Linkwell Corporation is primarily in the business of specialty cleaning, polishing and sanitation preparations.

According to the law firm press release, the acquisition was undertaken on behalf of Defendants to extinguish valuable claims asserted against them (and others) in a previously filed derivative action, as well as to directly acquire for themselves the assets and operations of Linkwell at a grossly inadequate price. Defendants did not provide Plaintiff and other similarly situated public shareholders of Linkwell with any notice with respect to the Acquisition. As a result of the failure to provide the requisite statutory notice, Plaintiff and other similarly situated public shareholders were unlawfully and unfairly deprived of the opportunity to: evaluate whether the $0.88 per share merger consideration was fair; vote to approve the Merger Agreement; exercise appraisal rights; or move to enjoin the Acquisition.

The Court issued an Order appointing Lead Plaintiff and Counsel on March 3, 2017. An amended Complaint was filed on October 19. Defendants filed a Motion to Dismiss the amended Complaint on December 18. On April 2, 2018, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. On April 3, the Court issued an Order referring the Parties to mediation. On February 8, 2019, the parties filed a joint Notice of Partial Settlement. On March 22, the parties filed a Notice of Global Settlement indicating that the parties expect to file a Motion for Preliminary Approval of the Settlement Agreement no later than May 3, 2019. On May 21, the parties entered into a Stipulation of Settlement. The Court issued an Order preliminarily approving the Settlement on July 12. On November 20, the Court granted final approval of the Settlement and entered Final Judgment. On May 29, 2020, the Court granted the Class Representatives' unopposed Motion for Distribution of the net Settlement fund.