Pension Fund’s Exchange Act Claims Against Fitness Program Provider To Proceed

Mealey's (August 2, 2021, 2:05 PM EDT) -- NASHVILLE, Tenn. — A federal judge in Tennessee on July 29 denied a motion to dismiss filed by a provider of health and fitness programs to seniors and Medicare members and certain of its current and former executive officers stemming from the company’s acquisition and financial reporting after acquiring nutrition company Nutrisystem Inc., ruling that a pension fund has sufficiently pleaded the necessary elements of its federal securities law claims to survive dismissal....