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Based on currently available information, we do not expect that any pending or threatened claim or legal action, either individually or in the aggregate, will have a material adverse effect on the business, our financial condition, results of operations, and/or our cash flows.
+Added: On June 2, 2025, a purported shareholder class action complaint captioned Lucas Deslande v.
+Added: Fortrea Holdings Inc., et al.
+Added: , No 1:25-sv-04630 was filed in the U.S.
+Added: District Court for the Southern District of New York, naming the Company and certain of its current and former officers as defendants.
+Added: The complaint alleges that defendants made omissions and misrepresentations to investors that they claim violated certain securities laws.
+Added: The Construction Industry Laborers Pension Fund and City of Pontiac Reestablished General Employees Retirement System were appointed as lead plaintiffs on September 3, 2025, and the lead plaintiffs filed an amended complaint on November 10, 2025.
+Added: The Company filed a motion to dismiss the amended complaint on January 28, 2026.
+Added: The Company believes it has valid defenses to the claims alleged and intends to vigorously defend itself, but there is no guarantee that the Company will prevail.
+Added: The case is at a very early stage and the Company is unable to estimate the possible loss or range of loss, if any, associated with this action.
It was previously disclosed that there were dosing sequence errors in a customer’s trial by a third-party vendor not associated with the Company.
As part of working with this customer, the Company made concessions and provided discounts and other consideration to the customer in the amount of approximately $12.5 million as part of a multi-party solution to facilitate the trials, of which $3.8 million and $8.7 million was recorded as a reduction of revenue for the years ended December 31, 2024 and 2023, respectively.
−Removed: For the year ended December 31, 2024, the Company recorded legal expenses of $2.2 million related to the settlement of legal matters initiated prior to the spin.
+Added: There were no related reductions of revenue during the year ended December 31, 2025, as the agreed-upon amount had been satisfied.
+Added: For the years ended December 31, 2025, 2024 and 2023, the Company recorded legal expenses of $1.9 million, $2.2 million and $— million, respectively, related to the settlement of legal matters initiated prior to the spin.
MINE SAFETY DISCLOSURES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.