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1
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ORDER AND FINAL JUDGMENT OF DISMISSAL
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EXTRACTED KEY WORDS
COURT STIPULATION HEREBY PARTIES MEMBERS PLAINTIFFS REPRESENTATIVES ATTORNEYS CHANCERY RULES JUDGEMENT SCHEDULING ORDER THEREIN COUNSEL DEFENDANTS PURSUANT DETERMINATION ADEQUATE PARTNERSHIP CLAIMS ASSERTED THEREIN EXCLUDING SUCCESSORS EVIDENCE ADMISSION FEES ADMINISTRATORS ENFORCEMENT JURISDICTION SETTLEMENT HEARING ACCORDANCE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
---___-_____--____----------------- X
LARRY L. BOBBITT,
Plaintiff, Civil Action Np
15386-NC J
V.
AETNA REAL ESTATE ASSOCIATES, L.P.,
AREA GP CORPORATION and
AETNA/AREA CORPORATION,
Defendants.
--____--___-________--------------- X
THOMAS ESTES,
Plaintiff, Civil Action No.
15393-NC -
V.
AETNA REAL ESTATE ASSOCIATES, L.P., . .
AREA GP CORPORATION and .:
AETNA/AREA CORPORATION, I.,
Defendants.
--___---___----___-_--------------- X
ORDER AND FINAL JUDGMENT OF DISMISSAL
The Stipulation and Agreement of Compromise, Settlement and Release, dated
March 15, 1999 (the "Stipulation"), of the above-captioned actions (the "Actions"),
having been presented at the Settlement hearing on May 19, 1999, pursuant to the
scheduling order for Approval of Settlement of Class Actions entered herein on March
16, 1999 (the "Scheduling Order"), which Stipulation was joined and consented to by
all parties to the Actions and which (along with the defined terms therein) is incorpo-
SNIPPETS:
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2
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OBJECTION TO PROPOSED SETTLEMENT
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EXTRACTED KEY WORDS
DELAWARE PROPOSED SETTLEMENT ATTORNEY ESQS ILMINGTON SWORN YORK TIKELLIS LLP RODMEY SQUARE DEPOSITING COUNTY REASONS UNDERSTANDING BASIS REQUESTING OPINION INDIVIDUAL UNIT HOLDER CENTS LAWSUIT WORTH MUMBO JUMBO IMAGINE LAY ENCOUNTER LAWS PERMIT CONCISE INFORMATION AVOID MAKING INVESTMENTS |
The Court of Chancery of the
State of Delaware, New Castle County
Re: Bobbitt v. Aetna
Civ. #15386-NC
Estes v.`
x ri:
Civ. #`l5393-NC . ._ . r'
i
1.. _ @>
t' .
-J,,,. -`-
OBJECTIONS TO PROPOSED SETTLEMENT HQ .-:i.
@.-:
-3;;"
-9
cl
I, Alex A. Bohm, hereby object to the terms of the proposed
settlement of the above entitled class actions.
The reasons for my objections are that the notice of the pendency of said
action and of the proposed settlement of these actions do not furnish
sufficient information in plain language to afford investors a reasonable
opportunity to make an intelligent decision.
The ten page notice received by the undersigned on April 6, 1999 was
the first notice that any class action has been commenced which presumed
to include me as a class member. This notice did not inform the investors of
the nature of the claim against the partnership, the amounts involved, the
basis for the claim and does not identify the individuals who allegedly have
violated the rights of the class. Nor did this notice translate the damages
and costs on a per share basis. This, after all, is the only meaningful
information that investors can use, since the notice does not apprise us of
the number of units that share the loss or expense.
While there is an indication that approximately $.20 per unit distribution will
be made by April 15, 1999, we have no idea what affect the settlement will
have on the value of our investment. More significantly, the attorneys for
the class who are requesting a $2,000,000 fee have not favored us with
their opinion as to how the proposed settlement will affect the individual unit
holder. What is the dollar and cents value of our per unit investment before
this lawsuit was brought and how much is it worth now, after the proposed
settlement.
If I as an attorney have difficulty understanding the mumbo jumbo of
this ten page notice, then just imagine the difficulty that lay persons must
SNIPPETS:
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3
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SETTLEMENT
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EXTRACTED KEY WORDS
SETTLEMENT STIPULATION AGREEMENT COURT PLAINTIFFS PARTIES PURSUANT REAL ESTATE DEFENDANTS INVESTMENT PORTFOLIO FEE LAW AETNA REAL ESTATE ATTORNEYS GENERAL PARTNERS CLASS COUNSEL REPRESENTATIVE PLAINTIFFS CLASS MEMBERS AETNA/AREA CORPORATION SQUARE FEET NET ASSET DISTRIBUTION PARTNERSHIP PROPERTIES BUILDINGS SETTLED CLAIMS COMPROMISE REDUCTION ACRE SITE PROVISIONS MARKETING PLAN |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
__________-______----------------
LARRY L. BOBBITT,
Plaintiff,
V.
AETNA REAL ESTATE ASSOCIATES, L.P.,
AREA GP CORPORATION and
AETNA/AREA CORPORATION, ,.
,.. , `. "
Defendants. - L.
_--_--_----___------------------- --
THOMAS ESTES,
Plaintiff, Civil Action No.
15393 NC
V.
AETNA REAL ESTATE ASSOCIATES, L.P.,
AREA GP CORPORATION and
AETNA/AREA CORPORATION,
Defendants.
__--__-_____--_____---------------- X
STIPULATION AND AGREEMENT OF
COMPROMISE, SETTLEMENT AND RELEASE
STIPULATION AND AGREEMENT OF
COMPROMISE, SETTLEMENT AND RELEASE
The parties to the above-captioned actions (the "Actions"), by and
through their attorneys, have entered into the following Stipulation and Agreement of
Compromise, Settlement and Release (the "Stipulation" or the "Settlement") subject
SNIPPETS:
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4
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V. AETNA REAL ESTATE ASSOC. NOTICE OF SETTLEMENT
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EXTRACTED KEY WORDS
SETTLEMENT PARTNERS COURT LIMITED PARTNERS DEFENDANTS SCHEDULING ORDER INVESTMENT PORTFOLIO FEE REAL ESTATE AETNA REAL ESTATE PROPOSED SETTLEMENT SETTLEMENT HEARING DELAWARE CLASS COUNSEL PARTNERSHIP AGREEMENT PROVISIONS SUCCESSORS REPRESENTATIVE PLAINTIFFS GENERAL PARTNERS SQUARE FEET CLASS MEMBERS AETNA/AREA CORPORATION THOMAS ESTES NET ASSET DISTRIBUTION REDUCTION PARTNERSHIP PROPERTIES CLASS ACTION DETERMINATION STIPULATION BUILDINGS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
-----------------------------------x
LARRY L. BOBBITT,
Plaintiff, .
V
AETNA REAL ESTATE ASSOCIATES, L.P.,
AREA GP CORPORATION and
AETNA/AREA CORPORATION,
Defendants.
-----------------------------------x
THOMAS ESTES,
Plaintiff, Civil Action No.
15393 NC
V.
AETNA REAL ESTATE ASSOCIATES, L.P., :
AREA GP CORPORATION and
AETNA/AREA CORPORATION,
Defendants. :
NOTICE OF PENDENCY OF CLASS ACTIONS,
PROVISIONAL CLASS ACTION DETERMINATION,
PROPOSED SETTLEMENT OF CLASS ACTIONS,
SETTLEMENT HEARING AND RIGHT TO APPEAR
TO: All Owners Of Units In Aetna Real Estate Associates, L.P. (the "Partner-
ship") as of [the Date of the Issuance of the Scheduling Order] (the "Class").
THIS NOTICE RELATES TO A PROPOSED SETTLEMENT OF
UNIT-HOLDERS' CLASS ACTIONS AND THE CLAIMS ASSERTED THEREIN.
THE LIMITED PARTNERS OF AETNA REAL ESTATE ASSOCIATES, L.P. AS
SNIPPETS:
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