The Latest: Minnesota firm says charged VP left company
CHICAGO (AP) — The Latest on nine charged in alleged insider trading involving Minnesota-based fitness company (all times local):
3:50 p.m.
A Minnesota-based fitness firm says a one-time executive accused of insider trading no longer works there.
A federal indictment unsealed in Chicago on Friday charges former Life Time Fitness Inc. executive Shane Fleming and eight others with conspiracy and securities fraud. They're accused of using insider information to buy stocks before the company's sale pushed share prices higher.
Life Time Fitness spokesman Jason Thunstrom says Fleming hasn't worked for the company since last year but declined to elaborate. He said Life Time Fitness has cooperated with authorities.