Quick background on my situation — any input appreciated.
409A valuation for option grants. I've been dealing with this for about 5 weeks now and the situation isn't improving.
I have already consulted briefly with a lawyer but the other party is not cooperating.
Should I hire a lawyer for this or try to handle it myself?
I practice in this area. Here's my take on the legal issues.
There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.
Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.
I've dealt with this before.
The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.
NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.
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