Legal Question in Securities Law in California

Hello,

I am seeking advice on Securities I own in my company.

In March 2009 we merged with a US company. Both sides who merged received 50/50 share split. A month later we merged with public shell company to do a backdoor listing.

Can the other party who we merged with in March, take the shares off us once they are in our name?

There have been complications, and I wish to leave the company. We are being told that if we don't help the company grow, they will take the shares off us. There was no restriction on the shares to produce or stay in the company for any amount of time.

Any advice would be great, and I can send you the original agreements if you like.

Regards

Adam Nettlefold


Asked on 2/04/10, 8:10 pm

2 Answers from Attorneys
James Bame San Diego Law Office

The documets need to be reviewed, you need to be interviewed, and the law would need to be researched. Contact me directly.

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Answered on 2/10/10, 10:11 am
Daniel Bakondi The Law Office of Daniel Bakondi

Adam,

The agreements and company papers may contain buyout terms. Otherwise it may come to a vote or corporate decision. I have experience putting some pressure on corporations for things like this. You can contact my office for a free consultation.

Daniel Bakondi, Esq.

[email protected]

415-450-0424

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Answered on 2/10/10, 1:34 pm


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