scorpion 2
Veteran
- May 11, 2012
- 539
- 562
He may have had both shares or units in his 401 and options. What most members never knew is that we had a Bankruptcy Protection LOA that was supposed to protect our options. Sharon L. was given a copy of it in Dec of 2011. The twu equity committee also had a copy of it. Their position is that its voided out if a BK is filed. Whats the point of a BK protection agreement if its voided when a BK is filed. If anyone still talks to Jim Little you might ask him to explain that one. We were supposed to get an equity plan equal in value when the company exited BK.
