XPOF - XPOF INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Xponential Fitness Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit | Benzinga
SAN DIEGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Xponential Fitness, Inc. (NYSE:XPOF) publicly traded Class A common stock between July 26, 2021 and December 7, 2023, inclusive (the "Class Period"), have until April 9, 2024 to seek appointment as lead plaintiff of the Xponential class action lawsuit. Captioned City of Taylor General Employees Retirement System v. Xponential Fitness, Inc., No. 24-cv-00285 (C.D. Cal.), the Xponential class action lawsuit charges Xponential and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Xponential class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-xponential-fitness-inc-class-action-lawsuit-xpof.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.
CASE ALLEGATIONS: The Xponential class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Xponential had permanently closed at least 30 stores; (ii) Xponential's reported same-store sales ("SSS") and average unit volume ("AUV") metrics had been misstated by excluding underperforming stores; (iii) 8 out of 10 Xponential brands were losing money monthly; (iv) over 50% of Xponential studios did not make a positive financial return; (v) over 60% of Xponential's revenue was one-time and non-recurring; (vi) more than 100 of Xponential's franchises were for sale at a price that is at least 75% less than their initial cost; (vii) Xponential had misled many of its franchisees ...