Fitness App ClassPass Sues Hilton Over Canceled Stock Deal
August 23, 2020
Hilton Worldwide Holdings Inc. was sued over its decision to renege on an agreement to buy a stake in ClassPass Inc., a start-up that allows users to take classes at boutique gyms without buying a membership.
Manhattan-based ClassPass alleged the 6,000-hotel Hilton chain didn’t act in good faith when it pulled out of the 2019 deal to buy the shares, according to an unsealed lawsuit filed… READ MORE @ Bloomberg