Investigation of Claims against Planet Fitness, Inc.

Investigation of Claims against Planet Fitness, Inc. Khang & Khang LLP announces that it is investigating claims of potential misrepresentations by Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors.

“weak internal controls l[ed] to the sentencing of a Planet Fitness corporate systems manager in Jan[uary] 2016 who stole $1m through a fraudulent invoice scheme.”
Tweet this
If you purchased shares of Planet Fitness during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

On March 9, 2016, Spruce Point Capital Management (“Spruce Point”) published a report focusing on the Company’s corporate governance and accounting. Spruce Point specifically claimed that “weak internal controls l[ed] to the sentencing of a Planet Fitness corporate systems manager in Jan[uary] 2016 who stole $1m through a fraudulent invoice scheme.”