Nine former employees of Nashville-based Medalogix have filed a lawsuit against the home health company for allegedly forcing them to sell back their equity prior to major investments and a recapitalization effort.

The former employees are suing the company for breach of contract and a violation of state securities laws, saying that Medalogix only had the right to repurchase their shares upon death or disability, per their options agreement. Instead, in May 2019, more than five years after some parties to the suit had left the company, Medalogix sent a notice to plaintiffs of their intent to repurchase their shares.

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