ALERT

Investors With Substantial Losses Have Opportunity to Lead the ATI Physical Therapy, Inc. Class Action Lawsuit - ATIP - Seite 2

On July 26, 2021, ATI Physical Therapy reported its financial results for the second quarter of 2021, the period in which the business combination was completed. Among other things, ATI Physical Therapy reported that “the acceleration of attrition among [its] therapists in the second quarter and continuing into the third quarter, combined with the intensifying competition for clinicians in the labor market, prevented us from being able to meet the demand we have and increased our expectations for labor costs.” Though ATI Physical Therapy was implementing certain remedial actions, ATI Physical Therapy reduced its fiscal 2021 forecast due to the foregoing factors. On this news, ATI Physical Therapy’s share price fell 43%. ATI Physical Therapy’s share price continued to decline the next trading session by as much as 19%, further damaging investors.

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THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who: (a) purchased ATI Physical Therapy securities during the Class Period; and/or (b) held FVAC Class A common stock as of May 24, 2021 and were eligible to vote at FVAC’s June 15, 2021 special meeting to seek appointment as lead plaintiff in the ATI Physical Therapy class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the ATI Physical Therapy class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the ATI Physical Therapy class action lawsuit. An investor’s ability to share in any potential future recovery of the ATI Physical Therapy action lawsuit is not dependent upon serving as lead plaintiff.