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 significant stock declines. On July 27, 2022, shares plummeted by 61.5% due to the CEO's departure, a 45% workforce reduction (110 layoffs), and a forecasted drop in new franchises. This investigation aims to protect the interests of affected shareholders. Those with losses in F45 stock or options can seek assistance from Labaton Sucharow.

Positive

• None.

Negative

• 61.5% drop in stock price following leadership change.
• 45% workforce reduction resulting in 110 layoffs.
• Negative outlook on new franchises and studios for 2022.

NEW YORK, NY / ACCESSWIRE / September 20, 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/716724/Labaton-Sucharow-Investigating-F45-Training-Holdings-Inc--FXLV

FAQ

What recent events have affected F45 Training Holdings Inc. (FXLV) stock?

F45 Training Holdings Inc. experienced a 61.5% stock drop after the CEO's departure and a significant workforce reduction.

What is the nature of the investigation by Labaton Sucharow regarding F45 Training Holdings?

The investigation focuses on potential violations of federal securities laws connected to the company's recent operational changes.

How many employees were laid off at F45 Training Holdings?

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

What financial impact did the departure of F45's CEO have?

The departure led to a 61.5% decline in F45's stock price, reflecting investor concerns.

What can shareholders of F45 Training Holdings do if they incurred losses?

Shareholders can contact Labaton Sucharow for assistance in protecting their investments.