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USA v. Beshey et al
Case Number:
1:17-cr-00643
Court:
Nature of Suit:
Firms
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August 30, 2019
Ex-Fitness VP Gets 2 Months For Tipping Go-Private Deal
A former Life Time Fitness executive who triggered an insider trading scheme by leaking information about the gym’s planned take-private announcement was sentenced to 60 days in prison.
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August 14, 2019
Sentencing Delayed For Insider In Life Time Fitness Scheme
An Illinois federal judge on Wednesday delayed sentencing for a former Life Time Fitness Inc. executive who leaked the gym's private acquisition plans and triggered an insider trading scheme, saying a plea for leniency by the gym's former general counsel gave him "quite a bit to think about."
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August 13, 2019
Man Gets 4 Mos. For Tipping Life Time Fitness Deal To Friends
A man who admitted to telling several friends inside information about Life Time Fitness Inc.'s plans to announce a $2.8 billion take-private deal was sentenced Tuesday to four months in prison.
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August 07, 2019
Life Time Fitness Inside Trader Seeks Probationary Sentence
A man who pled guilty to insider trading by leaking information about Life Time Fitness Inc.'s plan to go private has asked an Illinois federal judge for leniency, arguing that his record of cooperation with prosecutors should get him probation, rather than a stint in jail.
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August 06, 2019
Chicago Man In Life Time Fitness Trading Scheme Gets 4 Mos.
A Chicago man who admitted he participated in a scheme to trade Life Time Fitness stock based on inside information that the gym chain would be taken private was sentenced Tuesday to four months in prison.
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August 01, 2019
Uncertainty On Forfeiture Delays Calif. Trader's Sentence
The sentencing of a California trader convicted of participating in an insider trading scheme surrounding Life Time Fitness got delayed Thursday after an Illinois federal judge said he realized an undecided forfeiture allegation remained on the table.
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July 31, 2019
Tip On $2.8B Life Time Buyout Deserves 18 Mos., Feds Say
Prosecutors want an 18-month sentence for a man who passed insider stock tips before Life Time Fitness Inc.’s $2.8 billion private equity buyout, they told a Chicago federal judge.
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July 30, 2019
No New Trial For Convicted Life Time Fitness Trader
An Illinois federal judge on Tuesday rejected a California trader's bid for an acquittal or a new trial after a jury had convicted him of participating in a conspiracy to trade Life Time Fitness Inc. stock before the gym chain announced an impending take-private acquisition, ruling that the government had sufficiently proved the charge.
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July 26, 2019
Convicted Life Time Fitness Trader Denies Insider Trading
A California trader told an Illinois federal court on Friday that the U.S. Securities and Exchange Commission can't win on claims he participated in an insider trading scheme surrounding Life Time Fitness Inc. because he didn't know the insider had breached a fiduciary duty.
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June 11, 2019
Life Time Fitness Stock Tipster Gets Year In Prison
The lead tipster in an insider trading scheme based on Life Time Fitness Inc.'s planned take-private acquisition got sentenced Tuesday to one year and one day in prison.