Labaton Keller Sucharow LLP Announces Proposed Class Action Settlement on Behalf of all Persons and Entities that Purchased or Otherwise Acquired F45 Training Holdings, Inc. Publicly Traded Common Stock - FXLV
PR Newswire
AUSTIN, Texas, May 7, 2026
AUSTIN, Texas, May 7, 2026 /PRNewswire/ -- Labaton Keller Sucharow LLP announces that the United States District Court for the Western District of Texas, Austin Division has approved the following announcement of a proposed class action settlement that would benefit those who purchased or otherwise acquired F45 Training Holdings, Inc. publicly traded common stock (OTCMKTS: FXLV):
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF TEXAS
AUSTIN DIVISION
IN RE F45 TRAINING HOLDINGS, INC. SECURITIES LITIGATION | Case No. 1:22-cv-1291-DAE |
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT, AND MOTION FOR ATTORNEYS' FEES AND EXPENSES
To: All Persons and entities who or which purchased or otherwise acquired F45 Training Holdings, Inc. ("F45") publicly traded common stock during the period from July 15, 2021 through August 14, 2023, inclusive ("Class Period") (including purchases and acquisitions pursuant and/or traceable to the Offering Documents for F45's initial public offering) and were allegedly damaged thereby (the "Settlement Class")
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Western District of Texas, that Plaintiffs Pledge Capital LLC and Police and Fire Retirement System of the City of Detroit ("Plaintiffs"), on behalf of themselves and all other members of the Settlement Class; and defendant F45, Adam Gilchrist, Christopher E. Payne, Michael Raymond, Darren Richman, Mark Wahlberg, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Robert W. Baird & Co. Incorporated, Cowen and Company, LLC, Guggenheim Securities, LLC, Macquarie Capital (USA) Inc., MUFG Securities Americas Inc., and Roth Capital Partners, LLC ("Settling Defendants"), have reached a proposed settlement of the claims in the above-captioned class action (the "Action") and related claims in the amount of $10,500,000 (the "Settlement").
A hearing will be held before the Court on August 27, 2026 at 1:30 p.m. in Courtroom 1 at the United States District Court for the Western District of Texas, United States District Courthouse, 501 West Fifth Street, Austin, Texas 78701 (the "Settlement Hearing") to determine whether the Court should: (i) approve the proposed Settlement as fair, reasonable, and adequate; (ii) dismiss the Action with prejudice as provided in the Stipulation and Agreement of Settlement, dated February 13, 2026; (iii) approve the proposed Plan of Allocation for distribution of the proceeds of the Settlement (the "Net Settlement Fund") to Settlement Class Members; and (iv) approve Lead Counsel's Fee and Expense Application. The Court may change the date of the Settlement Hearing, or hold it remotely, without providing another notice. You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.
IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT. If you have not yet received a Postcard Notice, you may obtain a copy, and the more detailed long-form Notice and Claim Form, by visiting the website for the Settlement, www.strategicclaims.net/case/F45/, or by contacting the Claims Administrator at:
F45 Training Securities Settlement
c/o Strategic Claims Services
P.O. Box 230
600 N. Jackson Street, Suite 205
Media, PA 19063
(866) 274-4004
info@strategicclaims.net
Inquiries, other than requests for information about the status of a claim, may also be made to Lead Counsel:
LABATON KELLER SUCHAROW LLP
Alfred L. Fatale III, Esq.
140 Broadway
New York, NY 10005
settlementquestions@labaton.com
(888) 219-6877
If you are a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form to the Claims Administrator postmarked or submitted online no later than August 1, 2026. If you are a Settlement Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by all judgments or orders entered by the Court, whether favorable or unfavorable.
If you are a Settlement Class Member and wish to exclude yourself from the Settlement Class, you must submit a written request for exclusion in accordance with the instructions in the long-form Notice so that it is received by the Claims Administrator no later than July 24, 2026. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court, whether favorable or unfavorable, but you will not be eligible to share in the distribution of the Net Settlement Fund.
Any objections to the proposed Settlement, Lead Counsel's Fee and Expense Application, and/or the proposed Plan of Allocation must be filed with the Court, either by mail or in person, and be mailed to counsel for the parties in accordance with the instructions in the long-form Notice so that they are received no later than July 24, 2026.
PLEASE DO NOT CONTACT THE COURT, DEFENDANTS, OR
DEFENDANTS' COUNSEL REGARDING THIS NOTICE
DATED: MAY 7, 2026
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF TEXAS
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