BALA CYNWYD, Pa., April 20, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Life Time Fitness, Inc. ("Life Time Fitness" or "the Company") (NYSE-LTM-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of Leonard Green & Partners and TPG ("Leonard Green & Partners").
Click here to learn more about the investigation http://brodsky-smith.com/905-ltm-life-times-fitness-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Life Time Fitness shareholders will receive only $72.10 in cash for each share of Life Time Fitness stock they own. The investigation concerns whether the Board of Life Time Fitness breached their fiduciary duties to stockholders by failing to adequately consider other strategic initiatives that may have resulted in enhanced shareholder value before agreeing to enter into this transaction, and whether Leonard Green & Partners is underpaying for Life Time Fitness. The transaction may undervalue Life Time Fitness, which stock has climbed 27% in the last year alone. The Company had announced in August that it was considering splitting itself into two separate companies: one that would operate the fitness centers and another that would be a real estate investment trust. This may have resulted in a greater return for its shareholders.
If you own shares of Life Time Fitness and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/905-ltm-life-times-fitness-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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