Lusk v. Life Time Fitness, Inc. et al

  1. January 31, 2018

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

    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.

  2. August 07, 2017

    Life Time Fitness Escapes Investor Suit Over $2.8B Buyout

    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.

  3. November 22, 2016

    Shareholders Blast Life Time Fitness' Win Bid In Buyout Suit

    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.

  4. November 07, 2016

    Shareholders Say Life Time Fitness CEO Is Delaying Suit

    Investors accused Life Time Fitness Inc.'s CEO and directors Friday of trying to stall the shareholders' proposed class action suit over the company's $2.8 billion private equity buyout in 2015.

  5. November 24, 2015

    Life Time Fitness CEO Calls $2.8B PE Buyout Suit Defective

    The CEO of Life Time Fitness on Monday asked a Minnesota federal judge to dismiss a proposed shareholder class action claiming the company's $2.8 billion private equity buyout undervalued the company and was supported by a misleading proxy statement, calling the allegations "speculative."

  6. October 05, 2015

    Life Time Fitness Wants Suit Over $2.8B PE Buyout Tossed

    Life Time Fitness has asked a Minnesota federal judge to toss a proposed shareholder class action alleging its $2.8 billion private equity buyout undervalued the company and was supported by a misleading proxy statement, saying the plaintiffs have failed to establish any adequate legal grounds.

  7. July 13, 2015

    Investors To Co-Lead Suit Over $2.8B Lifetime Fitness Buy

    St. Clair County Employees' Retirement System and an individual investor will share the lead role in litigation over Life Time Fitness Inc.'s $2.8 billion private equity buyout, a Minnesota federal judge ruled Friday, finding those investors together would serve the class better than either alone.

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