Raydon Says 'Personal Animus' Dooms Class In ESOP Suit

Law360 (August 15, 2019, 3:33 PM EDT) -- Raydon Corp. fired back at a former employee's push to certify a class in her suit claiming top executives sold company stock to its retirement plan for the inflated price of $60.5 million, saying the ex-worker's "personal animus" would prevent her from effectively serving as a class representative.

The government contractor on Wednesday argued Stephanie Woznicki wouldn't be an appropriate class representative, noting she has said on social media she would keep on fighting the defendants in court "no matter how much money it will cost her." Beyond that, Raydon said family members of its executives have received threats from Woznicki....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!