Quick background on my situation — any input appreciated.
missing 1099 from defunct exchange. I've been dealing with this for about 11 weeks now and the situation isn't improving.
I have already tried to resolve this directly but got conflicting advice.
What's the typical outcome in situations like this?
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.
I was in your shoes about 6 months ago. Lawyer helped me sort it out pretty quick.
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.
I practice in this area. Here's my take on the legal issues.
The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.
I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.
I talked to a lawyer when this happened to me. Worth every penny.
I went through almost the exact same thing.
I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.
Been there. Here's what I learned.
What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.
Statute of limitations warning: I almost missed the deadline to file my claim. In most states, the clock starts ticking from when the violation occurred OR when you discovered it (the discovery rule). Don't assume you have unlimited time — check your state's SOL for your specific type of claim.
Update: successfully resolved my dispute through arbitration. Total time from filing to award was about 4 months. The arbitrator awarded me the full amount plus attorney fees because the contract had a prevailing party clause. Always check if your contract has fee-shifting provisions.