Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Xponential To Contact Him Directly To Discuss Their Options
New York, New York--(Newsfile Corp. - September 19, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Xponential Fitness, Inc. ("Xponential" or the "Company") (NYSE: XPOF).
If you suffered losses exceeding $50,000 investing in Xponential stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/XPOF.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On June 26, 2023, market analyst Fuzzy Panda Research issued a report entitled "Xponential Fitness (XPOF) - "Abusive Franchisor That Is A House of Cards". The report alleged that Xponential's CEO, Anthony Geisler, "has a long history of misleading investors and business partners," including engaging in pump and dump schemes. The report stated that he'd been previously accused by former business associates of engaging in "scams" and "illegal business practices," and alleged that he has even in the past threatened others with a gun. In addition, the report alleged that the company's financials are less healthy than it has represented to investors, that it is likely violating its debt agreements, and, contrary to Geisler's claim that Xponential has "never closed a store," that there were many closed Xponential locations.
On this news, the price of Xponential Fitness stuck plummeted by over $8 a share, or 31.8%, in intraday trading on June 27, 2023.
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