S
settlenow
Guest
What is the name of your state? New Mexico
A separation agreement was signed agreeing to binding arbitration. The agreement also states that I will receive quarterly P&L statements and and when the biz makes money I will be paid back the monies owed to me. Well, the P&Ls are thoroughly incorrect - simple math is wrong, figures are incorrect, ommision of proper taxes being paid, miscellaneous expenses and fees paid out, etc. I feel the P&Ls are just made up to suffice the obligation to send them to me.
Question: Since I am receiving untrue and inaccurate financial information on the business and my repayment is based on the accuracy of these documents, can I go to arbitration to show the P&Ls are inadequate and fraudulent and demand full payment now? How can I really know the accurate financial situation of the company?
Any suggestions and or advice greatly appreciated.
A separation agreement was signed agreeing to binding arbitration. The agreement also states that I will receive quarterly P&L statements and and when the biz makes money I will be paid back the monies owed to me. Well, the P&Ls are thoroughly incorrect - simple math is wrong, figures are incorrect, ommision of proper taxes being paid, miscellaneous expenses and fees paid out, etc. I feel the P&Ls are just made up to suffice the obligation to send them to me.
Question: Since I am receiving untrue and inaccurate financial information on the business and my repayment is based on the accuracy of these documents, can I go to arbitration to show the P&Ls are inadequate and fraudulent and demand full payment now? How can I really know the accurate financial situation of the company?
Any suggestions and or advice greatly appreciated.