Stamos v. Verdasys, Inc.

Billings, Thomas P., J.

In this and a related putative class action (Sanderson et cd. v. Verdasys, Inc. et al., SUCV 12-621-BLS1), minoriiy shareholders have challenged a recapitalization in early 2011 of Ver-dasys, Inc, a closely held Delaware corporation. The plaintiff in this case (hereinafter, “Stamos”) originally asserted the same claims and one more for negligent misrepresentation, on the same allegations, as were made on behalf of the class in Sanderson, and additional claims arising out of his employment relationship with Verdasys. For reasons detailed in the margin,1 Stamos’s…