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A comment on Zenefits Loses Over Half of Its Value. Parent comment

Re:Zenefits Loses Over Half of Its Value by zaroth on Thursday June 30, 2016 @11:35PM (#12013717)
Excellent analysis as usual! If this type of rewriting the cap table is legal, then what is/are the defining factors of illegal manipulation of the cap table?
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Re:Zenefits Loses Over Half of Its Value by moritzplassnig on Friday July 01, 2016 @06:36AM (#12014985)
It could have happened anyway because the Series C investors could have sued. The company (obviously) didn't disclose any of the fraudulent behavior when they raised the C round (= they can get sued). Doing it like that is cleaner and makes sure that the company has a future.
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Re:Zenefits Loses Over Half of Its Value by williamscales on Friday July 01, 2016 @01:46AM (#12014089)
Typically it's that not all parties agree.
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