Class Action | Employment Law | Refusal to Provide Promised Stock Options
Sassone v. Commonwealth Energy Corporation
Class Action against Commonwealth Energy Corp. who attempted to induce persons to accept employment by offering new employees 250 stock options for each month of employment. When the company realized the arrangement did not make good business sense, they stopped making the offers and refused to provide the stock options to those employees to whom the representation were made to. Eventually, a settlement was reached for all eligible employees equal to the value of the stock options in the amount of $190,000.00.