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Ex-24 Hour Fitness Chairman Chris Davis Seeks $23 Million
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Chris A. Davis, the former chairman of the 24 Hour Fitness Worldwide Inc. gym chain, sued the company for $23 million, contending she’s owed payments for a promised “phantom stock” award.
Davis, of West Palm Beach, Florida, said she has served the company faithfully as a board member since 2006, and as a result of circumstances including the cost of commuting and renting an apartment, she’s “impoverished” and was depending on the award from the San Ramon, California-based firm, a unit of Forstmann Little & Co., which isn’t named in the suit.