I was a director of company "A" April 2005 to October 2005.
On Oct 4 2005 the shareholders, one of which was company "B" seized control of it.
On Oct 5 I resigned as a director, on Nov 17 I was fired on trumped-up charges.
Since then, company "C" has become a shareholder in company "A".
Company "C" is/was also a shareholder in company "B".
Company "C" is threatening to sue me (its a personality/bullying thing).
Does company "C" have sufficient standing to do such a thing given my involvement with the company pre-dated theirs by a number of months?
Note, the company revenues during my tenure were zero due to it being in a development phase. Cash burn during my 6 month tenure was a mere 125K, all of which can be accounted for as legitimate.
On Oct 4 2005 the shareholders, one of which was company "B" seized control of it.
On Oct 5 I resigned as a director, on Nov 17 I was fired on trumped-up charges.
Since then, company "C" has become a shareholder in company "A".
Company "C" is/was also a shareholder in company "B".
Company "C" is threatening to sue me (its a personality/bullying thing).
Does company "C" have sufficient standing to do such a thing given my involvement with the company pre-dated theirs by a number of months?
Note, the company revenues during my tenure were zero due to it being in a development phase. Cash burn during my 6 month tenure was a mere 125K, all of which can be accounted for as legitimate.
