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Employee Stock Options Class Action Lawsuit

According to some estimates, employees in the US have lost over $1.5 billion dollars in the last few years as a result of the cancellation or devaluation of employee stock options. ERISA (Employee Retirement Income Security Act) is a federal law that sets minimum standards for pension and health plans set up by private businesses, to protect employees who participate in these plans. If your ERISA has lost value, you may want to contact a lawyer to review your class action lawsuit options.

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Employee Stock Option Lawsuits

Employee stock option litigation often involves a breach or misrepresentation of Stock Option Agreements; some scenarios include:
  1. A group of employees' invested employee stock options are wrongfully canceled (i.e., their Stock Option Agreements are breached) when their subsidiary or division is sold by the parent corporation which granted them their options even though the employees continue to work for the same company and in the same jobs after the acquisition;

  2. An employee is denied the rights granted to him by a Stock Option Agreement to accelerated vesting of unvested options following a change in control (merger or sale), despite the fact that his income and/or job duties are dramatically reduced after the merger or sale;

  3. An employee or group of employees are terminated (or their division is sold) specifically to prevent the vesting of unvested employee stock options, which, at least in California, could be a breach of the covenant of good faith and fair dealing; and

  4. A company engages in fraud by lying to its employees about the number of options they will be given, their exercise prices, their vesting schedules and/or their entitlement or lack of entitlement to employee stock options.
Employee stock option lawyers have experience handling all types of employee stock option cases, and exclusively represent employees and focus their practice on employee stock option disputes, employee stock option cases, employee stock option litigation, employee stock option class actions, deceptive trade practices, and breach of Stock Option Agreements in connection with employee stock options.

Stock Options

employee stock lossesEmployee stock options are a form of compensation in which an employee is given the opportunity to purchase shares of the company's stock at a certain price. In many cases, that price is lower than the actual or anticipated market price of the shares. Some employment law specialists believe that employee stock option class actions alleging breach of employee stock option agreements, fraud, and/or wrongful cancellation are the next major frontier in employee class action litigation.

Employee Stock Options Legal Help

If you have suffered stock losses from the cancellation or devaluation of employee stock options, please click the link below to submit your complaint to a lawyer who will review your claim for free.


Last updated on Mar-8-10

EMPLOYEE STOCK OPTION ARTICLES AND INTERVIEWS

ERISA Lawsuits Protect Employee Rights
ERISA Lawsuits Protect Employee Rights Milwaukee, WI: Violations of the Employee Retirement Income Security Act (ERISA) can result in lawsuits against a company and its trustees, as plan participants fight to recover money lost due to improper handling of Employee Stock Ownership Plans (ESOPs) and other benefits plans. The US Department of Labor recently filed a lawsuit against Steven D. Westra, a former trustee of the Westra Construction Inc. ESOP, for allegedly mismanaging his company's employee stock plan. [ Read More ]
Lawyers Investigate Toyota Employee 401k Concerns
Lawyers Investigate Toyota Employee 401k Concerns Torrance, CA: Legal troubles continue to mount for embattled automaker Toyota as a collection of California lawyers begin to investigate potential claims related to the Japanese company's employee 401k defined retirement plans [ Read More ]
TomoTherapy on the Bubble for Potential ERISA Violations
TomoTherapy on the Bubble for Potential ERISA Violations Madison, WI: According to a forthcoming issue of Investment Business Weekly, a shareholder lawsuit is pending in US District Court for the Eastern District of Wisconsin. The defendant in the matter is TomoTherapy Inc., a radiation therapy company that undertook a 401(k) plan and ERISA pension benefits on behalf of its employees. Investigators are attempting to determine if TomoTherapy and the administrators of the Company's 401(k) plan failed to prudently conduct and manage investments. [ Read More ]

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