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Fortrea Investigation Initiated By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Fortrea Holdings, Inc. - FTRE

Fortrea Holdings Inc. (FTRE) 
Company Research Source: Business Wire
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Fortrea Holdings, Inc. (NasdaqGS: FTRE).In June 2023, Fortrea was spun off into a standalone, publicly traded company by Labcorp Holdings Inc. In connection with the spin-off, the Company entered into several transition services agreements, pursuant to which it agreed to pay Labcorp for certain transitional services over a set period. On March 3, 2025, the Company announced disappointing Q4 and full year 2024 financial results, disclosing that it had missed its previously announced guidance for revenue and adjusted EBITDA for the full year 2024 and that the company’s pre-spin projects “have less revenue and less profitability than expected for 2025” and that “post-spin work is not coming on fast enough to offset the pre-spin contract economics.”Thereafter, Show less Read more
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