What are my options for keeping stock options and claiming unpaid wages

I am working in a tech start up in a senior position. I started in 2008 and worked without pay for some time since the company could not pay and was trying to raise money at that time. Once company was able to reaise money I got stock options and monthly salary but not the lost wages. Now company is out of cash again and say they can not pay salary to some of the employees including me till they raise more money. I am looking to see what my options could be? I prefer not to continue here in this situation? Should I resign and lose my stock options and give up claim on past salary? What are my legal claims and rights in this situation? No formal employment agreement is in place. Also looking for an attorney with whom I can discuss the details of my case.

1 answer  |  asked Apr 19, 2012 10:03 AM [EST]  |  applies to Texas

Answers (1)

Chris MIltenberger
No attorney-client relationship is created based on this communication. Please consult with an experienced employment attorney as soon as possible to better preserve your rights.**The following comments are for information only and must not be taken as legal advice. The Law Office of Chris R. Miltenberger has not analyzed the details of your potential claim. Law Office of Chris R. Miltenberger cannot and does not give legal advice based on contacts from web sites or e-mail, or based on partial information. The Law Office of Chris R. Miltenberger will not take any action on your behalf unless you and The Law Office of Chris R. Miltenberger sign a legal services agreement. The best thing you can do is speak with one or more experienced employment law attorneys and choose one as your attorney in the case.

Call me at 817-296-0422 if you still need to discuss.

www.crmlawpractice.com

posted by Chris MIltenberger  |  Sep 26, 2012 12:45 PM [EST]

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