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LUSK v. LIFE TIME FITNESS, INC.

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

MATTHEW LUSK and ST. CLAIR EMPLOYEES' RETIREMENT SYSTEM, Plaintiffs, v. LIFE TIME FITNESS, INC., BAHRAM AKRADI, GILES H. BATEMAN, AND ORDER ON JACK W. EUGSTER, GUY C. JACKSON, MOTIONS TO DISMISS JOHN K. LLOYD, MARTHA A. MORFITT, JOHN B. RICHARDS, JOSEPH S. ASSALLUZZO, LEONARD GREEN & PARTNERS L.P., TPG CAPITAL, L.P., and LKN PARTNERS, Defendants.

United States District Court, D. Minnesota.

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

Matthew Lusk, Plaintiff, represented by Carl F. Engstrom , Nichols Kaster, PLLP.

Matthew Lusk, Plaintiff, represented by David T. Wissbroecker , Robbins Geller Rudman & Dowd LLP, pro hac vice, Jacob A. Walker , Block & Leviton LLP, pro hac vice, James M. Ficaro , The Weiser Law Firm, P.C., pro hac vice, Jason M. Leviton , Block & Leviton LLP, pro hac vice, Kai H. Richter , Nichols Kaster, PLLP & Stuart A. Davidson , Robbins Geller Rudman & Dowd, LLP, pro hac vice.

St. Clair Employees' Retirement System, Plaintiff, represented by Brant D. Penney , Reinhardt Wendorf & Blanchfield, Carl F. Engstrom , Nichols Kaster, PLLP, Garrett D. Blanchfield, Jr. , Reinhardt Wendorf & Blanchfield & Kai H. Richter , Nichols Kaster, PLLP.

Life Time Fitness, Inc., Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

Bahram Akradi, Defendant, represented by James K. Nichols , Dorsey & Whitney LLP & Thomas P. Swigert , Dorsey & Whitney LLP.

Giles H. Bateman, Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

Jack W. Eugster, Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

Guy C. Jackson, Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

John K. Lloyd, Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

Martha A. Morfitt, Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

John B. Richards, Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

Joseph S. Vassalluzzo, Defendant, represented by Cicely R. Miltich , Faegre Baker Daniels LLP, Justin P. Krypel , Faegre Baker Daniels LLP, Matthew B. Kilby , Faegre Baker Daniels LLP & Wendy J. Wildung , Faegre Baker Daniels LLP.

Leonard Green & Partners L.P., Defendant, represented by Bret A. Puls , Fox Rothschild LLP, Carrie Baker Anderson , Fox Rothschild LLP, Ellie J. Barragry , Fox Rothschild LLP, Michele D. Johnson , Latham & Watkins LLP, pro hac vice & Sarah E. Diamond , Latham & Watkins, pro hac vice.

TPG Capital, L.P., Defendant, represented by Bret A. Puls , Fox Rothschild LLP, Carrie Baker Anderson , Fox Rothschild LLP, Christopher G. Green , Ropes & Gray LLP, pro hac vice, Elizabeth E. Monnin-Browder , Ropes & Gray LLP, pro hac vice, Ellie J. Barragry , Fox Rothschild LLP & Martin J. Crisp , Ropes & Gray LLP, pro hac vice.

LKN Partners, Defendant, represented by Frank A. Taylor , Briggs & Morgan, PA, Matthew Solum , Kirkland & Ellis LLP, pro hac vice & Ross L. Weiner , Kirkland & Ellis LLP.

St. Clair County Employees' Retirement System, Movant, represented by Danielle S. Myers , Robbins Geller Rudman & Dowd LLP, pro hac vice, Garrett D. Blanchfield, Jr. , Reinhardt Wendorf & Blanchfield, Jason M. Leviton , Block & Leviton LLP, pro hac vice, Kai H. Richter , Nichols Kaster, PLLP & Stuart A. Davidson , Robbins Geller Rudman & Dowd, LLP, pro hac vice.

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 of Life Time by...

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