NEW YORK, NY / ACCESSWIRE / September 27, 2023 / Pomerantz LLP is investigating claims on behalf of investors of Planet Fitness, Inc. ("Planet Fitness" or the "Company") (NYSE:PLNT). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On September 15, 2023, Planet Fitness announced that its board of directors had fired the Company's Chief Executive Officer Chris Rondeau. Planet Fitness did not give a reason for Rondeau's termination.
On this news, Planet Fitness's stock price fell $11.30 per share, or 18.9%, over the following two trading sessions, to close at $48.50 per share on September 18, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP