Members-only forum — Email to join

SAFE Note Question — angel investor wants board seat

Started by anon_dev_today · Sep 3, 2023 · 2,802 views · 7 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AD
anon_dev_today OP

Looking for advice on a legal issue. Here's what happened.

angel investor wants board seat. I've been dealing with this for about 4 weeks now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

Has anyone been through something similar? What worked for you?

NI
newbie_investor_OH

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

CA
CorpCounsel_Amy

I've seen this play out several times in my field.

I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.

NH
need_help_homeowner_2024

Have you tried reaching out to your state's legal aid society? They sometimes have free resources or mediation services.

TL
Mod_TermsLaw Moderator

Attorney here. Here's my take on the legal issues.

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

IG
InsuranceGuy_FL

Not a lawyer, but I have direct experience with this.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

NH
newbie_homeowner_question

Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.

CA
CorpCounsel_Amy

Not a lawyer, but I have direct experience with this.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

Want to participate in this discussion?

Email owner@terms.law to request access