Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Jan. 26, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Planet Fitness, Inc. (“Planet Fitness” or “the Company”) (NYSE: PLNT) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Planet Fitness investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Bear Cave, a market analyst, published a report on January 19, 2023, titled "Problems at Planet Fitness." The report claimed that Planet Fitness had provided inaccurate information on market saturation during an investor presentation, and that they had a standard practice of overbilling and hindering members from canceling their memberships, leading to multiple lawsuits. The Bear Cave questioned whether Planet Fitness was a legitimate gym franchise or an illegal billing operation with gyms on the side. Following the release of this report, Planet Fitness's stock price dropped by 2.4% or $1.96 per share during intraday trading.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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