Xponential Fitness (XPOF) Securities Lawsuit Investigation
On June 26, 2023, Fuzzy Panda Research published a report alleging, among other things, that Xponential Fitness, Inc. (NYSE: XPOF) has misrepresented its financial health by excluding underperforming stores from key metrics and lying about the number of stores it has permanently closed.
Following this news, Xponential’s stock price dropped by over 37% on Tuesday, June 27, 2023, causing significant harm to investors.
Lost money in XPOF stock?
You may be eligible to recover your losses. Get a free and confidential consultation.
(Please provide number of shares, purchase date, and estimated losses.)
Why is Xponential (NYSE: XPOF) stock dropping?
On Monday, June 26, 2023, Fuzzy Panda Research published a report accusing global fitness brand franchisor, Xponential Fitness, of “hiding the fact that many of their brands and franchisees are struggling.” According to the report, “over 50% of XPOF studios never make a positive financial return,” and despite claims from its CEO that it has “never closed a store,” it actually has permanently closed 30 stores. Xponential also allegedly makes up financial metrics by excluding underperfoming stores from certain financial calculations, as claimed in the report.
Fuzzy Panda report accuses Xponential CEO, Anthony Geisler, of misleading investors and illegal practices
The Fuzzy Panda Research report further alleges that Xponential Fitness founder and CEO, Anthony Geisler, has a long history of engaging in illegal business practices such as embezzling marketing funds, committing labor violations, and charging franchisees undisclosed fees. Fuzzy Panda interviewed a number of former business partners, employees, and franchisees of Geisler, with one anonymous source asserting the Geisler is a “crook” who has perpetrated “so many scams.”
Our Securities Lawyers Have a Winning Record Against Companies Like Xponential Fitness
Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”
–Eric Gibbs, award-winning securities attorney
Praise from the Courts
Federal judge in our AT&T class action:
“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”
Federal judge in our Chase lawsuit (resulting in $100 million settlement):
They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”
Read more about what judges say about us.
Gibbs Law Group's Financial Fraud Experience
We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world's largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and financial fraud lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.