Planet Fitness, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
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 email@example.com.
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The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
The Bear Cave, a market analyst, published a report on January 19, 2023, titled “Problems at Planet Fitness.” The report claimed that Planet Fitness had provided inaccurate information on market saturation during an investor presentation, and that they had a standard practice of overbilling and hindering members from canceling their memberships, leading to multiple lawsuits. The Bear Cave questioned whether Planet Fitness was a legitimate gym franchise or an illegal billing operation with gyms on the side. Following the release of this report, Planet Fitness’s stock price dropped by 2.4% or $1.96 per share during intraday trading.