Labaton Sucharow Investigating F45 Training Holdings Inc. - FXLV

Rhea-AI Summary

Labaton Sucharow is investigating F45 Training Holdings Inc. (NYSE:FXLV) for potential violations of federal securities laws following a significant drop in share price. On July 27, 2022, F45's shares plummeted by 61.5% due to the announcement of CEO Adam Gilchrist’s departure, a 45% workforce reduction involving 110 layoffs, and a drastic cut in expected new franchises and studios for 2022. Shareholders who incurred losses are encouraged to participate in the investigation to protect their investments.

Positive

• Potential for shareholder participation to recover losses through legal investigation.

Negative

• 61.5% drop in share price following CEO departure.
• 45% workforce reduction resulting in 110 layoffs.
• Significant cut in projected new franchises and studios for 2022.

NEW YORK, NY / ACCESSWIRE / August 24, 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/713333/Labaton-Sucharow-Investigating-F45-Training-Holdings-Inc--FXLV

FAQ

What caused the drop in F45 Training Holdings Inc. stock price on July 27, 2022?

The stock price dropped 61.5% due to the announcement of CEO Adam Gilchrist's departure, a workforce reduction of 45%, and cuts in the number of new franchises expected in 2022.

What legal action is Labaton Sucharow taking regarding F45 Training Holdings Inc.?

Labaton Sucharow is investigating F45 Training Holdings Inc. for potential violations of federal securities laws and inviting shareholders who suffered losses to participate.

How many employees were laid off at F45 Training Holdings Inc.?

F45 Training Holdings Inc. announced a workforce reduction of 45%, resulting in approximately 110 layoffs.

What is the stock symbol for F45 Training Holdings Inc.?

The stock symbol for F45 Training Holdings Inc. is FXLV.

What are the implications of the investigation by Labaton Sucharow for F45 shareholders?

The investigation may provide F45 shareholders an opportunity to recover losses incurred due to the company's recent operational changes and stock price drop.