And those employees probably have justification for a civil case, which doesn't require the SEC to be involved.
Even if you have a chance to get your walkaway money, it's just a job. They pay you for your skills and your talent, not your personal life. Be involved, be professional, care, but do not get personally attached.
What you bring from a job is learning experience and new friendships, but the job itself should be viewed as a pretty ephemeral concept. Never fall for the "we are a family" line - it's incredibly hard to be fired from a "family".
Some employees were indeed able to sell shares twice along the way, just like Neumann was. The most recent sale opportunity, in January 2019, offered employees $54 per share if they sold their equity to SoftBank, WeWork’s largest outside shareholder, according to WeWork’s financial prospectus, at an overall valuation of around $23 billion.
Not everyone was eligible to sell, nor did everyone take that opportunity. Those who did are, with the benefit of hindsight, thankful.
https://www.vox.com/recode/2019/9/30/20887656/juul-wework-em...
Plus i m not sure how sympathetic judges are going to be for employees' anger that they didn't become overnight millionaires
In the meantime, your CEO walks away with over a billion dollars in his pocket on a handshake deal to basically shut up and leave.
I would be furious if I was an employee that dedicated time and energy to this company.