A Delaware Court issued a blow to Bally Total Fitness Jan. 11, adding more fuel to a bitter proxy battle between the fitness-center giant and hedge funds Pardus Capital Management and Liberation Investments. The Court of Chancery of the State of Delaware denied Bally's motion for expedited discovery in its...
March 01, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
A Delaware Court issued a blow to Bally Total Fitness Jan. 11, adding more fuel to a bitter proxy battle between the fitness-center giant and hedge funds Pardus Capital Management and Liberation Investments.
The Court of Chancery of the State of Delaware denied Bally’s motion for expedited discovery in its legal action against the hedge funds. Bally management is considering triggering “poison pill” provisions.
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