LUSK v. LIFE TIME FITNESS, INC.

Civil No. 15-1911 (JRT/BRT).

213 F.Supp.3d 1119 (2016)

Matthew LUSK and St. Clair Employees' Retirement System, Plaintiffs, v. LIFE TIME FITNESS, INC., Bahram Akradi, Giles H. Bateman, Jack W. Eugster, Guy C. Jackson, John K. Lloyd, Martha A. Morfitt, John B. Richards, Joseph S. Vassalluzzo, Leonard Green & Partners L.P., TPG Capital, L.P., and LKN Partners, Defendants.

United States District Court, D. Minnesota.

Signed September 30, 2016.

Editors Note
Applicable Law: 15 U.S.C. § 78m(a)
Cause: 15 U.S.C. § 78m(a) Securities Exchange Act
Nature of Suit: 850 Securities / Commodities
Source: PACER


Attorney(s) appearing for the Case

Kai H. Richter , NICHOLS KASTER, PLLP, 80 South Eighth Street, Suite 4600, Minneapolis, MN 55402; David T. Wissbroecker , ROBBINS GELLER RUDMAN & DOWD LLP, 655 West Broadway, Suite 1900, San Diego, CA 92101; Jason Leviton and Jacob A. Walker , BLOCK & LEVITON LLP, 155 Federal Street, Suite 400, Boston, MA 02110, for plaintiff Matthew Lusk.

Kai H. Richter , NICHOLS KASTER, PLLP, 80 South Eighth Street, Suite 4600, Minneapolis, MN 55402, for plaintiff St. Clair Employees' Retirement System.

Wendy J. Wildung , FAEGRE BAKER DANIELS LLP, 90 South Seventh Street, Suite 2200, Minneapolis, MN 55402, for defendants Life Time Fitness, Inc., Giles H. Bateman, Jack W. Eugster, Guy C. Jackson, John K. Lloyd, Martha A. Morfitt, John B. Richards, and Joseph S. Vassalluzzo.

Thomas P. Swigert , DORSEY & WHITNEY LLP, 50 South Sixth Street, Suite 1500, Minneapolis, MN 55402, for defendant Bahram Akradi.

Michele D. Johnson , LATHAM & WATKINS LLP, 650 Town Center Drive, 20' Floor, Costa Mesa, CA 92626; and Bret A. Puls , FOX ROTHSCHILD LLP, 222 South Ninth Street, Suite 2000, Minneapolis, MN 55402; for defendant Leonard Green & Partners L.P.

Christopher G. Green , ROPES & GRAY LLP, Prudential Tower, 800 Boylston Street, Boston, MA 02199; Martin Crisp , ROPES & GRAY LLP, 1211 Avenue of the Americas, New York, NY 10036; Bret A. Puls , FOX ROTHSCHILD LLP, 222 South Ninth Street, Suite 2000, Minneapolis, MN 55402, for defendant TPG Capital, L.P.

Frank A. Taylor , BRIGGS & MORGAN, PA, 80 South Eighth Street, Suite 2200, Minneapolis, MN 55402, for defendant LKN Partners.


MEMORANDUM OPINION AND ORDER ON MOTIONS TO DISMISS

Plaintiffs Matthew Lusk and St. Clair County Employees' Retirement System ("St. Clair") (collectively "Plaintiffs") are former shareholders of defendant Life Time Fitness, Inc. ("Life Time"). This litigation relates to the purchase...

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