NYSE: PLNT

Planet Fitness, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Planet Fitness, Inc. (NYSE: PLNT) resulting from allegations that Planet Fitness may have issued materially misleading business information to the investing public.

If you purchased PLNT securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Planet Fitness securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On January 19, 2022, market analyst The Bear Cave published a report titled “Problems at Planet Fitness.” Among other things, 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 cancelling their memberships, resulting in lawsuits around the country. After reviewing the evidence, The Bear Cave stated it was “left wondering whether Planet Fitness is actually a thriving gym franchise or an illegal billing operation with gyms on the side.”

On this news, Planet Fitness’s stock price fell $1.96 per share, or 2.4%, in intraday trading.

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Company Name: Planet Fitness, Inc.
Stock Symbol: PLNT
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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