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Registered
Join Date: Jun 2007
Location: Lake Oswego, OR
Posts: 6,330
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I am NOT EVEN CLOSE to being an expert here. So bear with me. My thought is this: the employer has, or may have (depending on the type of purchase plan) a fiduciary duty to the participants. That is - they can not act against your best interest - which they did.
Did I mention not being an expert? If this is some sort of ESOP, I believe that the Fiduciary role applies.
If so, you could consult an attorney that focuses on these issues.
Best of luck. This is a crap situation.
Larry
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