Novosel v. Azcon In. Retirement and Benefits Committee

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION JILLIAN NOVOSEL, ) ) Plaintiffs, ) ) v. ) No. 21 CV 3080 ) AZCON INC, RETIREMENT and ) Judge Rebecca R. Pallmeyer BENEFITS COMMITTEE, as Plan ) Administrator of the Azcon, Inc. ) Employee Stock Ownership Plan, and ) AZCON, INC., d/b/a Azcon Metals, ) ) Defendants. ) MEMORANDUM OPINION AND ORDER In 2015, Jillian Novosel retired from her employment with Azcon, Inc. (“Azcon”), a scrap metal processor, and sought to cash out her holdings in Azcon’s Employee Stock Ownership Plan (“ESOP”) in payments over time. In this…