Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, June 30, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Xponential Fitness, Inc. (NYSE: XPOF) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Xponential stock. Xponential investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Fuzzy Panda Research released a report on Monday, June 26, 2023, accusing Xponential Fitness, a global fitness brand franchisor, of concealing the struggles faced by many of their brands and franchisees. The report states that more than half of XPOF studios fail to generate positive financial returns. Contrary to the CEO’s claims that no stores have closed, the report reveals that 30 stores have been permanently shut down. Additionally, Xponential allegedly manipulates financial metrics by excluding underperforming stores from certain calculations, as mentioned in the report.
According to the report, Anthony Geisler, the founder and CEO of Xponential Fitness, has a lengthy history of engaging in unlawful business practices such as misappropriating marketing funds, violating labor laws, and imposing undisclosed fees on franchisees. Fuzzy Panda conducted interviews with former business partners, employees, and franchisees of Geisler, one of whom anonymously described him as a “crook” involved in numerous scams.
As a consequence of this revelation, Xponential’s stock price experienced a significant decline of more than 37% on Tuesday, June 27, 2023, inflicting substantial losses on investors.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar