Mark Wahlberg, Fitness Brand F45 Settle IPO Investor Lawsuit

F45 Training Holdings Inc., board member Mark Wahlberg, and others agreed to settle with investors a proposed class action over statements about the fitness company’s growth potential surrounding its initial public offering.

The investors’ counsel told the US District Court for the Western District of Texas they were finalizing negotiations in a Jan. 30 letter. They intend to seek preliminary approval of the deal by Feb. 13, said the notice to Judge David Alan Ezra. Investors had adequately alleged misstatements in the 2021 IPO’s registration statement and prospectus, Ezra said last year, letting some claims proceed.

• Shareholders ...