Philadelphia, February 22, 2024 /PRNewswire/ — Nationally recognized law firm Berger Montague PC has filed a lawsuit against Xponential Fitness, Inc. (“Xponential”) (NYSE: XPOF) on behalf of purchasers of Xponential securities. Investors were notified of this. while July 26, 2021 and December 7, 2023(“Class Period”).
Investors who suffered losses on their investments in Xponential (NYSE: XPOF) should click the link below to learn more about the lawsuit.
click here To learn more about the lawsuit.
Investors who purchased or acquired Xponential securities during the Class Period must purchase or acquire Xponential securities at the latest by April 9, 2024seeks to be appointed as lead class plaintiff representative.
According to the complaint, during the Class Period, Defendants made false and/or misleading statements and/or specifically failed to disclose that: (i) Xponential has permanently closed at least 30 stores; (ii) Xponential’s reported same-store sales and average sales volume metrics were misstated by excluding underperforming stores; (iii) 8 of his 10 Xponential brands were losing money every month. (iv) over 100 of Xponential’s franchises were sold for at least 75% less than their initial cost;
upon June 26, 2023Fuzzy Panda has published a report stating, among other things: (i) Xponential CEO Anthony Geisler It has a long history of misleading investors. (ii) Xponential has made a series of misleading statements regarding store closures and the overall financial health of its franchisees; (iii) his 50% or more of Xponential’s studios have never had positive financial returns; (iv) over 100 of his Xponential franchises were sold for at least 75% less than their initial cost; (v) at least 30 Xponential stores have been permanently closed;
Following this news, the price of Xponential common stock fell more than 37% from its closing price. $25.11 per share June 26, 2023 until the end of $15.72 upon June 27thdecrease in $9.39 per share.
after that, December 7th,2023, business week Published an article titled “Club Pilates, Pure Bar Owner Says Xponential is Bankrupt” and states: business week interviewed dozens of former Xponential business partners, employees, and franchisees and found that Xponential was misleading many franchisees into a “financial nightmare.”
Following this news, the price of Xponential common stock fell more than 26% in two business days.
For additional information or to join this litigation, please contact us below. Berger Montagu: james mallo in [email protected] or (267) 637-3176, or andrew abramowicz in [email protected] or (215) 875-3015 or click here.
A lead plaintiff is a representative party acting on behalf of the entire class in directing a class action. The lead plaintiff is usually an investor or a small group of investors with the greatest economic interest and who is relevant and representative of the proposed investor class. The lead plaintiff will select attorneys to represent the lead plaintiff and the class, and if approved by the court, those attorneys will become lead or class counsel. However, your ability to participate in the recovery is not affected by your decision to serve as lead plaintiff. You do not need to contact an attorney to participate or share in the recovery achieved in this case. A purported class member may petition the court to serve as lead plaintiff through an attorney of his or her choice, or he or she may choose to do nothing and not act as a class member.
Berger Montaguset up an office in Philadelphia, minneapolis, Delaware, Washington DC, san diego, San Francisco and Chicagois a pioneer. securities class action lawsuit Since its establishment in 1970. Berger Montagu He has represented individual and institutional investors for more than 50 years and serves as lead counsel in court. US.
contact address:
james MaloSenior Advisor
Berger Montagu
(267) 637-3176
[email protected]
andrew abramowiczSenior Advisor
Berger Montagu
(215) 875-3015
[email protected]
sauce Berger Montagu
