You cannot just dissolve a company without informing shareholders AND paying them out their shares...
You can't just invent Microsoft and get 20%... Then Bill feels you make too much so he closes microsoft, doesn't pay you, and opens up macrohard with the same patents and premises of microsoft....
The fact no judge ever threw out the original case should tell you that this ain't some BS hit job
I said the same thing. "As long as as the agreements were satisfied and resolved."
You absolutely CAN without informing minority shareholders, because they aren't decision makers. And informing them is no more than a letter that on X-date, this company will cease to exist. Secondly, there would be verbiage in the original contract/policy manual that you signed and did not read that said what would happen when the company dissolved, or you are no longer an employee.
I hate to inform you, but everyone isn't entitled to severance or compensation package. There is a such thing as "at will". If your office closed today or tomorrow, or they eliminated your position next week, they would tell you, but other than your hours worked, and possibly paying out PTO time according to your policy, you may not receive anything else. Nor do they have to. It isn't illegal, just looked at as immoral. So you're saying you never heard of a company dissolving, then reopening later with a similar name but none of the old guard? Essentially, it is the same practice when a company is bought out, and every person in a position prior to the buyout is "let go."
The original case wasn't thrown out, it was discontinued. According to the article, they threatened to cut off his health insurance, meaning he was notified in advance. he was no longer under them, so while you may say "that's crazy, even though he was sick", what's illegal about discontinuing health insurance for an employee no longer your company?
