Gilstrap v. Radianz Ltd.

MEMORANDUM AND ORDER

CASTEL, District Judge.

Plaintiffs bring this action on their own behalf and on behalf of current or former employees of defendants Radianz Ltd. (“Radianz”) and/or Radianz Americas, Inc. (collectively, the “Radianz Cos.”), asserting claims relating to a stock option plan which governed the plaintiffs’ rights to acquire shares in Radianz (the “Plan”). Plaintiffs contend, among other things, that the Ra-dianz Cos. breached their obligations under the Plan, and that, in connection with a sale of the Radianz Cos. by defendants Reuters Limited, Blaxmill (Six) Limited, Reuters C…