Legal Question in Business Law in California
Stock in failing company
If I have purchased stock options in my company, and they are now planning to either 1. Sell the company or 2. shut the company down, do I have a case to sue the company for the money they took for me?
Asked on 4/07/07, 10:03 pm
1 Answer from Attorneys
Terry A. Nelson
Nelson & Lawless
Re: Stock in failing company
Only if you can prove fraud. If they sell, your options should be covered in full or partial, and you would formally be provided info on your alternatives. Businesses rise and fall, that's the risk of investment. If you lose money and think you can prove fraud, feel free to contact me.
Answered on 4/09/07, 1:05 pm
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