NEW
YORK, Jan. 27, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of F45 Training Holdings Inc.
(NYSE: FXLV).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/f45-training-holdings-inc-loss-submission-form/?id=35962&from=4
This lawsuit is on behalf of all persons and entities that
purchased or otherwise acquired the common stock of F45 pursuant
and/or traceable to documents issued in connection with the
Company's July 16, 2021 initial
public offering.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
February 6, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, F45 Training Holdings Inc.
issued materially false and/or misleading statements and/or failed
to disclose that: 1) F45 Training could not maintain new franchise
growth because it was offering more favorable payment terms to
multi-unit franchisees; 2) F45 Training's lackluster pace of growth
was also accompanied by a massive and unsustainable increase in F45
Training's accounts receivable and a similar, and equally
unsustainable, decrease in its cash and cash equivalents; and 3)
these practices were not sustainable at the time of the initial
public offering, and when F45 Training could no longer sustain this
defective business model, its growth rate and revenue
plummeted.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law