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1
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OPINION
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EXTRACTED KEY WORDS
PLAINTIFFS DEFENDANT JURISDICTION COURT AIT BASIS CHANCELLOR LIMITED LIABILITY COMPANY ROSHEIM PERSONAL JURISDICTION RELATING RIGHTS MANAGER COMPLAINT OWNERSHIP TPG ATTORNEYS AIT AGREEMENT CHANCERY FIDUCIARY DUTY EXERCISE MANAGEMENT FIRST CLAUSE CAPACITY ASM HANA RANCH PROPER PARTY PURSUANT CHANCERY RULE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY I 2
Y `. !> II
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ASSIST STOCK MANAGEMENT L.L.C., ) *z-:>` `lL-
-2,: : * -...-,* _
and ThePageGroup.com, L.L.C., :: -gJ-;z
> v; ,.' ) *- -"
.- "ST i is
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-+.x.c "z%1p,
C2-s~
Plaintiffs, >>
V. > Civil Action No. 17610
>
IVEN ROSHEIM, >>
Defendant. >
OPINION
Date Submitted: January 18,200O
Date Decided: February 3,200O
Kenneth J. Nachbar, Esquire, of MORRIS, NICHOLS, ARSHT &
TUNNELL, Wilmington, Delaware; Attorney for Plaintiffs.
David J. Ferry, Jr., Esquire and Rick S. Miller, Esquire, of FERRY & ,
JOSEPH, P.A., Wilmington, Delaware, Attorneys for Defendant.
LAMB, Vice Chancellor
I. INTRODUCTION
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2
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DEFENDANTS REPLY BRIEF IN SUPPORT OF HIS MOTION TO DISMISS
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EXTRACTED KEY WORDS
DEL BREACH DEFENDANT PLAINTIFFS IMPLICATE SUPR LAW LLC PERSONAL JURISDICTION COURT STATUTE FIDUCIARY DUTY MANAGER CONTRACT LEXIS AMENDED COMPLAINT PARTNERSHIP AGREEMENT AIT LIMITED PARTNERS STATUTORY DELAWARE LLC REGISTER STATUTORY NOTICE COURT LACKS CORPORATE IMPLIED CONSENT MATT SLAP NON-RESIDENT MANAGER FIDUCIARY PRINCIPLES REGISTERED AGENT |
ORIGINAL
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE 17
IN AND FOR NEW CASTLE COUNTY
ASSIST STOCK MANAGEMENT, L.L.C.,
AND THE PAGE GROUP.COM, L.L.C.,
Plaintiffs, ,' -.
r
V. ; C.A.No. 17610-NC ';
IVEN ROSHEIM, ; __'
>
Defendant. > :, _
( : ,. . 2
2:. Id
--i
DEFENDANT'S REPLY BRIEF IN
SUPPORT OF HIS MOTION TO DISMISS
DAVID J. FERRY, JR.
RICK S. MILLER
FERRY & JOSEPH, P.A.
824 Market Street, Suite 904
P.O. Box 1351
Wilmington, DE 19899
(302) 575-1555
Attorneys for Defendant
Dated: January 14,200O
TABLE OF CONTENTS
Table of Authorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preliminary Statement , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Argument . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I. This Court Lacks Personal Jurisdiction Over the Defendant . . . . . . . . . . . . . . .
A. The Amended Complaint does not state a cause of action which
implicates a breach of the defendant's fiduciary duties.. . . . . . . . , . .
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3
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PLAINTIFFS ANSWERING BRIEF IN OPPOSITION TO DEFENDANTS MOTION TO DISMISS
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EXTRACTED KEY WORDS
DELAWARE COURT COMPLAINT JURISDICTION PLAINTIFFS MOTION DEFENDANTS MANAGER FIDUCIARY DUTY AIT WITNESSES CHRVSLER FIRST BUSINESS DEL CORN CRVO-MAID LIMITED LIABILITY LIMITED LIABILITY COMPANY STOCK MANAGEMENT HFTP INVESTMENTS MANCHESTER FIDUCIARY DUTIES LLC AGREEMENT TPG NON-PENDENCY POMERANCE FIRST BUSINESS CREDIT LOCUST LIMITED PARTNER HOLVOKE SHARES TECHNICORN |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
Assist Stock Management L.L.C., and
ThePageGroup.com, L.L.C., <` f_
Plaintiffs __ ; c -:'
1 : [ .-
: : I
V. 1 C.A. No. 1761ONC' ; :.., * :
Iven Rosheim, ; ' -13
Defendant. i L : - -
`,, : . .
1 c.1
: : i-4
PLAINTIFFS' ANSWERING BRIEF IN OPPOSITION
TO DEFENDANT'S MOTION TO DISMm
MORRIS, NICHOLS, ARSHT & TUNNELL
Kenneth J. Nachbar
1201 N. Market Street
P.O. Box 1347
Wilmington, DE 19899-1347
(302) 658-9200
Attorneys for Plaintiffs
OF COUNSEL:
Mitchell D. Raup
Mayer, Brown & Platt
1909 K Street
Washington, DC 20006-l 101
(202) 263-3000
January 7,200O
1.
TABLE OF CONTENTS
w
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4
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AMENDED COMPLAINT FOR DECLARATORY JUDGMENT
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EXTRACTED KEY WORDS
MEMBERS TPG ROSHEIM MANAGER CONSENT AGREEMENT WATKINS DELAWARE LIMITED LIABILITY ASM CAPITAL/EQUITY PRESIDENT DECLARATORY JUDGMENT CONTROVERSIES BUSINESS FINANCING ADMISSION EQUITY FIDUCIARY DUTIES AUTHORITY DEFENDANT COMPLAINT RELIEF OWNERSHIP OWNER TRANSACTIONS SOLE MEMBER PURSUANT ADMITTING |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
Assist Stock Management L.L.C., and
ThePageGroup.com, L.L.C.,
Plaintiffs
V.
Iven Rosheim,
Defendant.
AMENDED COMPLAINT FOR DECLARATORY JUDGMENT
Plaintiffs, by their undersigned counsel, allege for their Amended Complaint as
follows:
Nature of the Case
1. This is a complaint for declaratory judgment and other relief, to resolve a
controversy between the members of Assist Integrated Technologies L.L.C. ("AIT"), a Delaware
limited liability company, regarding their respective ownership interests and management rights
in that company and in its subsidiary, ThePageGroupcom, L.L.C. ("TPG"), a Delaware limited
liability company. In particular, as set forth below, defendant Rosheim wrongfully contends that
he is a 50% owner of AIT and that, as a manager of AIT, he was required to, but did not, consent
to certain transactions by which TPG issued equity to obtain needed financing. In breach of his
fiduciary duties as a manager of AIT, Rosheim is attempting to interfere with TPG's financing
transactions, and has vowed to continue to do so unless he is given a substantial cash payment
and a 15% interest in TPG.
Parties and Jurisdiction
2. Plaintiff Assist Stock Management L.L.C. ("ASM") is a Delaware limited
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5
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DEFENDANTS OPENING BRIEF IN SUPPORT OF HIS MOTION TO DISMISS
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EXTRACTED KEY WORDS
COURT DEFENDANT JURISDICTION DEL LLC STATUTE LAW MOTION DISMISS PLAINTIFFS LIMITED LIABILITY COMPANY AIT FIDUCIARY DUTY LLC AGREEMENT SUPPORT IMPLIED CONSENT NONRESIDENT CONTRACT COMPLAINT PERSONAL JURISDICTION BUSINESS LIMITED PARTNERSHIP ACT UNCONSTITUTIONALITY PERSONAM JURISDICTION FIDUCIARY DUTIES TPG ARMSTRONG GENERAL PARTNERS DIRECTORS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ASSIST STOCK MANAGEMENT, L.L.C., >
AND THE PAGE GROUP.COM, L.L.C., >>
Plaintiffs, >>
V. > C.A. No. 17610-N<:
>
IVEN ROSHEIM, >>
Defendant. >
DEFENDd4NT'S OPENING BRIEF IN
SUPPORT OF HIS MOTION TO DISMISS
DAVID J. FERRY, JR.
RICK S. MILLER
FERRY & JOSEPH, P.A.
824 Market Street, Suite 904
P.O. Box 1351
Wilmington, DE 19899
(302) 575-1555
Attorneys for Defendant
Dated: December 30, 1999
TABLE OF CONTENTS
Table of Authorities . . . . . . . . . . . . , . . . . . . _ . . . . . . . . . . . . . . . _ . . .
Preliminary Statement . . . . . . _ . . . . . . _ . . . . . . . . . . . . . . . . . . . . . _ . . .
Statement of Facts . . . . . . _ . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . .
Argument . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I. This Court Lacks Jurisdiction Over the Defendant . . . . . . . . . . . . . . . . . . . .
A. The defendant lacks sufficient minimum contacts with Delaware to
satisfy the requirements, of due process. . . . . . . . . . . . . . . . . . .
B Section 18-109 does not provide the statutory authority for this
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6
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DEFENDANTS RESPONSE IN OPPOSITION TO PLAINTIFFS MOTION TO EXPEDITE PROCEEDINGS
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EXTRACTED KEY WORDS
PLAINTIFFS COURT MOTION EXPEDITED PROCEEDINGS RESPONSE DELAWARE JURISDICTION CHANCERY DISCOVERY STOCK MANAGEMENT MEMBERSHIP SUIT CASTLE COUNTY WILMINGTON OPPOSITION MATTER DISPUTE LIMITED LIABILITY COMPANY DISMISS DEL PERSONAM COUNSEL BRIEFING JUSTIFY EXPENSE PARTIES SCHEDULE PENDING ADEQUATE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ASSIST STOCK MANAGEMENT, L.L.C., )
and THE PAGE GROUP.COM, L.L.C., )) : ,,
Plaintiffs, ) j
1 i
V . ) C.A. No. 17610-NC .b
; .-
)
IVEN ROSHEIM, ))
Defendant. 1 : -I
_ ,
NOTICE OF RESPONSE
TO: Kenneth J. Nachbar, Esquire
Morris Nichols Arsht & Tunnel1
1201 N. Market Street
Wilmington, DE 19801
PLEASE TAKE NOTICE that the within Response in Opposition to
Plaintiff's Motion for Expedited Proceedings shall be presented
to the Honorable Stephen P. Lamb on December 14, 1999 at 4:00
p.m.
FERRY & JOSEPH, P.A.
2-1
' '
/ '-- -- '
DAVID J., FERRY, JR..
RICK S. /MILLER /
824 Market St$&'t,I+ Suite 904
P.O. Box 1351
Wilmington, DE 19899
(302) 575-1555
Attorneys for Defendant
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ASSIST STOCK MANAGEMENT, L.L.C., )
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7
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V. ROSHEIM COMPLAINT FOR DECLARATORY JUDGMENT
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EXTRACTED KEY WORDS
MEMBERS TPG ROSHEIM AGREEMENT CONSENT WATKINS ASM LIMITED LIABILITY DELAWARE MANAGEMENT CAPITAL/EQUITY PRESIDENT CONTROL DECLARATORY JUDGMENT BUSINESS ADMISSION PLAINTIFFS OWNERSHIP SOLE MEMBER PURSUANT AUTHORITY ADMITTING OFFICERS OWNER AUTOMOBILE COMPLAINT RELIEF DEL FORMATION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
Assist Stock Management L.L.C., and
ThePageGroup.com, L.L.C.,
Plaintiffs
V.
Iven Rosheim,
Defendant.
COMPLAINT FOR DECLARATORY JUDGMENT
Plaintiffs, by their undersigned counsel, allege for their Complaint as follows:
Nature of the Case
1. This is a complaint for declaratory judgment and other relief, to resolve a
controversy between the members of Assist Integrated Technologies L.L.C., a Delaware limited
liability company, regarding their respective ownership interests and management rights in that
company and in its subsidiary, ThePageGroup.com, L.L.C., a Delaware limited liability
company.
Parties and Jurisdiction
2. Plaintiff Assist Stock Management L.L.C. ("ASM") is a Delaware limited
liability company with its principal place of business in Sarasota, Florida. Stephen H. Watkins
("Watkins") is the sole member of ASM.
3. Defendant Iven Rosheim ("Rosheim") is an individual residing in
Sarasota, Florida.
4. On March 3, 1999, ASM and Rosheim entered into a limited liability
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