Stock payment not paid

[veloria]

What is the name of your state? FL

I invested $4800 in the company I worked for for 8 years. In December I was let go and signed a severance agreement stating that my severance pay was all I would be getting.

After that, I contacted my former boss (owner) about selling my stock shares. In 2 separate emails, he told me I would be repaid the $4800 plus an additional 10% over 3 months. The final payment was due on April 15th. I have only received the initial $4800 and all calls or emails about the additional 10% have been ignored.

Can I take them to small claims court since I had signed a severance agreement? I believe I can since it is a separate issue. If so, do I sue the company or the owner since he was the one who offered the additional 10%? Thanks!

[shortbus]

Yes you have a claim. You sue the company. The owner was acting as an employee of the company, he was not personally liable.

[Rhubarb297]

Originally Posted by veloria

What is the name of your state? FL

I invested $4800 in the company I worked for for 8 years. In December I was let go and signed a severance agreement stating that my severance pay was all I would be getting.

After that, I contacted my former boss (owner) about selling my stock shares. In 2 separate emails, he told me I would be repaid the $4800 plus an additional 10% over 3 months. The final payment was due on April 15th. I have only received the initial $4800 and all calls or emails about the additional 10% have been ignored.

Can I take them to small claims court since I had signed a severance agreement? I believe I can since it is a separate issue. If so, do I sue the company or the owner since he was the one who offered the additional 10%? Thanks!

I think it's a separate issue too but it might depend on the wording of that severance agreement.

When in doubt, sue them all. There's no harm in doing so - an inappropriate party might get dismissed, but better that than not having named somoene you should. You haven't identified what type of entitity this is. That could be important. But in the event the owner is acting outside the scope of his authority given to him by the company, it might be good to name him individually.