"There won't be an IPO, so suck it up."

Philip Leon Marcus

Case Conclusion Date:April 5, 2005

Practice Area:Business

Outcome:Negotiated a settlement that gave my client about 50% more than his missed salary, over 1/3 of a million dollars.

Description:Client, an engineer, gave up 2 years salary at startup in exchange for promise of an IPO at 4 years. Company made a ton of money, but founder refused the IPO that would have lost him control of his ‘baby.’