Boston, Massachusetts–(Newsfile Corp. – September 28, 2023) – Block & Leviton is investigating Planet Fitness, Inc. NYSE: PLNT for potential securities law violations. Investors who have lost money in their Planet Fitness investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/plnt.
What is this all about?
On September 15, 2023, Planet Fitness announced the abrupt resignation of longtime CEO Chris Rondeau following a decision by the Company’s Board to “transition to new leadership”, despite not having a permanent successor in place.
Previously, the Bear Cave released reports in January and February of 2023 highlighting issues at the fitness franchisor including consumer complaints concerning overbilling, fraudulent transactions, excessive fees, uncancellable memberships, and inquiries from numerous State Attorneys General Offices.
Shares of Planet Fitness, Inc. stock dropped more than 14% in intraday trading on September 15, 2023.
Who is eligible?
Anyone who purchased Planet Fitness, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. We have obtained, and are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/182216