Several high-profile law firms have opened investigations into F45 Training Holdings, the fitness company founded by Australian entrepreneur Adam Gilchrist.
On Friday, US-based Labaton Sucharow was the latest firm to call out to investors who owned F45 stock or options and who suffered a loss following the company’s disastrous trading update at the end of July which prompted the stock to sink 61 per cent to a record low of $US1.82. Since listing at $US16, F45 shares have dropped 88 per cent.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
