Q: My employer repurchased 70% of my stocks when I left the company, can I get them back? They didnt tell me about clawback
I joined a pre-series A start up and was offered shares as part of the compensation with 4 year vesting. However, they 'forgot to' disclose the full terms or assigned any of the stocks when I joined them. They found out about this a year and half later and this is when I learned that they have the clawback clause in the stock agreements. At this point I was about to leave the company. When I left, they exercised their stock repurchase rights and took away about 70% of my vested shares. Do I have a legal right to my vested shares as they failed to disclose the clawback clause when I joined the company?
A:
This is not the kind of question that can or should be answered in an on-line forum such as this. You need specific confidential advice from an attorney who can be allowed to review all of the documents and understand a great deal more about the situation. Locate and consult with an attorney who demonstrates to you a high level of competence with stock issuance and shareholder rights. Most general employment law attorneys are not going to fit that bill.
Good luck to you.
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