Planet Fitness, Inc.
|Company Name||Planet Fitness, Inc.|
On January 19, 2023, The Bear Cave published a report alleging, among other things, that Planet Fitness overbilled customers and prevented them from cancelling their memberships, resulting in numerous consumer complaints to states’ attorneys general.
On this news, Planet Fitness’s stock price fell $3.72, or 4.5%, over two consecutive trading days to close at $79.22 per share on January 20, 2023, thereby injuring investors.
Then, on September 15, 2023, Planet Fitness announced that the Company’s board of directors had made “the decision . . . to transition to new leadership” and that the Company’s CEO would be stepping down, effective immediately.
On this news, Planet Fitness’s stock price fell $9.51, or 15.9%, to close at $50.29 per share on September 15, 2023, thereby injuring investors further.
Submit Your Information
If you suffered a loss on your Planet Fitness, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.