I was employee of a private company in California working there for about 5 years. About 8 years ago the company was acquired by large public company for about $85 million.
I was one of the first few key employees when the company started. The company had allocated me stocks as employee incentive when it was private. I was terminated by the company but at that time all my stocks were fully vested. The company had 2 to 1 stock split while I was employed there and I received additional shares equal to my existing shares at that time. There were a couple of other employees with stocks who also left the company around the time I was terminated.
Just about 2 months ago it came to my knowledge that the company had another 2 to 1 stock split while it was private and at that time I was not employee there anymore. While the other employee who had left at about same time received proper amount of additional shares to adjust for the split. But I was never issued these shares. This amounts to losing half the money I could have made during the dot com days.
Neither the transfer agent of the publicly traded company informed me of this when I received shares of stock of the publicly traded company in exchange for stock the company I worked for. Now that company does not exist any more since quite a few years but the publicly traded company still doing well although its stock price now is 10% of the price it had during the times it I traded my shares in the dot com era.
Now my big question: state of limitations would make my case now useless because its been 8 years since the event occurred.?
If I still have good chance to succeed in this case what can be the possible outcome?