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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 they retired but didn’t receive benefits they expected. 
Their counsel, Michelle Yau of Washington, alleges breach of fiduciary duties under the Employee Retirement Income Security Act.  ....

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