Austin, Texas, February 4, 2026
F45 Training, co-owned by Mark Wahlberg, has settled a shareholder lawsuit that accused the company of misleading investors before its 2021 IPO. This settlement addresses investor concerns over misleading statements regarding F45’s growth potential. The resolution comes at a time when transparency is crucial in the fitness industry, allowing the company to focus on rebuilding trust with stakeholders and navigating further legal challenges. The preliminary approval for the settlement is expected by February 2026.
F45 Training Settles Shareholder Lawsuit Amid Legal Challenges
F45 Training, co-owned by Mark Wahlberg, aims for resolution
Austin, Texas – F45 Training Holdings Inc., a prominent fitness company co-owned by actor Mark Wahlberg, has recently reached a settlement regarding a shareholder lawsuit that accused the company of misleading investors about its growth prospects ahead of its 2021 initial public offering (IPO). The proposed settlement promise is a significant step towards rectifying concerns raised by investors, particularly in a business climate where transparency and integrity are paramount to rebuilding trust.
The lawsuit, which was filed in December 2022, challenged the accuracy of statements made by F45 regarding its business model and financial outlook, alleging that such misrepresentations resulted in notable financial losses for investors. This case not only underscores the critical importance of honest communication in the growing fitness franchise industry but also highlights the resilience and determination of local entrepreneurs operating under high expectations in a competitive market.
Details of the Lawsuit
According to the complaint, shareholder Kenzie Goer accused F45 of overstating its growth potential in documentation provided to the U.S. Securities and Exchange Commission. This claim suggests that as the company pursued its IPO, the assertions made about its financial health may not have accurately reflected the actual state of the business. Such allegations can bring to light essential discussions about corporate governance and the obligations firms have to their investors.
Company’s Response and Settlement
In responding to the allegations, F45 Training and board member Mark Wahlberg have opted to settle the claims. The involved parties are working towards obtaining preliminary approval for the settlement, which is anticipated by February 13, 2026. While the detailed terms of the settlement remain undisclosed, this agreement is a strategic move as the company strives to mitigate its legal issues and focus on restoring its reputation for potential investors.
Background on F45 Training
Founded in 2013 in Sydney, Australia, F45 Training is well-known for its global fitness franchise that offers innovative 45-minute high-intensity interval training sessions. After going public in July 2021 with a capital raise of over $325 million and attaining a valuation surpassing $1 billion, the company initially appeared poised for success. However, following its IPO, F45 encountered hurdles that included a significant decline in its stock value and eventual delisting from the New York Stock Exchange, demonstrating the volatile nature of the fitness industry.
Legal Challenges Involving F45
Alongside the shareholder lawsuit, F45 has faced additional legal challenges, including a lawsuit from David Beckham’s company, DB Ventures Limited, in May 2023. The breach of contract claim sought damages of $14.3 million, but the parties reached a settlement out of court in June 2024. Such legal entanglements can often impact a company’s operations and investor confidence, emphasizing the ongoing need for sound business practices.
Implications for Investors
The impending settlement of the shareholder lawsuit may provide a degree of closure for investors who suffered financial losses based on the claims of misleading statements. While specific details about any potential restitution have yet to be revealed, the resolution offers a pathway to restore credibility and trust for F45 Training as it navigates the complexities of post-IPO business operations and strives for future growth.
FAQ
What was the shareholder lawsuit against F45 Training about?
The lawsuit alleged that F45 Training misled investors about its growth prospects ahead of its 2021 initial public offering, leading to significant financial losses.
Who is Mark Wahlberg’s involvement with F45 Training?
Mark Wahlberg is a board member and investor in F45 Training, having acquired a 36% stake in the company through his investment group in 2019.
What is the current status of the lawsuit?
The parties have agreed to settle the lawsuit, with preliminary approval of the settlement expected by February 13, 2026. Specific terms have not been publicly disclosed.
Has F45 Training faced other legal challenges?
Yes, in May 2023, David Beckham’s company, DB Ventures Limited, filed a lawsuit against F45, alleging breach of contract and seeking $14.3 million in damages. The lawsuit was settled out of court in June 2024.
What are the implications of the settlement for investors?
The settlement may provide some resolution for investors who suffered losses due to the alleged misrepresentations, though specifics of compensation remain to be fully disclosed upon final court approval.
Key Features of the Case
| Feature | Details |
|---|---|
| Company Involved | F45 Training Holdings Inc. |
| Co-Owner | Mark Wahlberg |
| Lawsuit Filed | December 2022 |
| Allegations | Misleading investors about growth prospects ahead of 2021 IPO |
| Settlement Approval Date | Expected by February 13, 2026 |
| Other Legal Challenge | David Beckham’s company filed a lawsuit in May 2023, settled in June 2024 |
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