nential Fitness, Inc. (“Xponential” or “the Company”) (NYSE: XPOF) securities between November 10, 2021 and November 22, 2021, inclusive (the “Class Period”).
The class action lawsuit alleges that Xponential Fitness and its officers made false and/or misleading statements and/or failed to disclose that: (1) the Company’s studios were already facing operational challenges and financial difficulties prior to the COVID-19 pandemic; (2) the Company’s financial performance was being adversely impacted by declining studio-level revenue and membership attrition; (3) the Company was relying on stand-in CEO and board member Michael Abramson to manage the Company’s operations in lieu of a proper CEO, thereby exposing the Company to serious operational and financial risks; (4) the Company’s entire “growth” narrative was materially false and misleading, as the Company was already experiencing declining financial performance even prior to the addition of new studios; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/xpof.
If you suffered a loss in Xponential Fitness you have until February 28, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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COPYRIGHT 2021 Gale Goup
The lawsuit alleges that Xponential Fitness, Inc. and its officers failed to disclose the company’s financial challenges prior to the COVID-19 pandemic and made false and misleading statements. The lawsuit seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Xponential Fitness, Inc. securities between November 10, 2021 and November 22, 2021.
For more information and to request to be appointed as lead plaintiff, please visit http://www.bgandg.com/xpof.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique with expertise in pursuing litigation claims on behalf of clients. The firm also specializes in general corporate and commercial litigation, as well as securities arbitration.
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