NEW YORK–(BUSINESS WIRE)–Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating F45 Training Holdings Inc. (“F45” or the “Company”) (NYSE: FXLV) for potential violations of the federal securities laws.
On July 27, 2022, F45 Training Holdings Inc. shares dropped 61.5% after the company announced the departure of its chief executive and founder Adam Gilchrist; a 45% workforce reduction, equal to 110 layoffs; and a sharp reduction in the number of new franchises and studios expected in 2022.
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Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
David J. Schwartz