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1
.
ANSWER
|
EXTRACTED KEY WORDS
AVERMENTS INFORMATION SUFFICIENT TRUTH PLAINTIFFS HOLDINGS ADMIT RESPONSES SHARES RELEVANT TIMES MERGER OWNERSHIP PARAGRAPH BOTTLING RESPECTFULLY REFER RESPONSIVE PLEADING PRIOR ALLEGATIONS DELAWARE PEPPER CARLYLE STOCKHOLDERS DISMISSING BRAND PRODUCTS TURNER LAW OPINION CADBURY SCHWEPPES FIDUCIARY DUTY STIPULATION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
CRESCENT/MACH I PARTNERS, L.P., )
RICHARD HANDLER, HCM HIG,H YIELD )
OPPORTUNITY FUND, L.P.,
LEVERAGED EQUITY OPPORTUNITY i
FUM3, L.P., SHARED OPPORTUNITY
FUND II Es., L.L.C., TCWKRESCENT ; Civil Action No. 17455-NC
MEZZANrNE INVESTMENT PARTNERS, )
L.P., TCWKRESCENT MEZZANINE
TRUST, TCW LEVERAGED INCOME i
TRUST, L.P., TCW LEVERAGED
INCOME TRUST II, L.P., and TCW ;
SHARED OPPORTUNITY FUND II, L.P., )
Plaintiffs, t
V. i _-
JIM L. TURNER, JIM AND JULIE ;
TURNER FAMILY PARTNERSHIP, LTD., )
JLT BEVERAGES, L.P., DR PEPPER
BOTTLING HOLDINGS, INC., i
WILLIAM 0. HUNT, J. KENT SU'EEZEY, )
THE CARLYLE GROUP L.P. and
CADBURY SCHWEPPES P.L.C., ;
Defendants.
ANSWER
Defendants Cadbury Schweppes, plc, The Carlyle Group, L.P. and Dr Pepper
Bottling Holdings, Inc. (hereinafter "Defendants") hereby respond to plaintiffs' complaint as
follows:
Summarv of Action
1. Defendants are without knowledge or information sufficient to form a belief
as to the trnth of plaintiffs' averments concerning the nature of this action.
2. Defendants are without knowledge or information sufficient to form a belief
SNIPPETS:
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2
.
ANSWER
|
EXTRACTED KEY WORDS
ALLEGATIONS DEFENDANTS TRUTH FALSITY INFORMATION SUFFICIENT TURNER RESPONSE JIM PLAINTIFFS PARTNERSHIP COURT HUNT COMPLAINT PLEADING EXTENT PARAGRAPH WILLIAM KENT SWEEZEY JLT BEVERAGES INCORPORATE REFERENCE ALLEGES FACTS DEFENDANTS REALLEGE AFFIRMATIVE DEFENSE TEXAS PLAN MERGER DELAWARE POST OFFICE HEREBY |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND :FOR NEW' CASTLE COUNTY
CRESCENT/MACH I PARTNERS, L.P., et al.
Plaintiffs,
V . ; C.A. No. 17455NC
JIM L. TURNER, et al.
D e f e n d a n t s . i
ANSWER OF JIM L. TURNER,
WILLIAM 0. HUNT, J. KENT SWEEZEY,
JIM AND JULIE TURNER FAMILY PARTNERSHIP, LTD.
AND JLT BEVERAGES, L.P.
By and for their answer to plaintiffs' complaint, Jim L. Turner, William 0.
i , -
Hunt, J. Kent Sweezey, Jim and Julie Turner Family Partnership, LTD. and JLT
Beverages, L.P. hereby respond to plaintiffs' complaint as follows:
1. Paragraph 1 contains conclusions of law to which no responsive
pleading is required.
2. Defendants do not have knowledge or information sufficient to form a
belief as to the truth or falsity of the allegations in paragraph 2.
3. Denied.
4. Denied.
5. Denied.
6. Defendants do not have knowledge or information sufficient to form a
belief as to the truth or falsity of the allegations in paragraph 6.
14554 3\124071vl
SNIPPETS:
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3
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
HOLDINGS DEFENDANTS TURNER DELAWARE CARLYLE BOTTLING GROUP CADBURY SCHWEPPES MERGER TURNER FAMILY PARTNERSHIP JLT BEVERAGES CSI STOCKHOLDERS OPINION HUNT SWEEZEY ALLEGATIONS FIDUCIARY DUTY PERSONAL JURISDICTION TRANSACTION DLJ AFFILIATES MINORITY STOCKHOLDERS PROXY STATEMENT ABC DEFENDANTS JIM FIDUCIARY DUTIES BUSINESS JUDGMENT RULE MERGER CONSIDERATION REASONABLENESS |
i')--f("
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ; `...,p"'
IN A`ND FOR NEW CASTLE COUNTY
CRESCENT/MACH I PARTNERS, L.P., )
>
Plaintiffs, >>
V. ) C.A. No. 17455
>
JIM L. TURNER, et al., >>
Defendants. 1
Submitted: March 23,200O
Decided: September 29,200O
MEMORANDUM OPINION
Grover C. Brown and Joseph C. Schoell of Morris, James, Hitchens & Williams
LLP, Wilmington, Delaware. OF COUNSEL: Patrick Lynch, Patrick Downes and
Marc S. Williams of O'Melveny & Myers LLP, Los Angeles, California.
Attorneys for Plaintiffs.
John H. Small and Ronald A. Brown, Jr. of Prickett, Jones & Elliott, Wilmington,
Delaware; OF COUNSEL,: David A. Bryson and Nicholas A. Foley of Neligan &
Averch., LLP, Dallas, Texas. Attorneys for Defendants Jim and Julie Turner
Family Partnership, Ltd., JLT Beverages, L.P., Jim L. Turner, William 0. Hunt
and J. Kent Sweezey.
Jon E. Abramczyk and :David J. Teklits of Morris, Nichols, Arsht & Tunnell,
Wilmington, Delaware. Attorneys for Defendants Cadbury Schweppes, P.L.C.,
CSI, B.V., American Bottling Holdings, Inc., Dr. Pepper/Seven-Up Bottling
Group, Inc., Tosca Acquisition Corp., The Carlyle Group L.P., Carlyle Bottling
L.L.C., Carlyle Holding Corp., and Dr. Pepper Bottling Holdings, Inc.
STEELE, V.C. (by desig,nation)
I. INTRODUCTION
Plaintiffs bring this action alleging that the directors of Dr. Pepper Bottling
Holdings, Inc. ("Holdings") breached their fiduciary duties of loyalty, care and
"good faith" in approving the merger of Tosca Acquisition Corporation, a wholly
owned subsidiary of Dr. Pepper/Seven-Up Bottling Group, Inc., with and into
SNIPPETS:
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4
.
REPLY BRIEF OF DEFENDANTS J. TURNER W. HUNT J. SWEEZEY ET AL. IN SUPPORT OF MOTIONS TO DISMISS
|
EXTRACTED KEY WORDS
PARTNERSHIP JLT BEVERAGES PLAINTIFFS DEFENDANTS MERGER DEL MOTIONS DISMISS ALLEGATIONS DELAWARE COMPLAINT SWEEZEY BUSINESS JUDGMENT RULE HUNT SUPPORT PERSONAL JURISDICTION FIDUCIARY DUTY PROXY STATEMENT DEFENDANTS JIM CONCLUSORY CONSTRUCTIVE TRUST STOCKHOLDER BRYSON NICHOLAS INDIVIDUAL DEFENDANTS TRANSACTED BUSINESS CONSPIRACY THEORY DISCOVERY CONNECTION AGREEMENTS |
IN THE COURT OF CHANCERY OF THE STATE OF D&&AWARE I
" i
IN AND FOR NEW CASTLE COUNTY ! : `, i
-- .
i i
CRESCENT/MACH I PARTNERS, L.P., et al i
P l a i n t i f f s , i
a?,-
V. ; C.A. No: 1 7 4 5 5 N C
JIM L. TURNER, et al.
Defendants. i
REPLY BRIEF OF DEFENDANTS JIM L. TURNER,
WILLIAM 0. HUNT, J. KENT SWEEZEY, JIM AND JULIE
TURNER FAMILY PARTNERSHIP, LTD., AND JLT BEVERAGES,
L.P., IN SUPPORT OF THEIR MOTIONS TO DISMISS
PRICKETT, JONES & ELLIOTT
John H. Small
Ronald A. Brown, Jr.
1310 King Street
P.O. Box 1328
Wilmington, Delaware 19899
(302) 888-6500
Attorneys for Defendants Jim and
Julie Turner Family Partnership,
Ltd., JLT Beverages, L.P.,
Jim L. Turner, William 0. Hunt
and J. Kent Sweezey
Of Counsel:
NELIGAN, ANDREWS. BRYSON
& FOLEY, LLP
David A. Bryson
Nicholas A. Foley
1717 Main Street
Suite 4050
Dallas, Texas 75201
Dated: February 18, 2000
TABLEOFCONTENTS
SNIPPETS:
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5
.
PLAINTIFFS ANSWERING BRIEF IN OPPOSITION TO MOTION TO DISMISS
|
EXTRACTED KEY WORDS
BOTTLING GROUP MERGER CARLYLE CADBURY PLAINTIFFS INVESTMENTS DELAWARE DEFENDANTS COURT BUSINESS TURNER AGREEMENT MOTION PROXY STATEMENT DISMISS ABC HOLDINGS TRANSACTION TOSCA ACQUISITION MERGER ENTITY PARTICIPATION CONTRIBUTION AGREEMENT FIDUCIARY DUTY PERSONAL JURISDICTION DELAWARE CORPORATION PLAINTIFFS ALLEGE DELAWARE LAW OPPOSITION PEPPER BOTTLING HOLDINGS SUBSIDIARIES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
CRESCENT/MACH I PARTNERS L.P.,
et al., t
Plaintiffs, i
V. 1 Civil Action No. 17455NC
I,_
JIM L. TURNER et al., :y ,, '
. .
:.
I
Defendants, )
-i
PLAINTIFFS' ANSWERING BRIEF IN OPPOSITION TO THE MOTION :`..,
TO DISMISS OF DEFENDANTS CADBURY SCHWEPPES, P.L.C., CADBURT
SCHWEPPES INVESTMENTS, B.V., AMERICAN BOTTLING HOLDINGS, INC.,
DR PEPPER/SEVEN UP BOTTLING GROUP, INC., TOSCA ACQUISITION
CORP., THE CARLYLE GROUP, L.P., CARLYLE BOTTLING, L.L.C.,
CARLYLE HOLDING CORP. AND DR PEPPER BOTTLING HOLDINGS. INC.
MORRIS, JAMES, HITCHENS & WILLIAMS LLP
Grover C. Brown (I.D. No. 2339)
Joseph C. Schoell (I.D. No. 3 133)
222 Delaware Avenue, 10th Floor
P. 0. Box 2306
Wilmington, Delaware 19899
(302) 888-6800
Attorneys for Plaintiffs
OF COUNSEL:
O'MELVENY & MYERS LLP
Patrick Lynch
Marc S. Williams
400 South Hope Street
Los Angeles, CA 90071
(213) 430-6000
January 3 1, 2000
TABLE OF CONTENTS
SNIPPETS:
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6
.
PLAINTIFFS ANSWERING BRIEF IN OPPOSITION TO THE MOTION TO DISMISS
|
EXTRACTED KEY WORDS
PLAINTIFFS FACTS PARTNERSHIP BEVERAGES DELAWARE COURT MERGER HUNT SWEEZEY HOLDINGS COMPL DEL DEFENDANTS COMPLAINT DIRECTORS PROXY STATEMENT TRANSACTION BOTTLING GROUP SHAREHOLDERS STOCKHOLDERS FIDUCIARY DUTY ALLEGATIONS DISCLOSURE CONSUMMATION PERSONAL JURISDICTION CADBURY SCHWEPPES BUSINESS JUDGMENT REASONABLENESS DLJ |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
CRESCENT/MACH I PARTNERS, L.P.,
et al.,
>
Plaintiffs,
; .(.
V. Civil Action No. 17455&C
. .-
1
; : '
JIM L. TURNER, et al.,
;
Defendants. > .
c,
PLAINTIFFS' ANSWERING BRIEF IN OPPOSITION TO THE r-:
MOTION TO DISMISS OF DEFENDANTS JIM L. TURNER, -
WILLIAM 0. HUNT, J. RENT SWEEZEY, JIM AND JULIE
TURNER FAMILY PARTNERSHIP, LTD.. AND JLT BEVERAGES. L.P.
MORRIS, JAMES, HITCHENS & WILLIAMS LLP
Grover C. Brown (I.D. No. 2339)
Joseph C. Schoell (I.D. No. 3 133)
222 Delaware Avenue, 10th Floor
P. 0. Box 2306
Wilmington, Delaware 19899
(302) 888-6800
Attorneys for Plaintiffs
OF COUNSEL:
O'MELVENY & MYERS LLP
Patrick Lynch
Marc S. Williams
400 South Hope Street
Los Angeles, CA 9007 1
(2 13) 430-6000
January 3 1,200O
TABLE OF CONTENTS
SNIPPETS:
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7
.
OPENING BRIEF OF DEFENDANTS CADBURY SCHWEPPES ET AL IN SUPPORT OF THEIR MOTION TO DISMISS
|
EXTRACTED KEY WORDS
DEFENDANTS CADBURY BOTTLING CARLYLE PLAINTIFFS COMPLAINT BOTTLING GROUP AIDING ALLEGATIONS CADBURY INVESTMENTS UNAFFILIATED DEFENDANTS TURNER FACTS DELAWARE BREACH JURISDICTION COMPLAINT FAILS CADBURY SCHWEPPES TOSCA ACQUISITION AMERICAN BOTTLING PERSONAL JURISDICTION ABETTING CLAIM PEPPER/SEVEN-UP BOTTLING GROUP PEPPER BOTTLING PROPER PARTY PRIMARY CLAIM SHAREHOLDERS LITIQ PARTICIPATION FIDUCIARY DUTY |
IN THE COURT OF CHANCE.RY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
CRESCENT/MACH I PARTNERS, L.P.,
et al., Plaintiffs,
;
V. C. A. No. 17455-NC
1
JIM L. TURNER, et al.,
i
Defendants. 1
OPENING BRIEF OF DEFENDANTS CADBURY SCHWEPPES, P.L.C.,
CADBURY SCHWEPPES INVESTMENTS, B.V., AMERICAN BOTTLING
HOLDINGS, INC., DR PEPPER/SEVEN-UP BOTTLING GROUP, INC.,
TOSCA ACQUISITION CORP., THE CARLYLE GROUP L.P., CARLYLE
BOTTLING L.L.C., CARLYLE HOLDING CORP., AND DR PEPPER BOTTLING
HOLDINGS, INC. IN SUPPORT OF THEIR MOTION TO DISMISS
I
MORRIS, NICHOLS, ARSHT & TUNNELL
Jon E. Abramczyk
David J. Teklits
1201 N. Market Street
P.O. Box 1347
Wilmington, DE 19899-1347
(302) 658-9200
Attorneys for Certain Defendants
December 22, 1999
i.
TABLE OF CONTENTS
- - Paqe
TABLE OF CITATIONS ii
SNIPPETS:
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8
.
OPENING BRIEF OF DEFENDANTS J. TURNER ET AL. IN SUPPORT OF MOTION TO DISMISS
|
EXTRACTED KEY WORDS
TURNER COMPLAINT MERGER FACTS DEFENDANTS TURNER PARTNERSHIP JLT BEVERAGES COURT DELAWARE PARAGRAPH ALLEGATIONS DISMISS DEL MOTION PROXY STATEMENT STOCKHOLDERS PERSONAL JURISDICTION FIDUCIARY DUTY COMPLAINT ALLEGES CONCLUSORY DISCLOSURE LACKS PERSONAL JURISDICTION INDIVIDUAL DEFENDANTS DIRECTORS FAIRNESS OPINION DERIVATIVE CLAIM FIDUCIARY DUTIES KENT SWEEZEY TRANSACTION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
CRESCENT/MACH I PARTNERS, L.P., et al
Plaintiffs,
". ; C.A.No. 17455l&! ; j
.~~ .,,
JIM L. TURNER, et al.
Defendants. j ,.; ,:
L.,.: _ \.A!
--`
OPENING BRIEF OF DEFENDANTS JIM L. TURNER,
WILLIAM 0. HUNT, J. KENT SWEEZEY, JIM AND JULIE
TURNER FAMILY PARTNERSHIP, LTD., AND JLT BEVERAGES,
L.P., IN SUPPORT OF THEIR MOTIONS TO DISMISS
PRICKETT, JONES & ELLIOTT
John H. Small
Ronald A. Brown, Jr.
1310 King Street
P.O. Box 1328
Wilmington, Delaware 19899
(302) 888-6500
Attorneys for Defendants Jim and
Julie Turner Family Partnership,
Ltd., JLT Beverages, L.P.,
Jim L. Turner, William 0. Hunt
and J. Kent Sweezey
Of Counsel:
NELIGAN & AVERCH, L.L.P
David A. Bryson
Nicholas A. Foley
1717 Main Street
Suite 4050
Dallas, Texas 75201
Dated: December 22, 1999
14754.3\1030F8vl
SNIPPETS:
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9
.
COMPLAINT FOR RESCISSION OF MERGER FOR BREACH OF FIDUCIARY DUTY
|
EXTRACTED KEY WORDS
HOLDINGS PLAINTIFFS MERGER BOTTLING HUNT PARTNERSHIP SWEEZEY CARLYLE CADBURY LEVERAGED INCOME TRUST DELAWARE OPPORTUNITY FUND SCHWEPPES VOIGT INVESTMENTS FIDUCIARY DUTY TCW LEVERAGED INCOME SHARED OPPORTUNITY FUND TCW/CRESCENT MEZZANINE STOCKHOLDERS WILLIAM SCHWARTZ ROWE PRICE HIGH HIGH YIELD KENNETH VOIGT RELEVANT TIMES PAIGE MORGAN BENEFICIAL OWNER TURNER BEVERAGES FIDUCIARY DUTIES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE'
IN AND FOR NEW CASTLE COUNTY
CRESCENT/MACH I PARTNERS, L.P.,
DELAWARE CHARTER GUARANTY
TRUST FOR THE BENEFIT OF DAVID
WILLIAM SCHWARTZ I.R.A. ROLLOVER, ,'
RICHARD HANDLER, HCM HIGH YIELD
OPPORTUNITY FUND, L.P., JEFFERIES ;
& COMPANY, INC., LEVERAGED
EQUITY OPPORTUNITY FUND, L.P., I
DAVID WILLIAM SCHWARTZ, 1
SHARED OPPORTUNITY FUND IIB,
L.L.C., TCW/CRESCENT MEZZANINE
INVESTMENT PARTNERS, L.P., TCW/ i
CRESCENT MEZZANINE PARTNERS, 1
L.P., TCW/CRESCENT MEZZANINE TRUST,)
TCW LEVERAGED INCOME TRUST, L.P., )
TCW LEVERAGED INCOME TRUST II,
L.P., TCW SHARED OPPORTUNITY FUND i .
II, L.P., T. ROWE PRICE HIGH
YIELD FUND, INC., LILLIAN PAIGE ;
VOIGT, PAUL KENNETH VOIGT,
INDIVIDUALLY AND AS CUSTODIAN ;
FOR PAXTON ELIZABETH VOIGT, JACK )
KENNETH VOIGT and PAIGE MORGAN
VOIGT, and WAYLAND INVESTMENT ;
FUND, L.L.C.,
;
Plaintiffs,
;
v. 1 Civil Action No.
JIM L. TURNER, JIM and JULIE ;
TURNER FAMILY PARTNERSHIP, LTD.,
JLT BEVERAGES, L.P., DR PEPPER ;
BOTTLING HOLDINGS, INC.,
WILLIAM 0. HUNT, J. KENT SWEEZEY, ;
DR PEPPER/SEVEN UP BOTTLING 1
GROUP, INC., TOSCA ACQUISITION
CORP., CARLYLE HOLDING CORP., ;
THE CARLYLE GROUP L.P., CARLYLE 1
BOTTLING, L.L.C., CADBURY
SCHWEPPES P.L.C., CADBURY ;
SCHWEPPES INVESTMENTS, B.V. and
AMERICAN BOTTLING HOLDINGS, INC.,
i
Defendants. 1
SNIPPETS:
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