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Law firm probes Franklin Covey over possible securities fraud after Q3 revenue miss and lowered guidance.

Market News
14 Jul 2026, 23:49 WIB
GlobeNewsWire
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Bearish
Law firm probes Franklin Covey over possible securities fraud after Q3 revenue miss and lowered guidance.

Pomerantz LLP is investigating Franklin Covey and some of its executives for potential securities fraud following the company's Q3 2026 financial report. Franklin Covey reported revenue of $67.81 million, below the expected $68.33 million, and reduced its full-year revenue forecast to $260-$267 million from $265-$275 million. The company cited geopolitical tensions and risks in service delivery timing as challenges. After the announcement, Franklin Covey's stock dropped nearly 13%. The investigation could lead to a class action lawsuit if wrongdoing is found.

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