If you bought F45 Training Holdings common stock between July 15, 2021 and August 14, 2023, you may be eligible for a payment from the $10.5 million F45 Training settlement resolving investor claims that the fitness franchise misled shareholders around its 2021 IPO. Claim forms are due by August 1, 2026, and the court will hold a final approval hearing on August 27, 2026.1Labaton Keller Sucharow. In Re F45 Training Holdings, Inc. Securities Litigation
Who Qualifies for a Payment
The settlement class includes anyone who purchased or otherwise acquired F45 Training Holdings publicly traded common stock (ticker FXLV) between July 15, 2021 and August 14, 2023 and suffered a loss. Shares bought in the IPO or traceable to the IPO registration statement are covered.1Labaton Keller Sucharow. In Re F45 Training Holdings, Inc. Securities Litigation
You do not need to have held the stock through the delisting to qualify. What matters is that you owned shares during the class window and can document the transactions.
How to File a Claim
Claims are handled by Strategic Claims Services. You can file in either of two ways:
- Online at www.strategicclaims.net/case/F45/
- By mail to Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 205, Media, PA 19063
Questions can go to the administrator at (866) 274-4004 or info@strategicclaims.net.2PR Newswire. Labaton Keller Sucharow LLP Announces Proposed Class Action Settlement
The claim form deadline is August 1, 2026. Have your brokerage records for the class period ready, including purchase dates, sale dates, share counts, and prices. The administrator uses that information to calculate your recognized loss under the plan of allocation.
What You Can Expect to Receive
Payouts will be modest. Settlement notices estimate a gross recovery of roughly $0.06 per damaged share, and about $0.04 per share after attorneys’ fees and litigation costs are deducted.3Strategic Claims Services. F45 Settlement Notice
Distributions are pro rata. Your share depends on how many valid claims come in, how many shares you bought, and when you bought and sold them during the class period. If your calculated payment works out to less than $10, no check will be issued.4ClaimDepot. F45 Securities Settlement
Lead counsel plans to request attorneys’ fees of up to 30 percent of the fund, or as much as $3.15 million, plus up to $200,000 in expenses. Judge David A. Ezra will rule on that request at the final hearing.4ClaimDepot. F45 Securities Settlement
If You Want to Object or Opt Out
The deadline to object to the settlement or to exclude yourself from the class is July 24, 2026.5Strategic Claims Services. F45 Training Securities Settlement Excluding yourself preserves your right to sue F45 individually over the same claims but forfeits any payment from this fund. Objecting keeps you in the class; you receive whatever the settlement pays but tell the court why you think the terms are unfair.
The Final Approval Hearing
Judge Ezra granted preliminary approval on April 16, 2026.5Strategic Claims Services. F45 Training Securities Settlement The fairness hearing is scheduled for August 27, 2026 at 1:30 p.m. in the U.S. District Court for the Western District of Texas.2PR Newswire. Labaton Keller Sucharow LLP Announces Proposed Class Action Settlement Payments to approved claimants follow final approval.
Why the Case Was Brought
The consolidated action, In re F45 Training Holdings, Inc. Securities Litigation, No. 1:22-cv-01291, was led by Pledge Capital LLC with the Police and Fire Retirement System of the City of Detroit as a named plaintiff.1Labaton Keller Sucharow. In Re F45 Training Holdings, Inc. Securities Litigation6ClassAction.org. Goer v. F45 Training Holdings, Inc. et al.
On July 26, 2022, F45 issued a “Strategic Update” slashing revenue guidance from $255–$275 million to $120–$130 million, cutting projected new studio openings by 60 percent, and announcing that a previously touted $250 million franchisee credit line was unavailable. The CEO resigned and about 45 percent of the workforce was laid off. Shares fell from $3.51 to $1.35 in a single day, more than 78 percent below the $16 IPO price.7BusinessWire. Investor Alert: F45 Training Holdings, Inc.6ClassAction.org. Goer v. F45 Training Holdings, Inc. et al. In October 2023 the company filed restated financials showing combined net losses of $372 million for 2021 and 2022.8Fitt Insider. F45 Files Restated Financials, Reports $372M Loss
Named defendants include F45 Training Holdings, actor and board member Mark Wahlberg, former CEO Adam Gilchrist, former CFO Chris Payne, directors Michael Raymond and Darren Richman, MWIG LLC, Kennedy Lewis Management LLC, and eight IPO underwriters led by Goldman Sachs and J.P. Morgan Securities.6ClassAction.org. Goer v. F45 Training Holdings, Inc. et al.9CourtListener. In Re F45 Training Holdings, Inc. Securities Litigation None admitted wrongdoing; the parties said they settled to avoid the cost of further litigation.10Austin American-Statesman. F45, Mark Wahlberg $11M Settlement Lawsuit Austin
What This Settlement Does Not Cover
This fund resolves only the federal securities claims brought on behalf of stock purchasers. It does not cover the separate breach-of-contract dispute David Beckham’s management company brought against F45, which settled in June 2024 on undisclosed terms.11Today.com. David Beckham and Mark Wahlberg’s F45 Training Company Resolve Business Dispute It also does not cover franchisee claims addressed by state regulators, including the California Department of Financial Protection and Innovation’s November 2023 consent order, which required F45 to pay $152,500 and offer termination rights to certain California franchisees.12California DFPI. DFPI Issues Action Against F45 Training, Inc. If you were an F45 franchisee rather than a shareholder, this settlement is not for you.