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Casino Queen defendants accused of cheating employee pension plan to appeal order rejecting arbitration - Vimarsana News

Casino Queen defendants accused of cheating employee pension plan to appeal order rejecting arbitration

Watson EAST ST. LOUIS – Casino Queen directors and former owners plan to seek appellate review of an order rejecting individual arbitration of claims that they cheated casino employees out of retirement income.  The defendants filed notice of intent to appeal on Jan. 28, three days after U.S. District Judge David Dugan denied their motion to compel arbitration.  They moved to stay proceedings in Dugan’s court pending resolution of the appeal.     Pension plan participants Tom Hensiek and Jason Gill sued the board of directors and former owners Timothy Rand,...

Dugan rejects arbitration clause of Casino Queen defendants, accused of cheating employees out of retirement income - Vimarsana News

Dugan rejects arbitration clause of Casino Queen defendants, accused of cheating employees out of retirement income

Bortscheller EAST ST. LOUIS – Casino Queen directors and former owners can’t enforce individual arbitration of claims that they cheated employees out of retirement income, U.S. District Judge David Dugan ruled on Jan. 25.  He rejected an arbitration clause that directors inserted by amendment in 2018, finding they failed to provide any consideration.  “Consideration exists only if there is a grant of an advantage or the bargained for acceptance of a disadvantage,” Dugan wrote.  He found the contract change was at worst illusory.  He relied on an Illinois Su...

Casino Queen wants arbitration over litigation for employees claiming stock was nearly worthless - Vimarsana News

Casino Queen wants arbitration over litigation for employees claiming stock was nearly worthless

Watson EAST ST. LOUIS – Casino Queen directors and former owners aim to stop a suit over the collapse of an employee ownership plan by enforcing an arbitration clause that former president Jeff Watson signed in December 2018.  Watson gained an appointment as St. Clair County associate judge a month later.  In October 2019, employees learned that the value of their casino stock had fallen by about 95 percent.  Former manager Tom Hensiek and former dealer Jason Gill sued Watson, current directors and former owners at U.S. district court this April.  They claim ...