XPOF - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Xponential Fitness Inc. (XPOF) | Benzinga
LOS ANGELES, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming April 9, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Xponential Fitness, Inc. ("Xponential" or the "Company") (NYSE:XPOF) Class A common stock between July 26, 2021 and December 7, 2023, inclusive (the "Class Period").
If you suffered a loss on your Xponential investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Xponential-Fitness-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On June 26, 2023, Fuzzy Panda Research published a report alleging, among other things, that Xponential is "hiding the fact that many of their brands and franchisees are struggling." The report further alleges that, despite CEO claims that the Company has "never closed a store," Fuzzy Panda found over 30 permanently closed stores. Fuzzy Panda also claims that franchise documents suggest that 8 out of every 10 Xponential brands are losing money monthly, with over half of Xponential studios never making a positive financial return.
On this news, Xponential's ...
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