The settlement said Cardinal’s existing litigation and liabilities would not be assumed by Vaya in the merger. Starting March 31, Cardinal will become part of another company called Vaya Health. “The Cardinal Innovations Board has accepted responsibility for the misconduct of its former employees,” Rudolf said in a statement, adding that the $500,000 payment was for “false and defamatory statements made by Cardinal Innovations and its law firm … at a 2018 press conference.” Topping appears to now work as the chief legal officer at CareSource, an Ohio-based Medicaid managed care company.
CARDINAL INNOVATIONS TRIAL
“Cardinal Innovations stands by all claims and defenses it has asserted in this case, and strongly believes it would have prevailed had it proceeded to trial in the courts,” Cardinal said in a statement. Topping filed a countersuit against Cardinal, accusing the company of making false statements and damaging his reputation.Īccording to the settlement, no trial date had been set to address either lawsuit. In March 2018, Cardinal sued Topping in an attempt to recover nearly $1.7 million in severance pay.
An attorney for Cardinal did not immediately respond to an email from WFAE confirming the dollar amount.Ĭardinal coordinated behavioral health care for Medicaid recipients in 20 North Carolina counties, including Cabarrus, Mecklenburg, Rockingham, Stanly and Union.
Cardinal will pay Topping $500,000, Topping’s attorney, David Rudolf, said Wednesday. Charlotte-based Cardinal Innovations Healthcare and its ousted former CEO, Richard Topping, have agreed to a settlement and dropped their respective lawsuits, according to a recent court filing.
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