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Xponential Fitness Hit by Fraud Lawsuit Drama

Xponential Fitness is facing a class action lawsuit over securities fraud allegations for not disclosing franchisee financial struggles and misleading investors. Stock price may decline due to decreased investor confidence.

by Mark Eisenberg
Tue, Feb 13, 2024 8:09am
in Business
• 2 mins read
13.9k
Xponential Fitness Hit by Fraud Lawsuit Drama | FinOracle

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Xponential Fitness Faces Class Action Lawsuit Over Alleged Securities Fraud

Xponential Fitness is now facing a class action lawsuit over allegations of securities fraud. The lawsuit, filed in the United States District Court for the Central District of California, claims that Xponential Fitness, Inc. (NYSE: XPOF) and certain officers violated the Securities Exchange Act of 1934. Investors who bought or acquired Xponential’s Class A common stock between July 26, 2021, and December 7, 2023, are the target of this legal action.

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