The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against ATI Physical Therapy f/k/a Fortress Value Acquisition Corp. II for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 22, 2021 and July 23, 2021, inclusive (the “Class Period”); and/or held FVAC Class A common stock as of May 24, 2021 and were eligible to vote at FVAC’s June 15, 2021 special meeting, are encouraged to contact the firm before October 15, 2021.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. ATI suffered from significant attrition amongst its physical therapist population. The Company faced increasing competition for talent in the marketplace. The Company struggled to retain staff and incurred cost increases related to labor. This hindered the Company’s ability to open new clinics. Based on this news, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about ATI, investors suffered damages.
The Schall Law Firm
Brian Schall, Esq.,