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HOUSTON A former ELD Holdings employee claims she was terminated for no reason and denied the eligible company shares according to her compensation package.
Cherry Wilkins filed a complaint March 10 in Harris County District Court against ELD Holdings Inc. and Efrain Davis, Jr., alleging breach of fiduciary duty, fraud, violation of the Texas Securities Act, negligence and other claims.
According to Wilkins complaint, during her employment with ELD, Davis, the company s manager, director and majority owner, transferred ELD shares to her as part of her compensation package. She claims ELD terminated her employment in August of 2020 without cause and failed to give her the full portion of shares she was entitled.