March 22, 2024
A Colorado federal judge refused to toss a proposed class action accusing a radiology company and its trustee of overcharging the company’s employee stock ownership plan in a $163.7 million sale, saying the former workers’ complaint puts forward enough details to back up their allegations.
In a text-only order Thursday, U.S. District Judge Charlotte N. Sweeney denied Envision Management Holding Inc. and Argent Trust Co.’s motions to dismiss Robert Harrison and Grace Heath’s Employee Retirement Income Security Act lawsuit.
. . .
“We are pleased with the court’s decision, which protects the rights of employees that have ESOP accounts,” Michelle C. Yau, who represents Harrison and Heath, told Law360. “Our clients are eager to prove their meritorious claims.”
Harrison and Heath are represented by Caroline E. Bressman, Eleanor E. Frisch, Kai H. Richter, Michelle C. Yau, Ryan A. Wheeler and Joseph M. Sellers of Cohen Milstein Sellers & Toll PLLC.
Read Radiology Co., Trustee Must Face Ex-Worker’s ESOP Suit.