Envision Board Must Face Employee Stock Ownership Plan Lawsuit

Envision Management Holding Inc.'s board of directors must face a lawsuit over the company’s employee stock ownership plan in a case that’s already been to the Tenth Circuit, a district judge said.

Judge Charlotte N. Sweeney on Thursday denied the board’s motion to dismiss, saying the case involved factual disputes that should be resolved after discovery. Sweeney, who sits in the US District Court for the District of Colorado, announced her decision in a short docket entry that didn’t include a lengthy analysis of the case.

The proposed class action targets a 2017 transaction in which the medical imaging ...