Man Gets 4 Mos. For Tipping Life Time Fitness Deal To Friends

Law360 (August 13, 2019, 8:58 PM EDT) -- A man who admitted to telling several friends inside information about Life Time Fitness Inc.'s plans to announce a $2.8 billion take-private deal was sentenced Tuesday to four months in prison.

U.S. District Judge Matthew Kennelly said he gave Peter Kourtis the same sentence as co-defendant Austin Mansur, who also pled guilty to a conspiracy charge, largely because his cooperation with federal prosecutors helped the government charge several other individuals in the case.

"I would be imposing a more significant sentence if it were not for Mr. Kourtis' cooperation," Judge Kennelly said. "It's the cooperation that makes a difference there."...

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!