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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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
United States
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.

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.