Winning Firm Labaton Sucharow Investigating F45 Training Holdings Inc. - FXLV

Rhea-AI Summary

Labaton Sucharow has initiated an investigation into F45 Training Holdings Inc. (FXLV) for potential violations of federal securities laws. The investigation follows a significant event on July 27, 2022, when F45's shares plummeted by 61.5% due to the announcement of the departure of CEO Adam Gilchrist, a 45% workforce reduction (approximately 110 layoffs), and a drastic cut in expected new franchises and studios for the year. Investors who have suffered losses are encouraged to reach out for assistance.

Positive

• Labaton Sucharow's investigation may lead to shareholder protections and legal recourse.

Negative

• F45's share price dropped 61.5%, indicating a severe loss of investor confidence.
• The departure of CEO Adam Gilchrist raises concerns about company leadership.
• A 45% workforce reduction (110 layoffs) could impact operational effectiveness and morale.
• The company significantly decreased the number of new franchises and studios planned for 2022, indicating potential growth issues.

NEW YORK, NY / ACCESSWIRE / November 17, 2022 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating F45 Training Holdings Inc. ("F45" or the "Company") (NYSE:FXLV) for potential violations of the federal securities laws.

On July 27, 2022, F45 Training Holdings Inc. shares dropped 61.5% after the company announced the departure of its chief executive and founder Adam Gilchrist; a 45% workforce reduction, equal to 110 layoffs; and a sharp reduction in the number of new franchises and studios expected in 2022.

If you currently own stock or options in F45 Training Holdings Inc. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.

CONTACT:

David J. Schwartz
(800) 321-0476
david@labaton.com

SOURCE: Labaton Sucharow LLP

View source version on accesswire.com:
https://www.accesswire.com/726681/Award-Winning-Firm-Labaton-Sucharow-Investigating-F45-Training-Holdings-Inc--FXLV

FAQ

What led to the investigation of F45 Training Holdings Inc. (FXLV) by Labaton Sucharow?

The investigation was prompted by significant drops in F45's stock price after the announcement of leadership changes, layoffs, and reduced franchise expectations.

How much did F45's stock drop on July 27, 2022?

F45's stock price dropped by 61.5% on July 27, 2022.

What were the main reasons for F45's share price decline?

Main reasons for the decline included the departure of CEO Adam Gilchrist, a 45% workforce reduction, and a reduction in new franchises and studios.

What should investors in F45 Training Holdings Inc. (FXLV) do if they suffered losses?

Investors should contact Labaton Sucharow for potential legal assistance and to protect their investments.