3 ms·
There are tons of reasons why a company wouldn't give up millions of dollars. if his percentage was say even just 3% that would be in the neighborhood of $90,00
by Meph504 5y ago
There are tons of reasons why a company wouldn't give up millions of dollars. if his percentage was say even just 3% that would be in the neighborhood of $90,000,000.
Now, if they do this, how many potential others may come back with similar claims.
Also, consider that every investor that made the choice to invest wasn't aware of this, and rightly so as the window had closed, That ends up a lot to unpack, and a lot of possible legal issues, and I'm sure that merger did not include that debt.
It just wouldn't be practical, and may not even be legal.
- a-dub 5y agoif i was running a company, and this happened to someone who helped me in the founding days in a material way, i would do whatever was necessary to make them whole. ideally there wouldn't be any others who would come back with similar claims, because if you did your job right, they wouldn't lose their comp on a legal technicality. isn't that a big reason why you have leaders and executives, to make things right when things don't go as planned?