"Vogt, as the sole Director of Cruise Automation, Inc., authorized the issuance of 50% of the Company’s stock to Guillory;"
That seems like a very clear statement. It's either true, in which case Guillory has a very strong case, or it's false and he doesn't.
"Cruise Automation is a Delaware C Corporation created in September 2013. 50/50 split between Kyle and Jeremy."
Edit: Added quote.
Just searching for Cruise Automation reveals Incorporation date as 24/09/2013
Without looking at the incorporation documents on file, I'm sure they don't say that Jeremy gets 50% of the stock. If they did, there wouldn't be a lawsuit. It would be cut and dry.
I think what Jeremy is arguing is that he and Kyle had an agreement in the early days before paperwork, and that that agreement was not properly documented when the paperwork was written up. This is an extremely difficult thing to prove, and Kyle and his investors will no doubt lean heavily on the actual paperwork to sway the court.
Anyway, my main point above was that giving Delaware $20 to download the incorporation documents is not likely to resolve the case. Thanks.
>If you are requesting the $20 detailed information option, this application will not return actual images of the documents on record. This application will return a page listing the 5 most recent filings, franchise tax assessment, total authorized shares if applicable and tax due. Officer and Director names and addresses are maintained on the images of the annual reports and are not available through this application. If you wish to order a copy of an annual report please call 302-739-3073 for more information
And (my guess) is that the real reason they care about the split is that they're looking for red flags. i.e. is the cap table already messy with lots of people on it? Is the split NOT 50/50 signalling the founders don't consider each other equals which is a bad sign, etc.
Of course it is. All documents are legal documents.
Talk to your lawyer before posting on social media.
Also interesting because it makes reference to the earliest prototype.
It amazes me from the other HN replies comments how much debate and confusion there is, about something so obvious.
On the other hand, I know how normal it can feel to trust each other, procrastinate on docs, and just get all over the tech.