Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Fortrea Holdings, Inc. (NASDAQ: FTRE) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to the dates listed below may have standing to seek corporate governance reforms focused on executive oversight, the return of funds to the Company, and a court-approved incentive award, at no cost to them.

If you purchased Fortrea Holdings shares prior to July 3, 2023 and continue to hold shares today, you may have standing to seek corporate governance reforms focused on executive oversight at Fortrea.

To learn more, contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471.Complaint Allegations
A previously filed securities class action complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose that: (1) Fortrea overestimated the amount of revenue the Pre-Spin Projects were likely to contribute to the Company’s 2025 earnings; (2) Fortrea overstated the cost savings it would achieve by exiting transition services agreements entered into in connection with its spin-off from Labcorp; (3) as a result, the Company’s previously announced 2025 EBITDA targets were inflated; (4) accordingly, the viability of Fortrea’s post-spin-off business model and financial prospects were overstated; and (5) as a result, the Company’s public statements were materially false and misleading when made.