Schall Brown & Schwartz alerts Planet Fitness investors to securities class action
Schall Brown & Schwartz LLP said Aug. 21 that investors in Planet Fitness may have claims in a securities class action tied to alleged misstatements about pricing and growth.
Schall Brown & Schwartz LLP said Aug. 21 that investors in Planet Fitness may have claims in a securities class action tied to alleged misstatements about pricing and growth.
Schall Brown & Schwartz LLP issued an investor alert about a class action lawsuit against Planet Fitness, Inc. (NYSE: PLNT) alleging violations of Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. The notice says the class period runs from Nov. 6, 2025, through May 6, 2026.
According to the release, purchasers of Planet Fitness securities during that period may be entitled to seek compensation. The firm also said there are no out-of-pocket fees or costs for investors who contact it about eligibility or about serving as lead plaintiff.
According to the complaint summary in the release, Planet Fitness made false and misleading statements, failed to effectively roll out a national price increase on its Black Card offering, overstated its growth outlook and exaggerated its ability to drive new member joins through its existing market campaign. Those allegations have not been tested in court in the alert itself.
The release says the class has not yet been certified. It also says putative class members are not represented by counsel until certification occurs.
Schall Brown & Schwartz identified Brian Schall and David Schwartz as contacts at its Los Angeles office. The release says investors do not need to be named lead plaintiff to participate in any recovery.
Investors who want to discuss eligibility or lead-plaintiff status should contact the firm by Sept. 14, 2026, the date mentioned in the headline of the release.
Sources
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