Life Time Fitness Escapes Investor Suit Over $2.8B Buyout

Law360, New York (August 7, 2017, 12:45 PM EDT) -- A Minnesota federal judge on Sunday threw out the remaining claim in a proposed class action by investors over Life Time Fitness Inc.'s $2.8 billion private equity buyout in 2015, saying the shareholders can't prove the company's CEO and directors acted in their own self-interest by approving the deal.

U.S. District Judge John R. Tunheim rejected assertions by the shareholders that the board of directors for Life Time breached their a fiduciary duty by agreeing to the transaction, finding that the management team members — who all held stock in the company — would be subject to the same terms and...

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!


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?
Ask a question!