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

Rhea-AI Summary

Labaton Sucharow, an acclaimed shareholder rights law firm, is investigating F45 Training Holdings Inc. (NYSE:FXLV) for potential violations of federal securities laws. This follows a significant decline in share price of 61.5% after the announcement on July 27, 2022, regarding the departure of CEO Adam Gilchrist, a 45% workforce reduction (110 layoffs), and a notable decrease in new franchises expected in 2022. Shareholders who suffered losses are encouraged to participate in the investigation for potential recovery.

Positive

• Investigation may lead to potential recovery for shareholders.
• Labaton Sucharow is recognized for its expertise in shareholder rights litigation.

Negative

• 61.5% drop in share price following significant company announcements.
• 45% workforce reduction leading to 110 layoffs.
• Sharp decrease in expected new franchises and studios for 2022.

NEW YORK, NY / ACCESSWIRE / November 2, 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/723514/Award-Winning-Firm-Labaton-Sucharow-Investigating-F45-Training-Holdings-Inc--FXLV

FAQ

What are the reasons for F45 Training Holdings Inc. (FXLV) stock drop?

The stock dropped 61.5% due to the departure of CEO Adam Gilchrist, a significant reduction in workforce, and a decrease in expected new franchises.

Who is investigating F45 Training Holdings Inc. (FXLV)?

Labaton Sucharow, a nationally ranked shareholder rights law firm, is conducting the investigation.

What should investors in F45 Training Holdings Inc. (FXLV) do after the stock drop?

Investors are encouraged to participate in the investigation for potential recovery of losses.

What impact did the workforce reduction have on F45 Training Holdings Inc. (FXLV)?

The workforce reduction of 45% resulted in 110 layoffs, likely affecting the company's operations and market confidence.

When did the significant stock drop for F45 Training Holdings Inc. (FXLV) occur?

The significant stock drop occurred on July 27, 2022.