Honestly which is wild, looking for advice on a legal issue. Here's what happened.
option pool shuffle diluting founders. I've been dealing with this for about 15 weeks now and the situation isn't improving.
I have already tried to resolve this directly but the other party is not cooperating....
Am I overthinking this or is this a real legal issue worth pursuing?
I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.
Not a lawyer, but I have direct experience with this.
Most folks screw this up by is having everything documented. I'd recommend keeping a detailed timeline instead.
The #1 mistake I see here is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.
This is one of those situations where even a quick legal consult pays for itself.
I've dealt with this before.
What worked for me was having everything documented. It took 3-6 months but was worth it.
Look, this happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.
Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.
NAL, but from what I've read, you should check your state's specific laws. But don't just take my word for it, get real legal advice.
I went through almost the exact same thing.
I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.
Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.
Make sure your operating agreement covers this scenario. Many template ones don't.
Thanks for the update OP. Glad things are moving forward.
Following - going through similar formation decisions.