Legal Question in Employment Law in California

Promised Stock in Startup Company

I work for a private startup tech company in silicon valley. When hired I was verbally promised 10% of the company if I worked for at least a year in my executive position. A year later they kept stalling me giving excuses. Now they are set to go public and I was wondering if I have any legal recourse.


Asked on 1/23/07, 8:44 pm

2 Answers from Attorneys
Thomas Pavone Pavone & Cohen

Re: Promised Stock in Startup Company

If you relied on the promise to take the job you may have a claim. You should secure strong local counsel to analyze your case and make your claim NOW, rather than waiting for the IPO

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Answered on 1/31/07, 3:43 pm
Terry A. Nelson Nelson & Lawless

Re: Promised Stock in Startup Company

Sure, if you can prove your claim. Don't wait any longer to make your claim and demand for proper paperwork. Feel free to contact me if you need legal help.

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Answered on 1/31/07, 3:49 pm


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