Labaton Sucharow Investigating F45 Training Holdings Inc. – FXLV

Rhea-AI Summary

Labaton Sucharow is investigating F45 Training Holdings Inc. (NYSE: FXLV) for potential federal securities law violations following significant developments. On July 27, 2022, FXLV shares plummeted 61.5% due to the resignation of founder and CEO Adam Gilchrist, a 45% workforce cut (110 jobs), and a drastic decrease in anticipated new franchises and studios for 2022. Investors who incurred losses can participate in the investigation.

Positive

• None.

Negative

• 61.5% drop in stock price following executive departure and layoffs.
• Reduction of workforce by 45%, impacting 110 employees.
• Significant decrease in expected new franchises and studios for 2022.

NEW YORK--(BUSINESS WIRE)-- 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727006149/en/

David J. Schwartz

(800) 321-0476

david@labaton.com

Source: Labaton Sucharow LLP

FAQ

What caused the FXLV stock drop on July 27, 2022?

The stock dropped 61.5% due to the departure of CEO Adam Gilchrist, a 45% workforce reduction, and a cut in expected new franchises.

What are the implications of Labaton Sucharow's investigation on FXLV?

The investigation may impact investor confidence and further affect FXLV's stock performance, especially considering the recent significant losses.

How many employees were laid off by F45 Training?

F45 Training Holdings Inc. laid off 110 employees, representing a 45% reduction in its workforce.

What should FXLV shareholders know about the investigation?

Shareholders who suffered losses due to the recent stock drop may participate in the investigation into potential securities law violations.