new orleans, March 1, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Partners, former Attorney General louisiana, Charles C. Foti Jr.We remind investors that there is a deadline until . April 9, 2024 If Xponential Fitness, Inc. (NYSE: XPOF) purchases our publicly traded Class A stock, we will file a lead plaintiff petition in a securities class action lawsuit against Xponential Fitness, Inc. (NYSE: XPOF). July 26, 2021 and December 7, 2023(“Class Period”).This action is pending US Central District Court California.
what you can do
If you have purchased Xponential Fitness shares as described above and would like to discuss your legal rights and how this may affect you and your right to recover any financial losses, please contact us without obligation or cost. You can contact Lewis Kahn, KSF Managing Partner, at no cost to you. Toll free 1-877-515-1850 or email ([email protected]), please visit https://www.ksfcounsel.com/cases/nyse-xpof/ for more information. If you wish to serve as lead plaintiff in this class action lawsuit, you must petition the court as follows: April 9, 2024.
About the lawsuit
Xponential Fitness and certain of its executives have been charged with violating federal securities laws and failing to disclose material information during the Class Period.
upon December 7, 2023Report by bloomberg businessweek Based on interviews with dozens of former business partners, employees and franchisees, it highlights the company’s many problems, including how the company left many franchisees in a “financial nightmare”; The company’s CEO also revealed that the company “has a track record of proactive management.” A strategy that aggressively pursues growth and aggressive retribution against those who stand in its way,” and goes on to say that as a result of these unscrupulous tactics, “many of the company’s franchisees have been declared bankrupt or lost their jobs after retirement. I lost my savings.”
Following the news, Xponential’s stock price fell more than 26% in two business days due to heavy trading volume. $9 per share December 11, 2023.
The case is City of Taylor General Employee Retirement System v. Xponential Fitness, Inc. No. 24-cv-00285.
About Kahn Swick & Foti LLC
KSF, its partners include louisiana attorney general Charles C. Foti Jr.is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients, including public sector investors, hedge funds, asset managers, and individual investors seeking to recover investment losses incurred by companies. scam or fraud by a listed company. KSF has offices at new york, Delaware, California, louisiana and new jersey.
For more information about KSF, please visit www.ksfcounsel.com.
contact:
Kahn Swick & Foti LLC
Louis Kahnexecutive employee
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
new orleans louisiana 70163
Source: KAHN SWICK & FOTI LLC
