Planet Fitness
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On September 15, 2023, Planet Fitness made a sudden announcement regarding the departure of its CEO, Chris Rondeau, who had been with the company for an extended period. This decision was initiated by the Company’s Board, citing the need for a “transition to new leadership.” It’s important to note that no permanent successor had been identified at the time of the announcement.
Previously, in both January and February of 2023, The Bear Cave had issued reports that brought attention to various concerns surrounding the fitness franchise. These reports included information about consumer grievances related to overbilling, fraudulent transactions, excessive fees, memberships that were difficult to cancel, and inquiries from multiple State Attorneys General Offices.
Shares of Planet Fitness, Inc. stock dropped more than 14% in intraday trading on September 15, 2023.
