Abstract
The case is about Bally Total Fitness, an American Fitness Club chain created in 1962 by Dave Wildman. From a modest, single club, Bally Total Fitness had grown to become the « largest and only nationwide commercial operator of fitness centres » with over 360 outlets in the United States.
However over the last decades, the firm had to face several problems including the collapse of Bally's stock price, the intensification of competition or the investigation into accounting procedures opened by the U.S. Securities and Exchange Commission opened an investigation into accounting procedures.
