Legal Opinion

Busch & LaBate v. Westell Technologies, Inc. Sharma v. Westell Technologies, Inc.

Court of Chancery of Delaware

Decided March 2, 2023No. 2022-0090-NAC, 2022-0346-NACPublished

1Opinion of the Court

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE PANKAJ SHARMA, ) ) Plaintiff, ) ) v. ) C.A. No. 2022-0090-NAC ) WESTELL TECHNOLOGIES, INC., et al., ) ) Defendants. ) ) ) STEVEN H. BUSCH, et al., ) ) Plaintiffs, ) ) v. ) C.A. No. 2022-0346-NAC ) WESTELL TECHNOLOGIES, INC., et al., ) ) Defendants. ) ORDER CONSOLIDATING RELATED ACTIONS AND APPOINTING LEAD PLAINTIFF AND LEAD COUNSEL WHEREAS: 1. On October 1, 2020, Westell Technologies, Inc. (“Westell” or the “Company”) undertook a transaction whereby the Company effected a 1-for-1,000 reverse stock split followed immediately by a 1,000-for-1…

2Cases cited3 opinions

  1. Omnicare, Inc. v. NCS Healthcare, Inc.Court of Chancery of Delaware · 2002
  2. Biondi v. ScrushyCourt of Chancery of Delaware · 2003
  3. Joseph v. Shell Oil Co.Court of Chancery of Delaware · 1985

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