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1
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PLAINTIFFS REPLY BRIEF IN SUPPORT OF ITS MOTION FOR CERTIFICATION OF AN INTERLOCUTORY APPEAL
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EXTRACTED KEY WORDS
VOTE PLAINTIFF DEFENDANTS COURT UPS RULING DETERMINATION CHARTER INJUNCTION CERTIFICATION TRANSACTION SHAREHOLDERS DIRECTORS DEL DELAWARE SUPPORT PRELIMINARY INJUNCTION CONTENTION APPROVING SUPERMAJORITY LAW ILLEGALITY UNITED PARCEL SERVICE BROWN MOTION REASONING SET SUPREME COURT RULE MANNER PROVISIONS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
4 7
IN AND FOR NEW CASTLE COUNTY I
Jjq
_________-___--_-_-_---------------------------------------------- X
LINDA DEE STARKMAN, TRUSTEE, THE :
LINDA DEE STARKMAN TRUST, individually :
and representatively,
Plaintiff,
v. : C.A. No. 17447 NC
UNITED PARCEL SERVICE OF AMERICA, :
INC., UNITED PARCEL SERVICE, KNC., UPS :
MERGER SUBSIDIARY INC., JOHN W. ALDEN, :
WILLIAM H. BROWN, ROBERT J. CLANIN, :
MICHAEL L. ESKEW, JAMES P. KELLY, ANN :
M. LIVERMORE, GARY E. MacDOUGAL,
JOSEPH R. MODEROW, KENT C. NELSON, I
VICTOR A. PELSON, JOHN W. ROGERS,
CHARLES L. SCHAFFER, LEA N. SOUPATA, :
ROBERT M. TEETER, and THOMAS H.
WEIDEMEYER,
Defendants. :
________________________________________-----~-------------------- X
PLAINTIFF'S REPLY BRIEF IN SUPPORT OF ITS MOTION
FOR CERTIFICATION OF AN INTERLOCUTORY APPEAL
ROSENTHAL, MONHAIT, MILBERG WEISS BERSHAD
GROSS & GODDESS, P.A. HYNES & LERACH LLP
Norman M. Monhait Melvyn I. Weiss
Suite 1401 Steven G. Schulman
Mellon Bank Center Edith M. Kallas
919 North Market Street Joshua H. Vinik
Wilmington, DE 19801 Clifford S. Goodstein
(302) 656-4433 Charles S. Hellman
One Pennsylvania Plaza
Attorneys for Plaint@ New York, NY 10119-0165
(212) 594-5300
Of Counsel for Plaint@
Plaintiff hereby submits plaintiff's reply in support of granting an expedited
SNIPPETS:
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2
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DEFENDANTS RESPONSE TO PLAINTIFFS MOTION FOR CERTIFICATION OF AN INTERLOCUTORY APPEAL
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EXTRACTED KEY WORDS
COURT RULING TRANSACTION MERGER VOTE INTERLOCUTORY APPEALS UPS DEL SUPR PRELIMINARY INJUNCTION SHARES STOCKHOLDERS DEFENDANTS BROWN CERTIFICATION SUPREME COURT REQUEST PROPOSED MERGER CHARTER REASONS JUSTICE SUPERMAJORITY VOTE RELIEF EXHIBIT HERETO COURT RULE APPROVE SHAREHOLDERS REJECTED PLAINTIFFS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
LINDA DEE STARKMAN, TRUSTEE, THE 1
LINDA DEE STARJSMAN TRUST, >
individually and representatively, >1
Plaintiff, >>
V. > C.A. No. 17447
>
UNITED PARCEL SERVICE OF AMERICA, )
INC., et al, >>
Defendants. )
DEFENDANTS' RESPONSE TO PLAINTIFF'S
MOTION FOR CERTIFICATION OF AN INTERLOCUTORY APPEAL
Pursuant to Supreme Court Rule 42, defendants hereby oppose plaintiffs
application for an expedited interlocutory appeal of this Court's oral ruling dated October 18,
1999 (the "Ruling"). The Ruling denied plaintiffs request for a preliminary injunction order
directing that the proposed Merger of United Parcel Service of America, Inc. ("UPS" or the
"Company"), which would have the effect of removing all outstanding shares of UPS from an
existing right of first refusal, be conducted pursuant to charter-imposed 80% super-majority vote
requirement for Charter amendments. Because the Merger has now obtained the approval of
over 89% of UPS's stockholders, and for the additional reasons herein, further adjudication of
the matter, through appeal or otherwise, will only serve to impede the interests of justice and
burden the judicial process.
INTRODUCTION
On September 28, 1999, plaintiff initiated this action challenging a merger, which
if approved on October 25, 1999, will allow UPS to become a public company, create much
needed acquisition currency (Ruling at 6), and bestow a $10 billion benefit upon all of UPS's
shareholders - - including plaintiff. Plaintiff alleged that the merger and its majority vote
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3
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ORDER REFUSING MOTION TO CERTIFY INTERLOCUTORY APPEAL
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EXTRACTED KEY WORDS
UPS SUPERMAJORITY VOTE CHARTER MOTION CERTIFY PROPOSED MERGER PARAGRAPH CONSIDERATIONS INTERLOCUTORY PLAINTIFF PRELIMINARY INJUNCTION SUPREME COURT DELAWARE SHARES DIRECTORS APPROVE PRECLUDES STOCKHOLDER JUSTICE UNITED PARCEL SERVICE AMERICA LANGUAGE DEL SUPR POWER COMMON AMENDMENT PLAINTIFF CONCEDES PROCEEDING |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE /c-j '
:-+I+-, I
IN AND FOR NEW CASTLE COUNTY
LINDA DEE STARKMAN, TRUSTEE, THE )
LINDA DEE STARKMAN TRUST, >
Individually and representatively, >)
Plaintiff, 1
V . > C.A. No. 17447-NC
UNITED PARCEL SERVICE OF AMERICA,)
INC. , et al. )
Defendants. >
ORDER REFUSING MOTION
TO CERTIFY INTERLOCUTORY APPEAL
1. Plaintiff, Linda Dee Starkman, moves pursuant to Rule 42 of the Rules
of the Supreme Court of Delaware for an order certifying an interlocutory
appeal. She seeks to appeal this court's October 19, 1999 ruling in which I
refused to enter a preliminary injunction against the consummation of a merger
proposed between United Parcel Service of America, Inc. and its wholly-owned
subsidiary. She claimed that Article Fifth, paragraph (9) of the UPS charter
either precludes UPS from engaging in the merger at all or requires an 80%
supermajority vote for its approval. I denied that motion because, based on clear
and controlling precedents of the Delaware Supreme Court and the clear and
unambiguous language of the UPS certificate of incorporation, Article Fifth,
paragraph (9) neither precludes consideration of the proposed merger nor
requires an 80% supermajority vote for its approval.
2. Relying on Elliot Associates, L. P. v. Avatex Corp., Del. Supr., 715
SNIPPETS:
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4
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MOTION FOR CERTIFICATION OF AN INTERLOCUTORY APPEAL
|
EXTRACTED KEY WORDS
CHARTER MERGER UPS SHAREHOLDERS RULING SUPERMAJORITY SHARES CERTIFICATE PLAINTIFF PRELIMINARY INJUNCTION VOTE INTERLOCUTORY CHANCERY INTERLOCUTORY APPEALS SUPREME COURT CHARTER AMENDMENT DEFENDANTS TRANSACTION DIRECTORS DELAWARE MOTION DENYING PROPOSED MERGER LEGAL RIGHTS DETERMINATION AVATEX SPECIAL SHAREHOLDERS MEETING JUSTICE INTENT |
1:N THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
_________~-_________________I__________----------------~---------
X
LINDA DEE STARKMAN, TRUSTEE, THE
LINDA DEE STARKMAN TRUST, individually :
and representatively,
Plaintiff,
V. : Civil Action No. 17447 NC
UNITED PARCEL SERVICE OF AMERICA,
INC., UNITED PARCEL SERVICE, INC., IJPS
MERGER SUBSIDIARY INC., JOHN W. ALDEN,
WILLIAM H. BROWN, ROBERT J. CLANIN,
MICHAEL L. ESKEW, JAMES P. KELLY, ANN
M. LIVERMORE, GARY E. MacDOUGAL,
JOSEPH R. MODEROW, KENT C. NELSON,
VICTOR A. PELSON, JOHN W. ROGERS,
CHARLES L. SCHAFFER, LEA N. SOUPATA,
ROBERT M. TEETER, and THOMAS H.
WEIDEMEYER,
Defendants.
MOTION FOR CERTIFICATION OF AN INTERLOCUTORY APPEAL
ROSENTHAL, MONHAIT, MILBERG WEISS BERSHAD
GROSS & GODDESS, P.A. HYNES & LERACH LLP
Norman M. Monhait (DSBA No. 1040) Melvyn I. Weiss
Suite 1401 Steven G. Schulman
Mellon Bank Center Edith M. Kallas
919 North Market Street Joshua H. Vinik
`Wilmington, DE 19801 Clifford S. Goodstein
(302) 656-4433 Charles S. Hellman
One Pennsylvania Plaza
Attornqys for Plaint@ New York, NY 10119-0165
(212) 594-5300
Of Counsel for Plaint@
SNIPPETS:
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5
.
PLAINTIFFS REPLY MEMORANDUM OF LAW IN SUPPORT OF ITS MOTION FOR PRELIM. INJUNCTION (REDACTED)
|
EXTRACTED KEY WORDS
SHAREHOLDERS CHARTER TRANSACTION VOTE UPS PURPOSE ENTRENCHMENT SHARES MERGER COURT PRELIMINARY INJUNCTION VOTING PLAINTIFF CONTROL DEL SUPERMAJORITY MEMORANDUM MANAGEMENT INTRODUCTORY PROVISIONS BROWN SHAREHOLDERS VOTING POWER EMPLOYEE-OWNERS EFFICIENCY VOTE TOTALS ENRICH DEFENDANTS VOTING RIGHTS CHARTER AMENDMENT IPO |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWm
IN AND FOR NEW CASTLE COUNTY
--_-----________________________________-------------------------- X
LINDA DEE STARKMAN, TRUSTEE, THE :
LINDA DEE STARKMAN TRUST, individually :
and representatively,
Plaintiff,
V. : Civil Action No. 17447 NC
UNITED PARCEL SERVICE OF AMERICA, :
INC., UNITED PARCEL SERVICE, INC., UPS :
MERGER SUBSIDIARY INC., JOHN W. ALDEN, : REDACTED
WILLIAM H. BROWN, ROBERT J. CLANIN, :
MICHAEL L. ESKEW, JAMES P. KELLY, ANN :
M. LIVERMORE, GARY E. MacDOUGAL, :
JOSEPH R. MODEROW, KENT C. NELSON, :
VICTOR A. PELSON, JOHN W. ROGERS,
CHARLES L. SCHAFFER, LEA N. SOUPATA, :
ROBERT M. TEETER, and THOMAS H.
WEIDEMEYER,
Defendants.
--__----__-----___------------------------------------------------ x
PLAINTIFF'S REPLY MEMORANDUM OF LAW IN SUPPORT
OF ITS MOTION FOR PRELIMINARY INJUNCTION
,ROSENTHAL, MONHAIT, MILBERG WEISS BERSHAD
GROSS & GODDESS, P.A. HYNES & LERACH LLP
Norman M. Monhait Melvyn I. Weiss
Suite 1401 Steven G. Schulman
Mellon Bank Center Joshua H. Vii
919 North Market Street Edith M. Kallas
Wilmington, DE 19801 Clifford S. Goodstein
(302) 6564433 Charles S. Hellman
One Pennsylvania Plaza
Attorneys for Plaintlr New York, NY 10119-0165
(212) 594-5300
SNIPPETS:
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6
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BRIEF IN OPPOSITION TO MOTION FOR PRELIMINARY INJUNCTION (REDACTED)
|
EXTRACTED KEY WORDS
TRANSACTION UPS COURT DIRECTORS IRREPARABLE HARM STOCK SHARES MERGER BUSINESS KELLY DECL VOTE PRELIMINARY INJUNCTION CORN STOCKHOLDERS BLASIUS SHAREHOLDERS VALID BUSINESS IPO MANAGEMENT PELSON DECL PROBABILITY PREFERRED STOCK DEFENDANTS UNITED PARCEL SERVICE SUPERMAJORITY VOTE VOTING POWER SHAREOWNERS COMMON STOCK CLANIN DEP |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
LINDA DEE STARKMAN, TRUSTEE, THE >
LINDA DEE STARKMAN TRUST, >
individually and representatively, >1
Plaintiff, 1)
V. ) C.A. No. 17447
>
UNITED PARCEL SERVICE OF AMERICA, )
INC., et al, )> REDACTED
Defendants. >
BRIEF IN OPPOSITION TO
PLAINTIFF'S MOTION FOR PRELIMINARY INJUNCTION
MORRIS, MCHOLS, ARSHT & TUNNELL
Kenneth J. Nachbar
William M. Lafferty
S. Mark Hurd
Jessica Zeldin
1201 N. Market Street
P.O. Box 1347
Wilmington, DE 19899- 1347
(302) 658-9200
Attorneys for Defendants
OF COUNSEL:
:Mitchell A. Karlan
Peter J. Beshar
GIBSON DUNN & CRUTCHER
200 Park Avenue
New York, NY 10166-0193
October 14, 1999
1.
TABLE OF CONTENTS
Page
SNIPPETS:
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7
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PLAINTIFFS MEMORANDUM OF LAW IN SUPPORT OF MOTION FOR PRELIMINARY INJUNCTION (REDACTED)
|
EXTRACTED KEY WORDS
MERGER SHARES SHAREHOLDERS DEFENDANTS CHARTER BROWN COURT TRANSACTION VOTING DELAWARE TRUST DEL LAW PRELIMINARY INJUNCTION VOTE COMMON STOCK SUBSIDIARIES SUPERMAJORITY VOTING POWER REPRESENTING CHARTER AMENDMENT MANAGEMENT UNITED PARCEL SERVICE SUPERMAJORITY VOTING REQUIREMENTS IPO CERTIFICATE MANIPULATION STOCKHOLDERS INCORPORATION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
-__________--_--------------------
____-_-------------_s_____l_____
X
LINDA DEE STARKMAN, TRUSTEE, THE :
LINDA DEE STARKMAN TRUST, individually :
and representatively,
Plaintiff,
V. : C.A. No. 17%W
r-
UNITED PARCEL SERVICE OF AMERICA, :
INC., UNITED PARCEL SERVICE, INC., UPS :
MERGER SUBSIDIARY INC., JOHN W. ALDEN, :
WILLIAM H. BROWN, ROBERT J. CLANIN, :
MICHAEL L. ESKEW, JAMES P. KELLY, ANN : REDACTED
M. LIVERMORE, GARY E. MacDOUGAL, :
JOSEPH R. MODEROW, KENT C. NELSON, :
VICTOR A. PELSON, JOHN W. ROGERS, :
CHARLES L. SCHAFFER, LEA N. SOUPATA, :
ROBERT M. TEETER, and THOMAS H.
WEIDEMEYER,
Defendants.
______________---_------------------------------------------------ x
PLAINTIFF'S MEMORANDUM OF LAW IN SUPPORT
OF ITS MOTION FOR PRELIMINARY INJUNCTION
ROSENTHAL, MONHAIT, MILBERG WEISS BERSHAD
GROSS & GODDESS, P.A. HYNES & LERACH LLP
Norman M. Monhait Meivyn I. Weiss
Suite 1401 Steven G. Schulman
Mellon Bank Center Edith M. Kallas
919 North Market Street Joshua H. Vinik -
Wilmington, DE 19801 Clifford S. Goodstein
(302) 656433 Charles S. Hellman
One Pennsylvania Plaza
Attorneys for Plainti$ New York, NY 10119-0165
(212) 594-5300
SNIPPETS:
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8
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CLASS ACTION COMPLAINT
|
EXTRACTED KEY WORDS
SHAREHOLDERS PLAINTIFF MEMBERS SHARES MERGER VOTING POWER TRUST DIRECTORS STOCK MANAGEMENT PLAN TRANSACTION EMPLOYEES BROWN JOHN CERTIFICATE INCORPORATION UNITED PARCEL SERVICE LINDA DEE STARKMAN LIVERMORE FIDUCIARY DUTIES COMMON STOCK SENIOR VICE PRESIDENT MERGERSUB CONSUMMATION EXECUTIVES STOCK OPTIONS MATERIAL FACTS ATTORNEYS |
i --
J / (&.j
,_. :/ .'
pi ~, :-
/-I /
:`
r
i 4
i / , .,f) / 5
!/
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
------------------------------------ -_-X
LINDA DEE STARKMAN, TRUSTEE, THE
LINDA DEE STARKMAN TRUST,
individually and representatively,
Plaintiff,
-against- : C.A. No.
UNITED PARCEL SERVICE OF AMERICA,
INC., UNITED PARCEL SERVICE, INC.,
UPS MERGER SUBSIDIARY INC., JOHN W.
ALDEN, WILLIAM H. BROWN, ROBERT J.
CLANIN, MICHAEL L. ESKEW, JAMES P.
KELLY, ANN M. LIVERMORE, GARY E.
MacDOUGAL, JOSEPH R. MODEROW, KENT C
NELSON, VICTOR A. PELSON, JOHN W.
ROGERS, CHARLES L. SCHAFFER, LEA N. I
SOUPATA, ROBERT M. TEETER, and THOMAS f.`
.`
.
H. WEIDEMEYER, _.",
Defendants.
------------------------------------- X
CLASS ACTION COMPLAINT
Plaintiff, by and through plaintiff's attorneys and on
behalf of plaintiff and all other shareholders similarly
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