Legal Question in Business Law in California

Is it legal for the owners of a company to tell an employee that if he turns over his shares to them he can keep his job?


Asked on 8/11/09, 10:40 pm

2 Answers from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Well, probably, but the question is so sparing of background information it is really impossible to tell whether both parties here have their snouts above water. Sounds like there's a lot more going on, and maybe some of it is a breach of contract, a tort, or a crime, which are three of the levels of "illegality."

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Answered on 8/12/09, 12:37 am
Terry A. Nelson Nelson & Lawless

Legal? Sure. Fair and reasonable? Maybe not. This appears to be a negotiation over some problem. If you want to get actual legal advice, feel free to contact me to arrange to discuss the facts and issues and documents.

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Answered on 8/12/09, 1:16 pm


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