Reditus Labs to be placed in receivership

Posted on April 14, 2022
Reditus Laboratories received more than $220 million in state contracts for handling COVID-19 PCR test results. (Photo courtesy: HOI/ABC)

By Heart of Illinois ABC

TAZEWELL COUNTY – A judge in Tazewell County is signing off on an agreed-upon receivership of Reditus Laboratories. The agreement was finalized during a hearing Thursday in a civil case against company CEO Aaron Rossi.

This receivership means control of the company is placed in the care of an agreed-upon “receiver.” That is Adam Silverman of Chicago-based Adleman & Gettleman Ltd. Jim Keane of Harney Partners, also out of Chicago will support with management of the company.

This is the next step in the lawsuit filed in in March 2021 by Rossi’s shut-out business partner Dr. Jim Davies.

Neither Dr. Davie or Rossi were present in courtroom, but there are upwards of 20 attorneys on record in this court proceeding.

The attorneys in the courtroom Thursday included Don Craven, who is representing a group of the local news agencies. The group of media outlets is asking the judge to lift the protective order that has many details of this case under seal.

The goal of removing the protective order is a compelling public interest in this matter. Reditus Laboratories received more than $220 million in state contracts for handling COVID-19 PCR test results.

Heart of Illinois ABC can be reached at [email protected].

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