Tivity Agrees to Pay $17 Million to End Investor Merger Suit (2)

Tivity Health Inc. agreed to pay just over $17 million to resolve investors’ class claims that the wellness company overstated the benefits of its 2019 Nutrisystem Inc. acquisition.

The pension fund serving as the lead plaintiff in the case asked Judge Waverly D. Crenshaw, Jr., of the United States District Court for the Middle District of Tennessee, to preliminarily approve the settlement on Tuesday. The parties had told the court they reached a tentative agreement in May, staving off a trial that was scheduled to start earlier this month. The lawsuit alleged Tivity misled shareholders after the $1.3 billion ...