Construction Industry Laborers Pension Fund, and City of Pontiac Reestablished General Employees’ Retirement System, individually and on behalf of all others similarly situated v. Fortrea Holdings Inc., Thomas Pike, and Jill McConnell

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK CONSTRUCTION INDUSTRY LABORERS PENSION FUND, and CITY OF PONTIAC REESTABLISHED GENERAL EMPLOYEES’ RETIREMENT SYSTEM, individually and on behalf of all others similarly situated, 25 Civ. 4630 (KPF) Plaintiffs, OPINION AND ORDER -v.- FORTREA HOLDINGS INC., THOMAS PIKE, and JILL MCCONNELL, Defendants. KATHERINE POLK FAILLA, District Judge1: This securities class action arises from Fortrea Holdings Inc.’s (“Fortrea”) tumultuous spin-off from its former parent company, Labcorp Holdings Inc. (“Labcorp”). Plaintiffs, a putative class of…