F45 Training Class Action Lawsuit FXLV | Deadline February 6, 2023
F45 Training Class Action Lawsuit (FXLV Lawsuit)
Levi & Korsinsky, LLP announces that an FXLV class action lawsuit (F45 Training Class Action Lawsuit) has been filed on behalf of investors who purchased F45 Training Holdings Inc. (FXLV). 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.
For more on the FXLV Lawsuit, please contact us today.
According to the F45 Training lawsuit, throughout the Class Period defendants made 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.
To learn more about the FXLV lawsuit, contact us today.
If you suffered a loss in F45 Training you have until February 6, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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Other Class Action Cases have deadlines ending soon. Here is the most up-to-date list.
F45 Training Class Action Lawsuit,
F45 Training Class Action,
F45 Training Lawsuit,
FXLV Class Action Lawsuit,
FXLV Class Action,