Nichols Kaster, Pllp
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Lawsuit alleges conflict of interest in Life Time Fitness CEO's suitor role
A major fitness company is being sued over allegations its CEO has a conflict of interest by working with the consortium looking to buy the business. Matthew Lusk filed the lawsuit on April 10 against Life Time Fitness, alleging the business agreed to be sold to a consortium of investors for about $72.10 per share. The consortium is led by Leonard Green & Partners, LP.