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1
.
DEFENDANTS ANSWERING BRIEF IN OPPOSITION TO PLAINTIFFS MOTION FOR AWARD OF ATTORNEYS FEES AND LITIGATION COSTS
|
EXTRACTED KEY WORDS
FEES COURT SUPPLEMENTAL DISCLOSURES AWARD TRANSACTION DEFENDANTS LITIGATION KENETECH MOTION DEL ATTORNEYS PROPOSED TRANSACTION SCHEDULING CONFERENCE COUNSEL APP CHRISTENSON STOCKHOLDERS COMPLAINT LITIGATION COSTS REASONABLENESS SPECIAL COMMITTEE DERIVATIVE SUIT FIRST INTERSTATE UNITED STATES SUPREME MERGER AGREEMENT PRELIMINARY INJUNCTION HOULIHAN LOKEY VALUATION ACCORDING |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A.
KOHLS,
Plaintiffs, 5
V. ; CA. No. 17762
)
ANGUS M. DUTHIE, MARK D. LERDAL,
GERALD R. ALDERSON, CHARLES
CHRISTENSON, GERALD R MORGAN,
JR., MICHAEL. D. WINN and KENETECH
CORPORATION,
Defendants.
DEFENDANTS' ANSWERING BRIEF IN OPPOSITION TO PLAINTIFFS'
MOTION FOR AN AWARD OF ATTORNEYS' FEES AND LITIGATION COSTS
Charles F. Richards, Jr.
Raymond J. DiCamilla
Kelly C. Ashby
Richards, Layton & Finger
One Rodney Square
P.O. Box 55 1
Wilmington, Delaware 19899
(302) 658-6541
Attorneys for Defendants Mark D.
Lerdal, Charles Christenson, Angus
Duthie, Gerald R. Alderson, Gerald R.
Morgan, Jr. and Michael D. Winn
Todd C. Schlitz
Wolf, Block, Schorr and Solis-Cohen LLP
920 King Street, Suite 300
Wilmington, Delaware 19801
(302) 777-03 12
Attorneys for Defendsant
KENETECH Corporation
Dated: May 14, 2001
RLFI-2294409-l
TABLE OF CONTENTS
SNIPPETS:
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2
.
PLAINTIFFS MOTION FOR AWARD OF ATTORNEYS FEES
|
EXTRACTED KEY WORDS
DEFENDANTS COURT KENETECH FEES MOTION LITIGATION KOHLS PREJUDICE ATTORNEYS COSTS SUPPLEMENTAL DISCLOSURES STOCKHOLDERS AWARD DEL GERALD TRANSACTIONS CHARLES CHRISTENSON MATERIALS PRELIMINARY INJUNCTION SHAREHOLDERS SECOND AMENDED COMPLAINT ANGUS ALDERSON MICHAEL EXPEDITED DISCOVERY DERIVATIVE CLAIM OFFICE CONFERENCE MINIMUM CONDITION PRELIMINARY INJUNCTION HEARING |
i,;:,
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY 4
ROBERT L. KOHLS and LOUISE A. : / ,J d
KOHLS,
Plaintiffs,
V. : Civil Action No. 17762-NC
ANGUS M. DUTHIE, MARK D.
LERDAL, GERALD R. ALDERSON,
CHARLES CHRISTENSON,
MICHAEL D. WlNN, GERALD R.
MOKGAN, JR., and KENETECH
CORPORATION,
Defendants.
NOTICE OF MOTION
TO: Charles F. Richards, Esq. Todd C. Schiltz, Esq.
Raymond DiCamillo, Esq. Wolf Block Schorr & S&s-Cohen
Richards, Layton & Finger 920 King Street
One Rodney Square Suite 3 00
Wilmington, DE 1980 1 Wilmington, DE 19801
PL,EASE TAKE NOTICE that the attached Plaintiffs' Motion For An
Award of Attorneys' Fees and Litigation Costs and a Voluntary Dismissal Without
Prejudice will be presented at the earliest convenience of the Court
MO JAMES, HITCHERS' &
Date : April 23, 2001
Lewis H. Lazarus (#2374)
Stephanie M. Tarabicos (#3442)
222 Delaware Avenue - 1 Oth Fl.
P.O. Box 2306
Wilmington, Delaware 19899
(302) 888-6800
Attorneys for Plaintiffs
SNIPPETS:
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3
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
PLAINTIFFS SPECIAL COMMITTEE DEFENDANTS SHARES KENETECH PRELIMINARY INJUNCTION STOCK DERIVATIVE CLAIM OPINION HOULIHAN COURT ESQUIRE DEL DISCLOSURES DELAWARE VALUATION DERIVATIVE LITIGATION DIRECTORS PROPOSED TRANSACTION STOCKHOLDERS CHRISTENSON MINIMUM TENDER CONDITION COMPLAINT WILMINGTON INDEPENDENCE BUSINESS JUDGMENT DERIVATIVE ACTION BUSINESS JUDGMENT RULE PURCHASER |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A. 1
KOHLS, >>
Plaintiffs, 1>
V. 1 Civil Action No. 17762-NC
>
ANGUS M. DUTHIE, MARK D. )
LERDAL, GERALD R. ALDERSON, >
CHARLES CHRISTENSON, 1
GERALD R. MORGAN, JR., >
MICHAEL D. WINN, and 1
KENETECH CORPORATION, 11
Defendants. 1
MEMORANDUM OPINION
Submitted: December 5, 2000
Decided: December 11, 2000
Edward M. McNally, Esquire (argued), James W. Semple, Esquire, and Stephanie M.
Tarabicos, Esquire, MORRIS, JAMES, HITCHENS & WILLIAMS LLP, Wilmington,
Delaware, Attorneys for Plaintiffs.
Charles F. Richards, Jr., Esquire (argued), Raymond J. DiCamillo, Esquire and J.
Travis Laster, Esquire, RICHARDS, LAYTON & FINGER, Wilmington, Delaware,
Attorneys for Defendants.
Todd C. Schiltz, Esquire, WOLF, BLOCK, SCHORR & SOLIS-COHEN, LLP,
Wilmington, Delaware, Attorneys for Nominal Defendant.
LAMB, Vice Chancellor
I. INTRODUCTION
This is an application for a preliminary injunction against a management
buy-out transaction being sponsored by a third-party venture capital fund. The
corporation's CEO, who owns 35 percent of the common stock, has agreed to
participate in the buyout by contributing his shares to the purchaser in exchange
SNIPPETS:
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4
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
PLAINTIFFS SPECIAL COMMITTEE DEFENDANTS SHARES DIRECTORS KENETECH PRELIMINARY INJUNCTION STOCK DERIVATIVE CLAIM HOULIHAN COURT ESQUIRE DEL DISCLOSURES DELAWARE VALUATION DERIVATIVE LITIGATION PROPOSED TRANSACTION STOCKHOLDERS CHRISTENSON MINIMUM TENDER CONDITION DERIVATIVE ACTION COMPLAINT WILMINGTON COMMON STOCK INDEPENDENCE BUSINESS JUDGMENT FINANCIAL ADVISORS PURCHASER |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A. >
KOHLS, >1
Plaintiffs, >>
V. > Civil Action No. 17762-NC
)
ANGUS M. DUTHIE, MARK D. )
LERDAL, GERALD R. ALDERSON, )
CHARLES CHRISTENSON, )
GERALD R. MORGAN, JR., )
MICHAEL D. WINN, and )
KENETECH CORPORATION, ))
Defendants. )
MEMORANDUM OPINION
Submitted: December 5,200O
Decided: December 11, 2000
Edward M. McNally, Esquire (argued), James W. Semple, Esquire, and Stephanie M.
Tarabicos, Esquire, MORRIS, JAMES, HITCHENS & WILLIAMS LLP, Wilmington,
Delaware, Attorneys for Plaintiffs.
Charles F. Richards, Jr., Esquire (argued), Raymond J. DiCamillo, Esquire and J.
Travis Laster, Esquire, RICHARDS, LAYTON & FINGER, Wilmington, Delaware,
Attorneys for Defendants.
Todd C. Schiltz, Esquire, WOLF, BLOCK, SCHORR & SOLIS-COHEN, LLP,
Wilmington, Delaware, Attorneys for Nominal Defendant.
LAMB, Vice Chancellor
SNIPPETS:
|
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5
.
PLAINTIFFS ANSWER TO MOTION TO COMPEL
|
EXTRACTED KEY WORDS
PLAINTIFFS PRIVILEGE ATTORNEY DEFENDANTS DISCOVERY WAGDA WORK PRODUCT PREPARATION PARTY COMMUNICATIONS MORRIS JAMES CLIENT COURT INTERROGATORY BASIS KOHLS PROTECT DEL MATERIALS DISCLOSURE INTEND MENTAL IMPRESSIONS OPINION ALLEGATIONS REGARD WORK PRODUCT DOCTRINE ANTICIPATION SUPPLIES RESPONSE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A.
KOHLS
Plaintiffs,
V. : Civil Action No. 17762-NC
ANGUS M. DUTHIE, MARK D.
LERDAL,, GERALD R. ALDERSON,
and CHARLES CHRISTENSON,
De:fendants, and
KENETECH CORPORATIO-N,
Nominal Defendant
PLAINTIFFS' ANSWER TO
DEFENDANTS' MOTION TO
- - COMPEL
Plaintiffs, Robert L. and Louise A. Kohls (collectively "Plaintiffs" or the "Kohls") hereby
respond to Defendants' motion to compel the production of certain documents and answers to
certain interrogatories.
Background
1. In this motion `to compel filed by Defendants, the court is asked to determine
whether certain discovery withheld by Plaintiffs on certain legal gr'ounds must be produced.
Each allegation is addressed in turn.
Privileged Documents
2. Defendants argue that documents which Mr. Joseph A. Wagda ("Mr. Wagda")
either authored or received are not privileged, or, alternatively, any privilege is waived. Citing
D.R.E. 5 10, the basis of their argument is that Mr. Wagda is not a party to this litigation and
SNIPPETS:
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6
.
ANSWER TO SECOND AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
PARAGRAPH COMPLAINT DEFENDANTS DENY KENETECH DEFENDANTS ADMIT COURT RESPONSES RESPONSIVE PLEADING COMMON STOCK PLAINTIFFS DEFENDANTS RESPECTFULLY REFER THEREOF OFTHE COMPLAINT PURCHASE HOULIHAN DELAWARE DUTHIE GERALD ALDERSON WINN MORGAN SHARES AGREEMENTS REFERENCE TERRASEARCH FRANCISCO PARTNERS MERGER HOLDING CORPORATION RELIEF |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN .AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A.
KOHLS, i>
Plaintiffs,
;
V. Civil Action No. 17762-$Nc
;
ANGUS M. DUTHIE, MARK D. LERDAL, )
GERALD R. ALDERSON, CHARLES
CHRISTENSON, GERALD 13. MORGAN, ;
JR., MICHAEL D. WINN and KENETECH )
CORPORATION,
;
Defendants. >
ANSWER TO SECOND AMENDED COMPLAINT
Defendants KENETECH Corporation ("KENETECH"), Michael D. Winn, Gerald R.
Morgan, Jr., Angus M. Duthie, Mark D. Lerdal, Gerald R. Alderson and Charles Christenson hereby
answer the second amended co:mplaint (the "Complaint") herein as follows:
NATURE OF THE FIRST CAUSE OF ACTION
I
1. Defendants admit the allegations contained in paragraph 1 of the Complaint.
2. The allegations contained in paragraph 2 of the Complaint set forth legal
to which no responsive pleading is required.
3. Defendants deny the allegations contained in paragraph 3 of the Complaint.
a. Defendants deny the allegations contained in paragraph 3(a) ofthe
except defendants admit that Messrs. Lerdal, Christenson, Alderson and Duthie were aware that The
Hillman Company ("Hillman") was interested in selling the shares of KENETECH common stock
RLFl-2231189.1
SNIPPETS:
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7
.
DEFENDANTS OPPOSITION TO REQUEST FOR EXPEDITED PROCEEDINGS
|
EXTRACTED KEY WORDS
PLAINTIFFS KENETECH DEFENDANTS PROCEEDING POTENTIAL MERGER COURT REQUEST CHRISTENSON STOCKHOLDERS MERGER AGREEMENT TENDER DEL DERIVATIVE CLAIMS SHARES TRANSACTION COMPLAINT PRELIMINARY INJUNCTION KENETECH DIRECTORS DISCLOSURE INDIVIDUAL DEFENDANTS SPECIAL COMMITTEE APPRAISAL PROCEEDING IRREPARABLE HARM CHARLES CHRISTENSON PRELIMINARY INJUNCTION HEARING DISINTERESTED STOCKHOLDERS SHAREHOLDERS MATERIAL FACTS PUBLIC STOCKHOLDERS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A.
KOHLS,
Plaintiffs, ;
V. i Civil Action No. 17762-NC
ANGUS M. DUTHIE, MARK D. 1
LERDAL, GERALD R. ALDERSON, and )
CHARLES CHRISTENSON,
Defendants, and i
KENETECH CORPORATION, 1
Nominal Defendant. i
DEFENDANTS' OPPOSITION TO PLAINTIFFS'
REOUEST FOR EXPEDITJ:D PROCEEDINGS
Defendants Angus M, Duthie, Mark D. Lerdal, Gerald R. Alderson, and Charles Christenson
(collectively, the "Individual Defendants") and norninal defendant KENETECH Corporation
("KFNETECH" or the "Company")' hereby oppose the plaintiffs' request for the scheduling of an
expedited preliminary injunction hearing (the "Request `to Expedite"), made by letter dated
9, 2000. For the reasons that follow, the Request to Expedite should be denied
BACKGROIJND
Die ValueAct Transact&
1. On October 25, 2000, KEZNETECH issued a press release announcing that it had
entered into an agreement and plan of merger (the "Merger Agreement") with KC Holding
`The plaintiffs have moved to amend their complaint and add KENETECH, Michael D.
Winn and Gerald R. Morgan, Jr. as defendants. Under the currently operative complaint,
KENETECH is merely a nominal defendant and Messrs. Winn and Morgan are not defendants,
RLl'l-2228679-l 1
SNIPPETS:
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8
.
TRANSCRIPT OF COURTS RULING ON APPLICATION FOR CERTIFICATION OF INTERLOCUTORY APPEAL
|
EXTRACTED KEY WORDS
SUPREME COURT CHANCERY COURT COURT REPORTERS REASON OPINION MOTION DELAWARE CERTIFICATION LAW PLAINTIFFS INTERLOCUTORY EQUITY CORPORATION HONOR MATTER PROMPT SCHEDULE BROZ PRACTICAL ADVANTAGE REQUEST DEPOSITIONS SUGGESTION DISCOVERY COUNSEL DEFENDANT WILMINGTON DISMISS INFERENCES COMPLAINT ARGUE |
r- ------
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE: COUNTY
ROBERT KOHL51 and LOU I SE A . :
KOHLS, :
Plaintiffs,
VS. Civil Act ion
: No. 17762
:
ANGUS M. DUTHIE, MARK D. LERDAL, :
GERALD R. AL,DEliSON and
CHARLES CH:RISTENSON, :
Defendants, :
and
'RENETECH CORPORATION, :
:
Nomina 1 Defendant.:
- - -
Chancery Court Chambers
Daniel L. Herrmann Courthouse
Wilmington, Delaware
Tuesday, August 22, 2000
3:00 p-m"
BEFORE: HON. STEPHEN P. LAMB, Vice Chancellor.
- - -
TRANSCRIPT.OF COURT'S RULING ON DEFENDANTS'
APPLICATION
- -FOR
- - CERTIFICATION OF AN INTERLOCUTORY
APPPEAL
- - -
CHANCERY COURT REPORTERS
135 Daniel L. Herrmann Courthouse
Wilmington, Delaware 19801
(302) 577-2447
SNIPPETS:
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9
.
PLAINTIFFS RESPONSE OPPOSING THE DEFENDANTS APPLICATION FOR THE CERTIFICATION OF AN INTERLOCUTORY APPEAL
|
EXTRACTED KEY WORDS
STOCK KENETECH FACTS COURT DEL OPINION COMPLAINT PURCHASE APPEALS MOTION DIRECTORS LAW SUPR CHRISTENSON SENIOR NOTES CHANCERY KOHLS INTERLOCUTORY DISMISS COMMON STOCK DELAWARE ALDERSON SUPREME COURT MERITS EXHIBIT CRITERIA CHIEF EXECUTIVE OFFICER DUTHIE REASON |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOlJISE A.
KOHL&
Plaintiffs, i
Civil Action No. 17762
V. !
ANGUS M. DUTHIE, MARK D. ;
LE.RDAL, GERALD R. ALDERSON and )
CHARLES CHRISTENSON, > :
Defendants. 1 ;
,_.
and i>
KENETECH CORPORATION,
; ,:
Nominal Defendant. )
PLAINTIFFS' RESPONSE OPPOSING THE DEFENDANTS'
APPLICATION FOR THE CERTIFICATION OF AN
INTERLOCUTORY APPEAL
Pursuant to Supreme Court Rule 42, plaintiffs Robert L. Kohls and Louise A. Kohls (the
"Kohls"), hereby respond to the Defendants' Application for Certification of Interlocutory
Appeal (the "Application"), f&d on August 7,200O. The Application should be denied. Here is
why:
I. INTRODUCTION.
The Application both mischaracterizes what this Court decided in its July 26, 2000
Memorandum Opinion (the "Opinion") and misstates the facts that the Court accepted as true
solely in the context of the Defendants' motion to dismiss. It does so in an attempt to convince
the Supreme Court that the Court of Chancery has already decided this case on the merits so that
it is ripe for appeal.' That is false.
With respect to Defendants' Rule 12 motion, all the Court of Chancery did was conclude
SNIPPETS:
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10
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
SHARES DEFENDANTS PLAINTIFFS DIRECTORS CHRISTENSON FACTS HOLDERS COMMON DELAWARE KOHLS COMPLAINT DEMAND PRICE REPURCHASE COURT CONSIDERED PURCHASING BUSINESS JUDGMENT PRIDES SENIOR NOTES TRANSACTION CORPORATE OPPORTUNITY CERTIFICATE STOCKHOLDERS CHANCELLOR PRESIDENT OUTSTANDING SUPREME COURT ALLEGATIONS PERSONAL LIABILITY |
; 1
,' I./
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ,.
`8: :
i .
IN AND FOR NEW CASTLE COUNTY i' ! :
ROBERT :L. KOHLS and LOUISE A.
KOHLS,
Plaintiffs, i
V. Civil Action No. 17762-NC
,4NGUS M. DUTHIE, MARK I:). i
LERDAL, GERALD R. ALDERSON >
and CHARLES CHRISTENSON,
i
Defendants, and >
:KENETElCH CORPORATION, i>
Nominal Defendant. j
MEMORANDUM OPINION .
Submitted: April 20, 2000
Decided: July 26, 2000
Edward 1111. McNally, Esquire and John T. Meli, Jr., Esquire, of MORRIS, JAMES,
HITCHENS & WILLIAMS LLP, Wilminton, Delaware, Attorne:ys for Plaintiffs.
Charles F Richards, Jr., Es.quire, Raymond J. DiCamillo, Esquire and Thad J.
Bracegirdle, Esquire, of RICHA.RDS, LAYTON & FINGER, Wilmington, Delaware,
Attorneys for Defendants.
LA MB * \/ice Chancellor
Il. INTRODUCTION
In October 1997, the largest holder of Kenetech Corporation common
SNIPPETS:
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11
.
DEFENDANTS REPLY BRIEF IN SUPPORT OF MOTION TO DISMISS AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
KENETECH COURT DEFENDANTS PURCHASE CHRISTENSON COMPLAINT SHARES INDEPENDENCE DEL MOTION CERTIFICATE DISMISS NOTE INDENTURE REASONABLENESS SUPR DISINTEREST COMPLAINT FAILS DIRECTORS CORPORATE OPPORTUNITY EXPECTANCY CHALLENGED TRANSACTION ALLEGATIONS INCORPORATION SUPREME COURT DERIVATIVE COMP PURCHASING AI3 PERSONAL LIABILITY BALANCE SHEET |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A. KOHL& )
Plaintiffs,
V.
ANGUS M. DUTHIE, MARK D. LERDAL,
GERALD R. ALDERSON and CHARLES
CHRISTENSON,
Defendants,
-and-
KENETECH CORPORATION,
Nominal Defendant.
DEFENDANTS' REPLY BRIEF IN SUPPORT OF THEIR
MOTION TO DISMISS TEiE AMENDED COMPLAINT
Charles F. Richards, Jr.
Raymond J. DiCamillo
Thad J. Bracegirdle
Richards, Layton & Finger
One Rodney Square
P.O. Box 551
Wilmington, Delaware 19899
(302) 658-6541
Attorneys for Defendants
Dated: May 5, 2000
RLFl-2130390-l
SNIPPETS:
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12
.
DEFENDANTS OPENING BRIEF IN SUPPORT OF MOTION TO STAY DISCOVERY
|
EXTRACTED KEY WORDS
DEFENDANTS DEL MOTION COURT DISMISS KOHLS DELAWARE DISCOVERY PENDING ALDERSON CHANCERY CHRISTENSON PLAINTIFFS KENETECH ROBERT LOUISE DOCUMENTS REFERRING COMMUNICATIONS DERIVATIVE COMP DISCOVERY PENDING RESOLUTION COMPLAINT CHANCERY RULE NOMINAL DEFENDANT NATIONAL UNION FIRE DIRECTORS BRACEGIRDLE AFF DISPOSITIVE MOTION ABB FLAKT INTERROGATORIES CHIEF EXECUTIVE OFFICER |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A. KOHLS, )
Plaintiffs, i
V. ; C.A. No. 17762
ANGUS M. DUTHIE, MARK D. LERDAL, 1
GERALD R. ALDERSON and CHARLES
CHRISTENSON,
I
Defendants, I.
; L-1 4
-and-
;
KENETECH CORPORATION,
;
Nominal Defendant. )
DEFENDANTS' OPENING BRIEF IN SUPPORT OF THEIR MOTION TO
STAY DISCOVERY PENDING RESOLUTION OF THEIR. MOTION TO DISMISS
Charles F. Richards, Jr.
Raymond J. DiCamillo
Thad J. Bracegirdle
Richards, Layton c1: Finger
One Rodney Square
P.O. Box 551
Wilmington, Delaware 19899
(302) 658-6541
Attorneys for Defendants
Dated: March 20, 2000
RLFl-2133065-l
SNIPPETS:
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13
.
ANSWER TO FIRST AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
DEFENDANTS PARAGRAPH DEFENDANTS ADMIT KENETECH DEFENDANTS DENY COMMON STOCK OFTHE COMPLAINT PLAINTIFFS DUTHIE ALDERSON COMPLAINT SET RESPONSIVE PLEADING SHARES PURCHASING CERTIFICATE RELIEF CHRISTENSON HILLMAN ECOELCCTRICA NOTE INDENTURE MARK GERALD CHARLES FIRST AMENDED COMPLAINT HEREBY MESSRS AGGREGATE EXCESS PROHIBITED KENETECH |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A. KOHLS, )
Plaintif&,
V. ) C.A. No. 17762
)
ANGUS M DUTHIE, MARK D. LERDAL, )
GERALD R. ALDERSON and CHARLES
CHRISTENSON, i
Defendants, i1
-and- >
KENETECH CORPORATION, i
Nominal Defendant. i
ANSWER TO FIRST AMENDED COMPLAINT
Defendants KENETECH Corporation ("KENETECH"), Angus M. Duthie, Mark D. Lerdal,
Gerald R Alderson and Charles Christenson hereby answer the first amended complaint (the
"Complaint") herein as follows:
NATURE OF THE ACTION
1 Defendants admit the allegations contained in paragraph 1 of the Complaint.
2. The allegations contained in paragraph 2 ofthe Complaint set forth legal conclusions
to which no responsive pleading is required
3 Defendants deny the allegations contained in paragraph 3 of the Complaint.
a. Defendants deny the allegations contained in paragraph 3(a) ofthe Complaint,
except defendants admit that Messrs. Lerdal, Christenson, Alderson and Duthie were aware that The
Hillman Company ("Hillman") was interested in selling the shares of KENETECH common stock
which it owned and that KENETECH's common stock has recently been trading for over $.60 per
SNIPPETS:
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14
.
DEFENDANTS OPENING BRIEF IN SUPPORT OF MOTION TO DISMISS
|
EXTRACTED KEY WORDS
KENETECH STOCK KENETECH BOARD PURCHASE FACTS COURT COMPLAINT ALDERSON DEFENDANTS DEMAND ARONSON PARTICULARIZED FACTS STANDARD DEL DERIVATIVE COMP SECOND PRONG BRACEGIRDLE AFF DIRECTORS BUSINESS JUDGMENT CHRISTENSON ALLEGATIONS TRANSACTION INDEPENDENCE APPLICABLE STANDARD NOTE HOLDERS CORPORATE OPPORTUNITY CHALLENGED TRANSACTION REPURCHASE PRIDES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
11 AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A. KOHLS )1
Plaintiffs, >
v. ; C A . N o . 17762
ANGUS M DUTHIE, MARK D. LERDAL, I
GERALD R. ALDERSON and CHARLES
CHRISTENSON, 1
Defendants, ;>
-and-
1
KENETECH CORPORATION,
1
Nominal Defendant. 1
Charles F. Richards, Jr.
Raymond J. DiCamillo
Thad J. Bracegirdle
Richards, Layton &: Finger
One Rodney Square
P.O. Box 551
Wilmington, Delaware 19899
(302) 658-6541
Attorneys for Defendants
Dated: March 20, 2000
TABLE OF CONTENTS
TABL.E OF AUTHORITIES ..,...,.
NATURE AND STAGE OF THE PROCEEDINGS
SNIPPETS:
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15
.
FIRST AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
KENETECH DEFENDANTS CHRISTENSON PLAINTIFFS SHARES COMMON STOCK KOHLS DUTHIE ALDERSON PURCHASE COURT DELAWARE LAW ROBERT LOUISE CHARLES CHRISTENSON INCORPORATION HOLDING COMPANY WINDPOWER CONSTRUCTING FINANCING INDEPENDENT POWER PROJECTS OUTSTANDING ECOELECTRICA DIRECTORS FIDUCIARY DUTY PURCHASING CHIEF EXECUTIVE OFFICER CORPORATE OPPORTUNITY |
ORIGINAL
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A.
KOHLS
Plaintiffs.
V . Civil ActionNo. 17762NC i ;
I
ANGUS M. DUTHIE, MARK D.
LERDAL, GERALD R. ALDERSON,
and CHARLES CHRISTENSON,
Defendants, and
KENETECH CORPORATION,
Nominal Defendant
FIRST AMENDED COMPLAINT
Plaintiffs, Robert L. Kohls and Louise A. Kohls (collectively "Plaintiffs"), by and
through their attorneys, allege as follows:
NATURE OF THE ACTION
1. KENETECH Corporation ("KENETECH" or the "Corporation") is a
corporation organized and existing under the laws of the State of Delaware. Incorporated
on February 25, 1986, under its original name, USW, Inc., the Corporation was the parent
holding company of KENETECH Windpower, Inc. (formerly U.S. Windpower, Inc.).
With its subsidiaries, the Corporation had historically participated in developing,
constructing, financing, operating, managing and selling independent power projects and
manufactured wind turbines. As of October 30, 1999, the Corporation reported that it had
41,919,2 18 shares of common stock issued and outstanding.
SNIPPETS:
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16
.
COMPLAINT
|
EXTRACTED KEY WORDS
KENETECH DEFENDANTS PURCHASE CHRISTENSON SHARES PLAINTIFFS KOHLS COMMON STOCK PRICE DEMAND BREACH DUTY PRIDES OFFICER DIRECTORS CASH COMPENSATION SEVERANCE PAYMENT COURT DELAWARE ROBERT LOUISE DUTHIE ALDERSON FINANCING TRADING JUDGEMENT PROTECT ACT FAITH |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT L. KOHLS and LOUISE A.
KOHLS
Plaintiffs,
V. Civil Action No.
ANGUS M. DUTHIE, MARK D.
LERDAL, GERALD R. ALDERSON,
and CHARLES CHRISTENSON,
Defendants, and
KENETECH CORPORATION,
Nominal Defendant
COMPLAINT
Plaintiffs, Robert L. Kohls and Louise A. Kohls (collectively "Plaintiffs"), by and through
their attorneys, allege as follows:
NATURE OF THE ACTION
1. KENETECH Corporation ("KENETECH" or the "Corporation") is a corporation
organized and existing under the laws of the State of Delaware. Incorporated on February 25,
1986, under its original name, USW, Inc., the Corporation was the parent holding company of
KENETECH Windpower, Inc. (formerly U.S. Windpower, Inc.). With its subsidiaries, the
Corporation had historically participated in developing, constructing, financing, operating,
managing and selling independent power projects and manufactured wind turbines. As of
October 30, 1999, the Corporation reported that it had 41,919,218 shares of common stock
issued and outstanding.
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