Cornielsen v. Infinium Capital Holdings, LLC

MEMORANDUM OPINION AND ORDER

Andrea R. Wood, United States District Judge

Plaintiffs are former employees of Defendants Infinium Capital Holdings, LLC (“Infinium Holdings”) and Infinium Capital Management, LLC (“Infinium,” and along with Infinium Holdings, “Infinium Defendants”). Plaintiffs had loaned money to the Infinium Defendants and subsequently participated in what was known as the “Infinium Employee Capital Pool program” or the “Employee Equity Incentive Plan” (“Employee Program”) in which Plaintiffs’ loans were converted into equity in the company. Soon after Plaintiffs participated in…