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He can countersue for anything he wants but I can't imagine how he makes a fraudulent inducement cause of action stick. Fraud is very very difficult to plead and prove. And you have ample counterclaims against him and proof thereof.
He is claiming we never intended to give him shares of stock or profit. He was given checks, cards, online access to account, he was paid for jobs and everything, We just did not get things in writing before we kicked him out.
what does this mean he can't make it stick. Please elaborate.
What he alleges is really breach of contract, not fraudulent inducement. Who will win depends upon what proof each side has, and how well they can present it in court. If he goes to an attorney I don't think he is going to sue for fraud, since fraud is very hard to plead and very hard to prove.