what type of due diligence did you husband do on the company?

Why did he think the company was preparing for an IPO? Did the owner/company produce false document that misled your hu*****and and his co-workers? did you put a clause in there with a mechanism to put the shares back to the company if IPO does not materialize? if not, you don't have much of a claim. It is not entirely unusual for a company on the verge of an IPO (based on the honest management imagination) to declare bankruptcy --even publicly traded companies can go under. Start up management/founders almost always have an overly optimistic view on their business. You probably need to prove that they intentionally misled you into purchasing shares by producing false facts, not just their own views that might be different from the reality.

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• 回複：what type of due diligence did you husband do on the company? -allison123- ♀ (256 bytes) () 11/29/2009 postreply 10:45:43