News

O’Brien Law Firm sues cybersecurity startup over equity dispute

On May 20, 2021, the O’Brien Law Firm sued an Austin-based cybersecurity startup on behalf of two former employees who claim that the company failed to recognize their equity interests in the company for purposes of a buyout opportunity during a recent significant private equity investment round. O’Brien’s clients claim that had their interests been recognized, they would have been entitled to a combined $2.1 million equity buyout as part of the investment event. After filing suit, the parties moved the dispute to arbitration per the terms of the company’s arbitration dispute resolution plan.

From our blog

Go to the blog
O’Brien Law Firm settles overtime claim for CAD drafter

One job position commonly treated as exempt from overtime, but which appears to be non-exempt under the law (must be paid overtime pay), is a CAD (computer-aided design) drafter. CAD drafters typically use programs such as AutoCAD, IntelliCAD, and Siemens Solid Edge. While CAD drafters typically work on technical designs for complex machinery and structures, […]

Read More
O’Brien Law Firm files suit for unpaid quarterly bonus

On May 18, 2022, the O’Brien Law Firm filed suit in a Travis County court on behalf of a former employee of an Austin-based technology startup geared towards governmental entities. The employee was laid off, but the company failed to pay his promised bonus for the 4th Quarter of 2021. At first, the employee’s manager […]

Read More