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Cases & Investigations
StarTek Stockholder Litigation

Overview
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Type: Current Cases

Case Number: 2024-0587-LWW

Defendant(s): Sanjay Chakrabarty, Mukesh Sharda, Bharat Rao, Sudip Banerjee, Albert Aboody, Anupam Pahuja, Ankul Agarwal, Nallathur S. Balasubramanian, and Capital Square Partners PTE LTD

Court: Delaware Chancery Court

Wolf Popper LLP and co-counsel are prosecuting a class action in the Delaware Chancery Court on behalf of the former public stockholders of global customer experience outsourcing company StarTek, Inc., whose shares were extinguished as part of the January 2024 Buyout whereby StarTek’s controlling stockholder, Capital Square Partners PTE LTD (“CSP”), acquired the shares of the Company that it didn’t already own.  Under the terms of the Buyout, StarTek’s minority stockholders received $4.30 in cash for each share of StarTek common stock they held. The Buyout closed on January 5, 2024, without a vote by StarTek stockholders.
 
The Complaint filed by Wolf Popper and co-counsel alleges, among other things, that Defendants breached their fiduciary duties when CSP was allowed to utilize its control over StarTek and StarTek’s Board of Directors to effectuate the Buyout, which provided grossly inadequate consideration to StarTek stockholders.  The Complaint further alleges that the StarTek directors who approved the Buyout labored under disabling conflicts of interests and were beholden to CSP.
 
The case is Michael Popper v. Sanjay Chakrabarty, Case No. 2024-0587-LWW (Del. Ch.), pending before Vice Chancellor Lori W. Will.
 

Contact Instructions
Phone: Carl L. Stine - (212) 451-9631
Phone: Antoinette A. Adesanya - (212) 451-9635
Email: Outreach@wolfpopper.com
Cases & Investigations:

Related Attorneys

  1. Antoinette ("Debi") Adesanya
  2. Carl L. Stine

Related Practice Areas

  1. Corporate Transactional / Derivative Litigation

Documents & Links

  1. Filed Complaint

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