Legal Question in Civil Litigation in California
stock sale
As partial compensation for services rendered I received stock in Life Investor's Ins. the underwriter for a martketing organization selling group health to the National Ass. of Self Employed membership. When promised a pronmtioon for the recruiting and training of agents which I attained 3 times over I quit. I offerred the stock for sale to the Ins. Co. they purchased it at $2.00 a share and I sent cert. w/commersial guarantee they sent check I depopsited check and they had stopped payment on check. They said thye had adbvanced commissions and until the debit paid to -0- they would keep the stock afraid I would rewrite the ins w/another company, which I didn't and the account paid -0- but I never received either the money or stock which now sells for $42.00 a share. I have approximately 600 shares owed me, not counting the splits etc. since I first started requesting they settle up, they listen ask for doc's sayn they will get back to me and don't, over and over and over again. They know Idon't have thousands of dollars to invest in a law suit. The stock today with a couple of reported splits I've been made aware of woyuld be about 1800 shares at $42.00 = $95k approx I figure thats why they don't pay. What do I do?
2 Answers from Attorneys
Re: stock sale
You need to consult a lawyer. This is not a simple enough problem to solve by an email and there is enough money at stake so that you could probably work it out to be represented by counsel. If you are in San Diego County, I could assist you. If not, find yourself a litigation lawyer in the County in which you reside, assuming that is the same County where this transaction occurred.
Re: stock sale
This question is to complex to answer without speaking with you and additional information. Since it sounds like this company owes you a large sum, I would be willing to work with you on a part contingency basis. I have done this type of billing with other clients and they like that they don't have to put up a large retainer. What I usualy do is a 17% contingency and $75 per hour. I don't know of any other attorney who does this. Once I speak with you I can determine approximately how much time this will take so you know up front what you will pay to get your stocks back. I can be reached at 888-563-8529. The call and consultation are free. I do not know where you live, but I work with many clients who live throughout the state. The insurance company is probably out-of-state so having an out-of-town attorney isn't a big deal. I look forward to speaking with you about your rights.
Sincerely,
John Hayes
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