I'm dealing with a situation and need some guidance.
409A valuation for option grants. I've been dealing with this for about 7 weeks now and the situation isn't improving.
I have already tried to resolve this directly but the other party is not cooperating.
Has anyone been through something similar? What worked for you?
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.
Attorney here. 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.
I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.
I went through almost the exact same thing.
What worked for me was having everything documented. It took 3-6 months but was worth it.
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