Can an investor sue an employee for losses from a failed start up company? 1 Answers as of July 14, 2011
I worked for a international start up company. I had no ownership in this company and it has since gone out of business. An investor in the company is suing the company, and the ceo to recover a lost investment. The investor subpeoned the bank records and saw I was paid some money and is now suing me for this money. I don't have any money to defend myself and almost think this is harassment and or frivolous. What are my options?
Law Offices of Steven A. Fink
| Steven Alan Fink
If the company has insurance or assets they have a duty to defend you. If not, you have to defend yourself. Claim appears frivolous and you can probably file a demurrer to test its validity.
Answer Applies to: California
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