The plaintiffs claimed the defendants couldn’t find a buyer for the casino so they created an employee ownership plan and sold the casino to it for $170 million. Lead plaintiff Thomas Hensiek sued Casino Queen Holdings Company, former president Jeffrey Watson, former casino manager Robert Barrows, and former shareholders Charles Bidwill III, James Koman, and Timothy Rand in 2020.
2, three days after defendants moved for an order.ĭugan didn’t wait for plaintiffs to respond, finding he was vested with broad discretion to decide whether a stay was justified. District Judge David Dugan stayed depositions about the collapse of Casino Queen’s pension plan for 30 days so they wouldn’t affect settlement negotiations.
