An investigation on behalf of current long term investors in F45 Training Holdings Inc. (NYSE:FXLV) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:FXLV stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/21/2023 -- An investigation on behalf of current long-term investors in shares of F45 Training Holdings Inc. (NYSE: FXLV) concerning potential breaches of fiduciary duties by certain directors and officers of F45 Training Holdings Inc. was announced.
Investors who are current long term investors in F45 Training Holdings Inc. (NYSE: FXLV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: FXLV stocks follows a lawsuit filed against F45 Training Holdings Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: FXLV stocks, concerns whether certain F45 Training Holdings Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Western District of Texas the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that F45 Training Holdings' rapid growth strategy was unsustainable, reliant on franchisees opening multiple locations in a short period of time and/or dependent on franchisees who required near 100% financing of their operations in order to open for business, a model that was, at the time of the July 2021 IPO, unsustainable.
Those who purchased shares of F45 Training Holdings Inc. (NYSE: FXLV) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.