Sentencing Delayed For Insider In Life Time Fitness Scheme

Law360 (August 14, 2019, 12:45 PM EDT) -- An Illinois federal judge on Wednesday delayed sentencing for a former Life Time Fitness Inc. executive who leaked the gym's private acquisition plans and triggered an insider trading scheme, saying a plea for leniency by the gym's former general counsel gave him "quite a bit to think about."

U.S. District Judge Matthew Kennelly said he postponed former Life Time senior vice president Shane Fleming’s sentence partly due to time constraints, but also because he wanted time to think about comments shared by Eric Buss, the former Life Time general counsel who warned Fleming that he’d be learning inside information in the...

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!