California  |  Investment Law

Legal Question

Asked on: 10/31/13, 3:40 am

My family owes shares of a private company in California. I believe they are common stock but they might be preferred, I can't remember. Anyway, the company was bought out by another company that I believe is also private. What rights do we have as shareholders in this transaction? We've been trying to recoup our investment for over ten years and would be elated if we could do that as a result of this buyout.

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