HOUSTON — A former ELD Holdings employee claims she was terminated for no reason and denied the eligible company shares according to her compensation package.
Cherry Wilkins filed a complaint March 10 in Harris County District Court against ELD Holdings Inc. and Efrain Davis, Jr., alleging breach of fiduciary duty, fraud, violation of the Texas Securities Act, negligence and other claims.
According to Wilkins' complaint, during her employment with ELD, Davis, the company's manager, director and majority owner, transferred ELD shares to her as part of her compensation package. She claims ELD terminated her employment in August of 2020 "without cause" and failed to give her the "full portion of shares" she was entitled.
Wilkins further claims that since her firing, ELD has failed to disclose its financial records or books despite her requests and that the defendants have used her identity to "obtain lending" without "disclosure of the use of the lending."
She alleges that she has not been compensated for her ownership in ELD including receiving any distributions, despite other distributions being made to Davis and other associates.
Wilkins seeks monetary relief, interest and all other just relief. She is represented by Christopher Thornhill of The Thornhill Law Firm in Houston.
Harris County District Court case number 2021-13794