SAN
DIEGO, March 22, 2024 /PRNewswire/ -- DiCello
Levitt LLP reminds investors that they have until the
April 9, 2024 deadline to file
their application for appointment as lead plaintiff in the
shareholder class action lawsuit against Xponential Fitness,
Inc. ("Xponential" or the "Company") (NYSE: XPOF). This action is
pending in the United States
District Court for the Central District of California.
If you purchased shares of Xponential common stock between
July 26, 2021 and December 7, 2023, and would like to discuss your
legal rights and how this case might affect you and your right to
recover your losses, you may, without obligation or cost to you,
contact DiCello Levitt partner Brian
O'Mara by calling (888) 287-9005 or at
investors@dicellolevitt.com. You may also learn more
at https://dicellolevitt.com/securities/xponential-fitness/. If
you wish to serve as a lead plaintiff in this class action, we can
help you petition the Court by the April 9,
2024 deadline.
Case Allegations: The Xponential lawsuit charges the
Company and certain of its executives with failing to disclose
material information during the Class Period, in violation of the
federal securities laws.
On December 7, 2023, a
Bloomberg Businessweek report presented a damning exposé on
the many problems with the Company based on interviews with dozens
of its former business partners, employees, and franchisees who
revealed that the Company misled many franchisees into a "financial
nightmare." The article further disclosed that Xponential's
unscrupulous tactics caused "many of the company's franchisees . .
. [to] have either declared bankruptcy or los[e] their retirement
savings."
On this news, the price of Xponential's shares fell more than
26% over two trading days on heavy trading volume to close at less
than $9 per share on December 11, 2023.
No Class Has Been Certified. Until a class is certified, you are
not represented by counsel unless you retain one. You may select
counsel of your choice. You may also remain an absent class member
and do nothing at this point. An investor's ability to share in any
potential future recovery is not dependent upon serving as lead
plaintiff.
About DiCello Levitt:
At DiCello Levitt, we are dedicated to achieving justice
for our clients through securities, class action,
business-to-business, public client, whistleblower, personal
injury, civil and human rights, and mass tort litigation. Our
lawyers are highly respected for their ability to litigate and win
cases—whether by trial, settlement, or otherwise—for people who
have suffered harm, global corporations that have sustained
significant economic losses, and public clients seeking to protect
their citizens' rights and interests. Every day, we put our
reputations—and our capital—on the line for our clients.
DiCello Levitt has achieved top recognition as 2023 Plaintiffs
Firm of the Year and 2023 Trial Innovation Firm of the Year by the
National Law Journal, in addition to its top-tier
Chambers and Benchmark ratings. For more information
about the Firm, including recent trial victories and case
resolutions, please visit www.dicellolevitt.com.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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SOURCE DiCello Levitt LLP
