Hopefully he lawyered up. That’s actually a pretty easy lawsuit, and the company surely would have settled.

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Jun 9, 2021
12:17:49pm

zsmooth Suss

Hopefully he lawyered up. That’s actually a pretty easy lawsuit, and the company surely would have settled.

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zsmooth

Bio page: zsmooth
Joined: Nov 26, 2004
Last login: May 22, 2022
Total posts: 3,910 (149 FO)

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Messages

Author

Time

Has anybody been with a company when they went public? In your experience, what

Vincent's Picks

6/9/21 11:49am

I wasn’t part of the co but family was - they gave stock to employees. Can’t

homegrown

6/9/21 11:51am

Yes. If you don’t already have stock, it’s unlikely they will just hand some out

TarCoug

6/9/21 11:52am

I was.

zsmooth

6/9/21 11:53am

I work for a Pre-IPO company and get more stock options every month. The shares

6/9/21 11:55am

That's where I'm at. I have plenty...but rumor is an IPO in the next 12 months.

Vincent's Picks

6/9/21 11:58am

I’m guessing you are either at MX or BambooHr 😉

TarCoug

6/9/21 12:05pm

I take it back. You aren’t in Utah.

TarCoug

6/9/21 12:06pm

I have a friend who did. Sucked for him.

Eddie

6/9/21 12:10pm

That's messed up.

ballen

6/9/21 12:12pm

Hopefully he lawyered up. That’s actually a pretty easy lawsuit, and the company surely would have settled.

zsmooth

6/9/21 12:17pm

As far as I know, he didn't. It was probably 10-15 years ago.

Eddie

6/9/21 12:21pm

Too bad. That sucks for him.

zsmooth

6/9/21 12:34pm

I'm curious what the basis of the legal claim would be

6/9/21 12:23pm

That they let him go then immediately rehired him shouldn’t reset his clock. From the employment litigation I’m familiar

zsmooth

6/9/21 12:34pm

But if the argument is that they fired and re-hired this guy

6/9/21 12:41pm

Doesn’t matter.

zsmooth

6/9/21 1:38pm

LOL. Solid rebuttal

6/9/21 3:09pm

IANAL. I’ve just seen things like this happen before, and the employee always prevailed. I don’t know what the

zsmooth

6/9/21 5:01pm

Not a legal person, but wrongful termination? Don’t know if that’s a real thing

Powerbait DPM

6/9/21 2:59pm

Do you know what company he worked for? During the recession in 2008 my dad’s

Powerbait DPM

6/9/21 3:09pm

It was a somewhat local company.

Eddie

6/9/21 4:39pm

Have a son who's company's owner gave company to employees and walked away...

relic

6/9/21 12:13pm

Just happened at my company. Got nothing. Nothing feels different.

thewaterboy

6/9/21 12:25pm

Yes, just 1 month ago. All of my VSOP options that hadn't vested yet did and we

IPA

6/9/21 12:25pm

My company went public last year.

Kolipoki

6/9/21 3:20pm

Not an IPO, but an acquisition. The venture capitalists sold us to a public

Megamind

6/9/21 9:44pm

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