See If You Qualify For Monetary Reward
Please Upload related files below
Fill in below.
Looking for more?
WeWork, now “The We Company,” has recently announced a takeover deal with the Company’s largest shareholder, SoftBank. The deal follows on the heels of the Company’s unsuccessful initial public offering, and has been described as “an extraordinary bailout”. Although the deal removes WeWork founder and CEO Adam Neumann from the board, Softbank will grant Mr. Neumann a $185 million consulting fee, the right to sell up to $970 million of his stock, and a $500 million credit line to him that replaces one from a set of banks.
Meanwhile, the company plans to lay off thousands of staff. Further, the Softbank deal also calls for SoftBank to buy WeWork’s private shares from investors and some employees at $19.19 each, leaving employees who were compensated in stock options with those options underwater.
If you stand to lose on the Softbank buyout of WeWork, fill out the form above to get in touch with an attorney.