Honestly which is wild, looking for advice on a legal issue. Here's what happened.
option pool shuffle diluting founders. I've been dealing with this for about 15 weeks now and the situation isn't improving.
I have already tried to resolve this directly but the other party is not cooperating....
Am I overthinking this or is this a real legal issue worth pursuing?
Not a lawyer, but I have direct experience with this.
Most folks screw this up by is having everything documented. I'd recommend keeping a detailed timeline instead.
The #1 mistake I see here is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.
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.
NAL, but from what I've read, you should check your state's specific laws. But don't just take my word for it, get real legal advice.
Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.
Make sure your operating agreement covers this scenario. Many template ones don't.
Following - going through similar formation decisions.