NEW ORLEANS, March 5, 2024 (GLOBE NEWSWIRE) — Kern Swick & Foti LLC (“KSF”) and KSF Partner, former Louisiana Attorney General Charles C. Foti Jr., announce to investors: April 9, 2024 Xponential Fitness, Inc. (NYSE: File a motion for lead plaintiff in a class action lawsuit. ). The lawsuit is pending in the United States District Court for the Central District of 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. Contact us toll-free at 1-877-515-1850, email [email protected], or visit https://www.ksfcounsel.com/cases/nyse-xpof/ for more information. Please check. 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.
In a report dated December 7, 2023, 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.” Tactics to pursue growth with all its might and aggressive retaliation 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 this news, Xponential’s stock price fell more than 26% in two trading days on heavy trading volume, closing at less than $9 per share on 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, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading specialized 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 arising from corporate fraud and misconduct by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, and New Jersey.
For more information about KSF, please visit www.ksfcounsel.com.
contact:
Kahn Swick & Foti LLC
Louis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
