Chris A. Davis, who served as chairman of the board of directors for 24 Hour Fitness up until last March, is suing the San Ramon, CA-based company for at least $23.6 million, claiming 24 Hour breached its contract in connection with a phantom stock agreement....More
24 Hour Fitness, San Ramon, CA, announced that it has sold all 18 of its California Fitness clubs in Asia to The Ansa Group. Financial terms of the sale, which closed on Monday, were not disclosed....More
The exposure that the Olympics provide 24 Hour Fitness through its sponsorships provides a boost to the company, says President and CEO Carl Liebert....More
A former 24 Hour Fitness employee was convicted of indecent exposure following an incident involving a 5-year-old boy that occurred last year in the club’s child-care center....More
Forstmann Little, the private-equity firm that owns 24 Hour Fitness, San Ramon, CA, received an extension of its fund, according to 24 Hour Fitness President and CEO Carl Liebert....More
Although revenue grew by a greater percentage for more companies and several major acquisitions occurred
in 2011, the order of the top club companies remained the same....More
Just a month before the opening ceremonies of the Summer Olympics in London, 24 Hour Fitness, San Ramon, CA, announced today that it is an official partner of the USA Basketball men’s and women’s national teams....More
24 Hour Fitness, San Ramon, CA, filed an answer to a complaint from the National Labor Relations Board (NLRB), which has charged the company with violating federal labor law....More
A man who was shot Monday night in the parking lot of a 24 Hour Fitness club in El Cajon, CA, was in stable condition on Tuesday, according to multiple San Diego media reports....More
The United States Court of Appeals for the Fifth Circuit, Dallas, has upheld a ruling from a district court that stated that binding arbitration provisions in 24 Hour Fitness employee contracts are deceptive and do not bind employees....More
An ex-24 Hour Fitness employee who received an 11-year prison sentence after he was convicted of sexually abusing four young girls at the club was arrested on Monday after he returned to the club as a member....More
The differences in the situation between well-capitalized companies and small club operators may lead some to believe that the industry is heading toward two separate groups: the haves and the have-nots....More
The recent LA Fitness-Bally deal likely will cause a shift in next year’s rankings on the Top 100 Clubs list. LA Fitness will have more than 500 clubs in operation by the end of this year. 24 Hour Fitness reported 420 clubs at the end of 2010....More
24 Hour Fitness CEO Carl Liebert called Ted Forstmann a friend and mentor as he mourned the loss of the founding partner of private equity firm Forstmann Little and Co., 24 Hour’s parent company....More
A lawsuit was filed last week against 24 Hour Fitness, claiming the company charges members an additional month of dues when they attempt to cancel their membership....More