Planet Fitness, Inc. (PLNT)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT). Investors who purchased Planet Fitness securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Planet Fitness has violated federal securities laws.
On January 19, 2022, The Bear Cave published a report entitled “Problems at Planet Fitness.” The report alleged that Planet Fitness released an inaccurate slide understating market saturation in an investor presentation, and that, as a standard practice, it overbilled customers and prevented them from canceling their memberships, resulting in lawsuits around the country. The Bear Cave report stated that after reviewing the evidence, it was “left wondering whether Planet Fitness is actually a thriving gym franchise or an illegal billing operation with gyms on the side.” Following this news, Planet Fitness stock dropped $1.96 per share, or 2.4%, during intraday trading.
If you are aware of any facts relating to this investigation or purchased Planet Fitness shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.