Bally Must Turn Over Board Minutes To Investor

Law360, New York (December 7, 2005, 12:00 AM EST) -- An investment group seeking to oust the chief executive of Bally Total Fitness Holding Corp. has won an important victory after a state court ordered the fitness center operator to turn over sensitive documents to the group.

Liberation Investments LP, which has a 10.9% stake in the company, filed the suit in the Court of Chancery of the State of Delaware in September, seeking to force a shareholder meeting so it could propose its sweeping stockholder proposal.

The proposal would end the brief reign of CEO...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.