Re:Former employee sues startup for financials in order to v...
by Animats on Friday August 19, 2016 @04:03PM
(#12323057)
Note the 5 day deadline in the law.
This issue has come up before with other companies.[1] The company trying to keep the financials secret lost. Stockholders have a clear right to see the financials and the ownership ("cap table") for valuation purposes.
This issue has come up before with other companies.[1] The company trying to keep the financials secret lost. Stockholders have a clear right to see the financials and the ownership ("cap table") for valuation purposes.
[1] http://courts.delaware.gov/opinions/download.aspx?ID=205650