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Thursday, September 4, 2014

Toxicology lab founder faces federal lawsuit

The U.S. Department of Labor is suing the founder of an Indianapolis toxicology laboratory, alleging that he sold the company to employees in 2009 at a vastly inflated price. The department's federal lawsuit says 70-year-old Michael Evans should return millions of dollars in "unjust" gains from the sale of AIT Laboratories because it violated federal laws governing employee stock ownership plans.



http://www.greenfieldreporter.com/view/story/3c3661ab0a9c44ce91edb325c4cc0b7c/IN--Lab-Sale-Lawsuit

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