Allegations of embezzlement contained in a civil lawsuit filed against former ViaQuest CEO Richard Johnson and its ex-CFO, Michael Bell, are untrue and part of a “business dispute” between the company’s leadership and the private equity firm Council Capital, Johnson told CFO Dive.
“Council Capital’s allegations are false, and we categorically deny them,” Johnson told CFO Dive in a LinkedIn message in response to a request for comment on the lawsuit. While the private equity firm is not named among the plaintiffs which filed the suit, it is the majority owner of ViaQuest, Johnson told CFO Dive.
Johnson served as CEO of the company until this May, while Bell, his son-in-law, departed from his CFO seat in April after assuming the role at some point in 2019.
“We believe this lawsuit is part of a broader effort to create leverage in a business dispute rather than a reflection of the actual facts,” he said. “We welcome the opportunity to present the evidence in court, where we are confident the truth will prevail. Out of respect for the judicial process, we will not comment further while the litigation is pending.”
The ownership structure of the healthcare company, which serves approximately 20,000 individuals and families across Ohio and Indiana, appears largely split between Johnson and Council Capital and is a critical element detailed in the suit.
The complaint, filed Monday in Delaware’s Chancery Court, alleges that Johnson and ex-CFO Bell misused company funds in a “...
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