Nutrisystem Investors Sue Over $1.3B Tivity Merger

Nutrisystem Inc. faces two suits accusing the weight loss products company of misleading investors about its proposed $1.3 billion merger with a health and fitness chain.

The company didn’t give investors enough information about how it and Tivity Health Inc. determined the merger price, according to complaints filed Jan. 9 and 10 in the U.S. District Court for the District of Delaware.

Tivity filed a proxy statement with the Securities and Exchange Commission Jan. 7, according to the complaints. But it left out information about how Nutrisystem’s financial adviser, Evercore Group LLC, determined the company’s worth, the complaints say.

The ...