Strougo v. Tivity Health, Inc.

Robbins Geller Rudman & Dowd LLP, King & Spalding LLP and Pomerantz LLP successfully acted on behalf of the class.

The Honorable Waverly D. Crenshaw, Jr. of the United States District Court for the Middle District of Tennessee denied in full a motion to dismiss in a securities class action against Tivity Health, Inc. Tivity provides health and fitness related programs for seniors and adults.

The complaint charges Tivity and certain of its current and former officers with violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934. The case alleges that throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose adverse information regarding Tivity’s business and operations after its acquisition of Nutrisystem. After the acquisition, Tivity’s Nutrition segment faced significant operational challenges that, foreseeably, would have a significant impact on Tivity’s revenues.  As a result of this information being withheld from the market, Tivity securities traded at artificially inflated prices during the Class Period. 

The Robbins Geller Rudman & Dowd team consisted of Darren J. Robbins (Picture), Shawn A. Williams, Christopher M. Wood, Sara B. Polychron, and Caroline M. Robert. 

The plaintiff was represented by Caroline M. Robert and Sara Polychron of Robbins Geller Rudman & Dowd; Brandon Keel, Lisa Bugni, Logan Hobson of King & Spalding LLP; Patrick Dahlstrom, Jeremy Lieberman, Alexander Hood , II, and Gustavo F. Bruckner of Pomerantz LLP. 

Involved fees earner: Lisa Bugni – King & Spalding; Jessica Perry Corley – King & Spalding; Logan Hobson – King & Spalding; Brandon Keel – King & Spalding; Gustavo Bruckner – Pomerantz LLP ; Patrick Dahlstrom – Pomerantz LLP ; Alexander Hood II – Pomerantz LLP ; Jeremy Lieberman – Pomerantz LLP ; Sara Polychron – Robbins Geller Rudman & Dowd; Darren Robbins – Robbins Geller Rudman & Dowd; Caroline Robert – Robbins Geller Rudman & Dowd; Shawn Williams – Robbins Geller Rudman & Dowd; Christopher Wood – Robbins Geller Rudman & Dowd;

Law Firms: King & Spalding; Pomerantz LLP ; Robbins Geller Rudman & Dowd;

Clients: Sheet Metal Workers Local No. 33, Cleveland District, Pension Fund; Strougo Robert;

Author: Martina Bellini