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Thanks for the advice. I think with a transaction of this size, the company/founders/executives would be violating their fiduciary responsibility to NOT settle

Thanks for the advice. I think with a transaction of this size, the company/founders/executives would be violating their fiduciary responsibility to NOT settle up former employees who are a threatening a lawsuit. The settlement would likely be petty cash for them.

icedchai 6y ago
Likely everything they are doing is legal and done according to the agreements they have with their preferred investors. Common shareholders are last in line.