Our father passed away years ago and he has stocks in the company he worked for that we have been trying to get liquidated (or sell, if that is a more apt term). The company would like to buyout our father's shares and we have no issues with that. The problem we have is that we are being told that they don't have enough to buyout my dad's shares. What's more, we are not receiving dividends from those stocks because they have pending cases which bar them from releasing dividends. And they refuse to let us know the value of the shares. The company is privately owned.
My questions are:
1. Is the company allowed to withhold dividends due to pending cases?
2. If the answer to the above question is yes, once the pending cases of the company are dealt with, are the withheld dividends amount to what is worth on the year it will be given or are we supposed to receive dividends owed from the time it was withheld?
3. The company tells us they don't have the money to purchase the stocks, can we sell it to someone else who does have money and does the company have the right to refuse outsiders (not employed by the company) from purchasing the stocks?
4. Are we entitled to know the value of the stocks?
5. Is there any way to liquidate the stocks and retrieve the dividends even if the company has pending cases?
Let me know if additional information (I won't really give specifics about it but will articulate as best as I can) would needed to understand the situation.
Thanks!