U.S. District Court Denies Motion of Defendants in an ESOP Case to Compel Plaintiff Into Arbitration

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Court Case Digests
March 24, 2022

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8071 Medical Laboratories
621512 Diagnostic Imaging Centers
ESOP valuations
class action, arbitration, employee stock ownership plan (ESOP), erisa, loss causation, fiduciary duty, remedy
Harrison v. Envision Mgmt. Holding, Inc.
2022 U.S. Dist. LEXIS 60823; __ F.Supp.3d __; 2022 WL 909394
US
Federal Court
Colorado
United States District Court
Regina M. Rodriguez

Summary

The U.S. District Court (Colorado) denied a motion to compel arbitration the defendants brought in a case the plaintiff participants brought (a purported class action) in an ESOP the defendant company, et al. established. “The Plaintiff argues that the Defendants’ actions related to the sale caused him and all other ESOP participants to suffer significant losses to their ESOP retirement savings.” The court denied the motion.

See Also

Harrison v. Envision Mgmt. Holding, Inc.

Full Text of Court Cases
March 24, 2022

The U.S. District Court (Colorado) denied a motion to compel arbitration the defendants brought in a case the plaintiff participants brought (a purported class action) in an ESOP the defendant company, et al. established. “The Plaintiff argues that the Defendants’ actions related to the sale caused him and all other ESOP participants to suffer significant losses to their ESOP retirement savings.” The court denied the motion.