April 13, 2015 (Shareholders Foundation) - An investor, who currently holds shares of Life Time Fitness, Inc. (NYSE:LTM), filed a lawsuit in effort to stop the proposed takeover of Life Time Fitness, Inc. at $72.10 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:LTM stockholders by agreeing to sell Life Time Fitness, Inc.. too cheaply via an unfair process.

On March 16, 2015 Life Time Fitness, Inc. (NYSE:LTM), along with Leonard Green & Partners and TPG announced that they have entered into a merger agreement under which affiliates of Leonard Green & Partners and TPG will acquire Life Time Fitness, Inc. (NYSE:LTM) in a transaction valued at more than $4.0 billion. Under the terms of the merger agreement the investors will acquire all of the outstanding shares of Life Time Fitness, Inc. (NYSE:LTM) common stock for $72.10 per share in cash.

However, the plaintiff claims that the proposed consideration NYSE:LTM shareholders will receive is grossly inadequate and undervalues Life Time Fitness, Inc. Life Time Fitness, Inc. reported that annual Total Revenue rose from over $1.01 billion in 2011 to over $1.29 billion in 2014 and that its respective Net Income increased from $92.62 million in 2011 to $114.37 million in 2014. Shares of Life Time Fitness, Inc. (NYSE:LTM) grew from $7.50 per share in March 2009 to as high as $67.35 per share on March 6, 2015. In addition, the plaintiff claims that the process is also unfair to NYSE:LTM stockholders.