Philadelphia, Pennsylvania--(Newsfile Corp. - July 15, 2024) - Kaskela Law LLC announces that it is investigating The Beachbody Company, Inc. (NYSE: BODY / NYSE: BODI) on behalf of the company's former employees.
On June 24, 2021, Forest Road Acquisition Corp. ("Forest Road"), a publicly traded special purpose acquisition ("SPAC") company, announced that Forest Road's stockholders had approved of an acquisition of privately held The Beachbody Company Group, LLC ("Legacy Beachbody"). Forest Road also announced that, upon the closing of the acquisition, the combined company would be renamed The Beachbody Company, Inc. ("Beachbody") and its common stock would start trading under ticker symbol NYSE: BODY (and subsequently, under NYSE: BODI).
In connection with the closing of the acquisition, many of Legacy Beachbody's executives and employees had their previously held shares/stock options of privately held Legacy Beachbody converted into shares of publicly traded Beachbody (NYSE: BODY / NYSE: BODI). The investigation seeks to determine whether this share conversion was done in a fair manner and in accordance with the securities laws, or whether former Legacy Beachbody shareholders were financially harmed in connection with the conversion.
Former Legacy Beachbody employees who had their shares/stock options of privately held Legacy Beachbody converted into publicly traded shares of Beachbody (NYSE: BODY / NYSE: BODI) are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights and options at (484) 229 - 0750 or (888) 715 - 1740, or by clicking on the following link (or if necessary, by copying and pasting the link into your browser):
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CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
(skaskela@kaskelalaw.com)
Adrienne Bell, Esq.
(abell@kaskelalaw.com)
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
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