Xponential Fitness Inc. executives and directors made blatantly false statements about the success of franchised studios and pressured franchisees to keep locations open, an investor alleges on behalf of the company.
Former CEO Anthony Geisler “personally monitored franchisee Facebook groups to track and suppress any signs of dissent,” Stefanie Nelson says. She filed the shareholder derivative suit Monday in the US District Court for the Central District of California.
After Fuzzy Panda Research published a short-seller report in June 2023, Xponential “was forced to take charges of $13.8 million to dispose of failing studios and expected additional charges of up ...
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