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CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Planet Fitness (PLNT) Investors of Securities Class Action Lawsuit Deadline on September 14, 2026

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CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Planet Fitness (PLNT) Investors of Securities Class Action Lawsuit Deadline on September 14, 2026
Business

Business

CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Planet Fitness (PLNT) Investors of Securities Class Action Lawsuit Deadline on September 14, 2026

2026-09-15 00:13 Last Updated At:00:20

NEW YORK--(BUSINESS WIRE)--Sep 14, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Planet Fitness, Inc. ("“Planet Fitness” or the “Company”) (NYSE: PLNT) and reminds investors of the September 14, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260914885246/en/

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose facts concerning the true state of Planet Fitness' customer acquisition and marketing metrics. Notably, the Company's updated marketing messaging was failing to resonate with, and was actively intimidating, its core target demographic of fitness beginners and casual gym-goers. As a result, Planet Fitness was experiencing a significant headwind in net member joins during its peak first-quarter sign-up period that rendered its previously issued fiscal 2026 guidance and long term financial targets unachievable.

On May 7, 2026, Planet Fitness announced its first quarter results for fiscal 2026, revealing that its critical peak sign-up period was off to a slower-than-expected start internally, slashing same-store growth guidance from 4-5% to only 1%, completely withdrawing its long-term three-year growth algorithm, and announcing a pause of the planned national rollout of the Black Card price increase. On this news, Planet Fitness's stock price fell $19.95, or 31.19%, to close at $44.01 per share on May 7, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Planet Fitness’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Planet Fitness class action, go to www.faruqilaw.com/PLNT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Planet Fitness Securities Class Action Lawsuit:

What is the Planet Fitness securities fraud lawsuit about?

This securities class action lawsuit alleges that Planet Fitness, Inc. made materially false and misleading statements and/or concealed material adverse facts during the class period concerning the company's customer acquisition and marketing metrics. Specifically, the complaint alleges that Planet Fitness's updated marketing messaging was failing to resonate with — and was allegedly actively intimidating — its core target demographic of fitness beginners and casual gym-goers. As a result, the company allegedly experienced a significant headwind in net member joins during its critical peak first-quarter sign-up period, rendering its previously issued fiscal 2026 guidance and long-term financial targets unachievable. On May 7, 2026, Planet Fitness announced its first quarter fiscal 2026 results, at which time it slashed same-store growth guidance from 4–5% to only 1%, completely withdrew its long-term three-year growth algorithm, and announced a pause of the planned national rollout of its Black Card price increase. On that news, Planet Fitness's stock price fell $19.95 per share, or approximately 31.19%, to close at $44.01 per share on May 7, 2026.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Planet Fitness, Inc. common stock traded on the NYSE under the ticker symbol PLNT between November 6, 2025 and May 6, 2026, inclusive, may be eligible to participate in this lawsuit. Eligibility to participate in any potential recovery is not limited to investors who seek appointment as lead plaintiff; any class member who suffered losses during the class period may be entitled to share in any recovery that may be obtained. Investors are encouraged to review their trading records to determine whether their purchases fall within the applicable class period. Additional information about eligibility may be obtained by contacting Faruqi & Faruqi, LLP.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who serves on behalf of all class members and plays an active role in directing the litigation, including working with counsel on case strategy and settlement negotiations. The lead plaintiff is typically the class member who suffered the largest financial loss and who satisfies certain adequacy and typicality requirements under the Private Securities Litigation Reform Act of 1995. Investors who wish to seek appointment as lead plaintiff must file a motion with the court no later than September 14, 2026. Importantly, investors do not need to serve as lead plaintiff in order to participate in the lawsuit or share in any recovery that may be obtained — class membership alone may entitle eligible investors to a portion of any proceeds.

What should investors do if they purchased Planet Fitness stock during the Class Period?

Investors who purchased Planet Fitness, Inc. common stock on the NYSE (PLNT) during the class period from November 6, 2025 through May 6, 2026 are encouraged to review their brokerage and trading records to confirm the timing and details of their purchases. Investors should take steps to preserve all relevant documentation, including trade confirmations, account statements, and any communications related to their Planet Fitness holdings, as such records may be important to establishing their claims. Given that the lead plaintiff motion deadline is September 14, 2026, investors who wish to be considered for appointment as lead plaintiff should act promptly. Investors may wish to consult with Faruqi & Faruqi, LLP prior to that deadline to evaluate their legal options and understand their rights, even if they do not intend to seek the lead plaintiff role.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Planet Fitness securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Planet Fitness (PLNT) Investors of Securities Class Action Lawsuit Deadline on September 14, 2026

CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Planet Fitness (PLNT) Investors of Securities Class Action Lawsuit Deadline on September 14, 2026

MINNEAPOLIS (AP) — With each misfire by quarterback Carson Wentz, the boos directed at the Minnesota Vikings' sputtering offense grew louder on Monday night.

The reaction came from the same fanbase happy to see Wentz start against the Buffalo Bills after previous struggles from Kyler Murray. For as much as Minnesota's defense did its part against quarterback Josh Allen and the Bills, there are no answers at quarterback for Vikings coach Kevin O’Connell.

Starting for Murray — who is week-to-week with a hamstring strain — Wentz finished 8-of-25 passing for 81 yards and three turnovers in a 23-6 loss.

“To go kind of lay an egg, personally, the way I struggled early, especially with our defense playing as good as they’ve been all year, honestly," Wentz said. "They did it again tonight, and we just didn’t help them out. I didn’t help them out. It’s hard to put my finger on the why.”

Early on, Wentz fired high on several passes. One attempt, on the second offensive possession of the game, was ruled a backward pass and fumble as receiver Justin Jefferson’s leaping attempt to grab it kept the ball in play for an easy recovery by Buffalo.

Minnesota didn’t get a first down until a penalty on Buffalo midway through the second quarter. The Vikings had 86 total yards in the first half, aided by a seven-play, 46-yard drive in the final minute.

“Just not even close offensively to what we want to be,” O’Connell said. “I thought there was some opportunities to kind of flip that game a little bit, at multiple times, but we just never got Carson in a rhythm. We tried a bunch of tools to see if we could help that happen. I just didn’t do a good enough job.”

On the first drive of the second half, Wentz was intercepted by linebacker Dorian Williams, who had tight end T.J. Hockenson blanketed. On the next possession, Jordan Mason ran for 24 yards on three plays. Then Wentz targeted Jefferson and linebacker Terrel Bernard was standing in the way for another interception.

Bernard nearly had a second interception later in the quarter. Wentz had his foot stepped on by left guard Joe Huber as he threw, and the pass went straight to Bernard, who dropped it.

This was not the outcome O’Connell or the Vikings hoped for with Wentz against a Buffalo defense that had surrendered 254.7 passing yards per game coming in, the third-worst mark in the NFL.

“This one felt pretty terrible. I’m not going to lie," Wentz said of getting another start after filling in for Murray twice earlier this season.

Wentz completed just 1 of 8 passes in the second half before being replaced by Max Brosmer with 4:40 left.

Of course, Brosmer’s entrance brought cheers from the crowd. The second-year undrafted quarterback out of the University of Minnesota was 6 of 7 for 58 yards on his one drive that ended after a fourth-and-9 completion to Hockenson was a yard short.

Minnesota had a season-low 178 yards of offense. A defense that had allowed a league-low 13.3 points per game and was second in yards allowed per game to Seattle has no complementary component.

“Offensive side of the ball, that’s kind of the only missing piece at this very moment,” Jefferson said. “Defense is playing very good ball. Special teams are doing what they need to do. Will (Reichard) is making field goals. We just got to be better at sustaining some drives, extending plays, extending drives and putting points on the board.”

The conundrum at quarterback continues for Minnesota, which is 6-2 after back-to-back losses.

A stout defense and a devout fanbase are wondering when the answer will come.

See AP’s full NFL coverage here

Minnesota Vikings wide receiver Justin Jefferson (18) leaps for the ball over Buffalo Bills cornerback Christian Benford (47) as Jefferson attempts to catch the ball during the first half of an NFL football game in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Abbie Parr)

Minnesota Vikings wide receiver Justin Jefferson (18) leaps for the ball over Buffalo Bills cornerback Christian Benford (47) as Jefferson attempts to catch the ball during the first half of an NFL football game in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Abbie Parr)

Minnesota Vikings head coach Kevin O'Connell looks onto the field during the second half of an NFL football game against the Buffalo Bills in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Bailey Hillesheim)

Minnesota Vikings head coach Kevin O'Connell looks onto the field during the second half of an NFL football game against the Buffalo Bills in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Bailey Hillesheim)

Minnesota Vikings wide receiver Justin Jefferson, left, reacts as Buffalo Bills cornerbacks Dee Alford (23) and Davison Igbinosun (21) and safety Geno Stone (25) celebrate a defensive stop during the second half of an NFL football game in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Abbie Parr)

Minnesota Vikings wide receiver Justin Jefferson, left, reacts as Buffalo Bills cornerbacks Dee Alford (23) and Davison Igbinosun (21) and safety Geno Stone (25) celebrate a defensive stop during the second half of an NFL football game in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Abbie Parr)

Minnesota Vikings quarterback Carson Wentz (11) grimaces as he walks off the field during the second half of an NFL football game against the Buffalo Bills in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Bailey Hillesheim)

Minnesota Vikings quarterback Carson Wentz (11) grimaces as he walks off the field during the second half of an NFL football game against the Buffalo Bills in Minneapolis, Monday, Nov. 9, 2026. (AP Photo/Bailey Hillesheim)

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