We combine large firm expertise with small firm attention. Our clients can expect the best results and the most personal experience.
F45 Training is facing a class action lawsuit alleging that the Company made 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.
If you incurred a loss on FXLV common stock purchased pursuant and/or traceable to the documents issued in connection with the Company's July 16, 2021 initial public offering, this lawsuit is on your behalf. The lawsuit was filed in the United States District Court for the Western District of Texas, and our firm is reaching out to investors to discuss their legal rights.
If you wish to act as a representative of the shareholders harmed by this misconduct, you may ask the court to appoint you as lead plaintiff. A lead plaintiff directs the litigation and participates in important decisions, including whether to accept a settlement for the class in the action.
You only have until February 6, 2023 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
See If you Qualify for Monetary Reward
Loss Submission Form