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Shareholders Blast Life Time Fitness' Win Bid In Buyout Suit

Law360, New York (November 22, 2016, 6:32 PM EST) -- Investors asked a Minnesota federal court Monday to quash an attempt by Life Time Fitness Inc.'s CEO and directors to end a proposed class action over the company’s $2.8 billion private equity buyout in 2015, saying they had provided sufficient evidence to back their breach of fiduciary duty claims.

The investors asked the court to reject the defendants’ Friday motion for judgment on the pleadings, saying they had sufficient evidence LifeTime CEO Bahram Akradi and the board members acted in bad faith and the defendants can’t show...
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