Life Time Fitness Investors Can't Bring Back PE Buyout Suit

Law360, New York (January 31, 2018, 7:34 PM EST) -- A Minnesota federal judge on Tuesday said a group of Life Time Fitness Inc. investors cannot revive their lawsuit over the company’s 2015 private equity buyout, finding that the shareholders are unable to pinpoint any new information that could alter the court’s initial decision.

U.S. District Judge John R. Tunheim said Matthew Lusk and the St. Clair County Employees’ Retirement System are not allowed to file a new complaint in their case against Life Time CEO Bahram Akradi and the company’s board of directors because they failed to identify any new evidence discovered after judgment had been entered in the case. ...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!