Los Angeles, CA asked in Business Law and Contracts for California

Q: How can I find out what price my previous company sold for? They are telling me it was too low to activate my SARS.

I have Stock Appreciation Rights in my previous company that are still valid. If the company sold for more than $8 million, I should get some proceeds. They sold recently, but the CFO told me the sales price was too low to activate my SARS. I'm skeptical. Should I point blank, in writing, ask if the sales price was above $8 million so it's on the record? Or get a letter from an attorney? Any better options?

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1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick

A: If you are a shareholder you are entitled to know.

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