 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
DEFENDANT STIFEL FINANCIALS OPENING BRIEF IN SUPPORT OF MOTION FOR SUMMARY JUDGMENT ON EXPENSES
|
EXTRACTED KEY WORDS
COCHRAN COURT SUMMARY JUDGMENT DUTY CLAIM INDEMNIFICATION MOTION DELAWARE CREDIT CARD CHARGES FEES CREDIT CARD REASONABLENESS CRIMINAL PROCEEDING SEEKING INDEMNIFICATION BREACH PERSONAL CREDIT CARD PLAINTIFF PURCHASES CONNECTION HOUSE EXPENSES DOCUMENTS RELATING LEGAL FEES SINGLE DOCUMENT DELAWARE LAW ARBITRATION ACTION MAINTENANCE CITADEL HOLDING CORN PLFL AUTHORITIES PRELIMINARY STATEMENT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
__--------.. - - - - - - - - - - - - - - - - - - - -x
ROBERT M. COCHRAN,
Plaintiff,
:
V. Civ. A. No. 17350-NC
:
STIFEL FINANCIAL CORPORATION,
:
Defendant.
:
----------~--------------------x .~
DEFENDANT STIFEL FINANCIAL CORPORATION'S OPENING BRIEF
IN SUPPORT OF ITS MOTION FOR SUMMARY JUDGMENT ON EXPENSES
SKADDEN, ARPS, SLATE,
ME:AGHER & FLOM LLP
One Rodney Square
P.O. Box 636
Wilmington, Delaware 19899
(302) 651-3000
Attorneys for Defendant
STIFEL FINANCIAL CORPORATION
Dated: February 23,200l
TABLE OF CONTEZ
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . ii
PRELIMINARY STATEMENT . . . ~ . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
STATEMENT OF FACTS . . . . . . . . . . . . . . . . . . . . . . . . . I . . . . . . . . ~ . . . . .
Co&ran Did Not Produce All Documents Until January 2001 . . . . . . . . . . . . . . .4
SNIPPETS:
|
|
2
.
MEMORANDUM OPINION (CORRECTED PAGES)
|
EXTRACTED KEY WORDS
COURT BREACH DUTY CLAIM COCHRAN DELAWARE SUMMARY JUDGMENT PROCEEDING ESQUIRE STANDARD SUCCESS AUTHORIZE LAW CONTRACT PROMISSORY NOTE COMPENSATION REASON STIFEL NICOLAUS CAPACITIES PARTIES CONTENTIONS CRIMINAL PROCEEDING SUBSECTIONS MANDATORY INDEMNIFICATION DEFENDANT WILMINGTON EMPLOYMENT CONTRACT REQUIRING ARBITRATION INDEMNIFICATION BYLAW |
Pages 8,9,21,22 and 23 have been corrected.
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff, >>
V. > Civil Action No. 17350
>
STIFEL FINANCIAL CORPORATION, )
Defendant.
-i i 1
`/ ' !
I-.:
)
MEMORANDUM OPINION I .'
;>
C'3
Date Submitted: November 30, 2000 , . -
Date Decided: December 13,200O .:,i m
Date Corrected: December 19, 2000 .-' lx7
Judith Nichols Renzulli, Esquire, of DUANE, MORRIS & HECKSCHER,
Wilmington, Delaware; Of Counsel: Matthew A. Taylor, Esquire, of DUANE,
MORRIS & HECKSCHER, Philadelphia, Pennsylvania; Robert J. Valihura, Jr.,
Esquire, Wilmington, Delaware, Attorneys for Plaintiff.
Edward P. Welch, Esquire, of SKADDEN, ARPS, SLATE, MEAGHER & FLOM,
Wilmington, Delaware; Of Counsel: Dennis M. Kelleher, Esquire, of SKADDEN,
ARPS, SLATE, MEAGHER & FLOM, Boston, Massachusetts, Attorneys for
Defendant.
STRINE, Vice Chancellor
Cochran v. St&d Financial,
Decided
Award necessarily depended on certain subsidiary findings, which Co&ran
may not now dispute. They include the facts that:
l Co&ran was properly terminated for cause under 5 7(a) of the
SNIPPETS:
|
|
3
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
COCHRAN COURT SUMMARY JUDGMENT DELAWARE STIFEL NICOLAUS INDEMNIFICATION PARTIES CONTRACT BYLAW PROMISSORY NOTE PLAINTIFF OFFICER EMPLOYMENT REASON INDEMNIFY COMPENSATION CRIMINAL PROCEEDING DEFENDANT DUTY CLAIM INDEMNITY CAPACITIES ARBITRATION NON-COMPETE CLAIMS PLAINTIFF ROBERT WILMINGTON ATTORNEYS OBLIGATIONS AGREEMENT SUCCESS STANDARD |
IN THE COURT OF Ct[ANCERY OF THE STATES OF DELAWARE
IN AND !`;OR NEW CASTLE COUNTY
ROBERT M. COCHRAN;
Plaintiff,
V. > Civil Action No. 17350
STIFEL FINANCIAL CC~RPORATION,
>
Defendant. >
M EI\IIORANDIJ'M OPINION
Date SL.bmitted: November 30, 2000
Date Ikcided: December 13, 2000
Judith Nichols Renzulli, Esquire, of DUANE, MORRIS & HECKSCHER,
Wilmington, Delaware; Of Co,Lmsel: Matthew A. Taylx, Esquire, of DUANE,
MORRIS & HECKSCHER, Plniladelpl~ia, Pennsylvania; R.obert J. Valihura, Jr.,
Esquire, Wilmington, Delaware, Attorneys for Plaintiff.
Edward P. Welch, Esquire, of SKADDEN, ARPS, SL,ATE, MEAGHER & FLOM,
Wilmington, Delaware; Of Counsel: Dennis M. Kelleher, Esquire, of SKADDEN,
ARPS, SLATE, MEAGHER ,& FLOM, Boston, Massachusetts, Attorneys for
Defendant.
!STRINE, Vice ClhancelXou
This opinion resole 1L
SC (cross-motions for summary. judgment brought in
a complicated indemni fication case. In a previous opiri~1,' the court
resolved a panoply of difficult issues, some of which the parties now seek to
revi sit.
In this opinion, the court concludes that plaintiff Robert M.. Cochran is
entitled to summary judgment as to certain claims against him that he
SNIPPETS:
|
|
4
.
DEFENDANTS REPLY IN FURTHER SUPPORT OF MOTION FOR PARTIAL SUMMARY JUDGMENT
|
EXTRACTED KEY WORDS
SUMMARY JUDGMENT STIFEL NICOLAUS COURT COCHRAN EMPLOYMENT AGREEMENT EXCESS COMPENSATION PROMISSORY NOTE ARBITRATION ACTION DELAWARE MOTION MATTER DEL FAITH OFFICER INDEMNIFICATION NON-COMPETE CLAIMS REPAY STIFEL NICOLAUS MATERIAL FACTS INCENTIVE NOTE OPPOSITION OKLAHOMA OFFICE PLAINTIFF AMENDED COMPLAINT ARBITRATORS EVIDENCE SUFFICIENT ARBITRATION AWARD DUTY/RIGHT INDEMNITY CLAIM TERMINATE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CAST:LE COUNTY
:
_ ., _ _ - - - - - - I - - - - _ - - - - - - _ - - - - - ,. - -x
;
ROBERT M. COCHRAN,
Plaintiff,
V. Civ. A. No 17350-NC
STIFEL FINANCIAL CORPORATION,
Defendant.
_ . - _. - - - - - - "_---I ___--______--..- x
DEFENDANT STIFEL FINANCIAL CORPORATION'S
REPLY IN FURTHER SUPPORT OF ITS
MOTION FOR PARTIAL SUMMARY JUDGMENT
SKADDEN, ARP!;, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
P.O. Box 636
Wilmington, Delaware 19899
(302) 651-3000
Attorneys for Defendant
STIFEL FINANC:l.AL CORPORATION
Dated: November 27,200O
`:ABLE OF CONT.=
Preliminary Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I
Argument . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I. SUMMARY JUDGMENT SHOlJLD BE GRANTED IN FAVOR
OF STIFEL FINANCIAL BECAUSE THERE IS NO GENUINE
ISSUE OF MATERIAL FACT AND STIFEL FINANCIAL IS
ENTITLED TO SUMMARY JUDGMENT AS A MATTER OF LAW . . . I . . . 7
SNIPPETS:
|
|
5
.
REPLY BRIEF OF PLAINTIFF IN SUPPORT OF MOTION FOR PARTIAL SUMMARY JUDGMENT
|
EXTRACTED KEY WORDS
COURT JUDGEMENT DELAWARE MOTION PLAINTIFF COCHRAN ARBITRATION ACTION SUPPORT FEES CRIMINAL PROCEEDING BYLAW LIABILITY ROBERT DEFENDING LAW SUCCESSFUL MANDATORY INDEMNIFICATION REARGUMENT INDEMNIFY DELAWARE SUPPORT DIRECTORS SUPREME COURT PERMISSIVE PROVISIONS COUNSEL DUANE MORRIS HECKSCHER LLP PHILADELPHIA WILMINGTON REGARDLESS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff
C.A. No. 1'7350-NC
..- :
STIFEL FINANCIAL CORP.,
a Delaware corporation,
Defendant. , .
REPLY BRIEF OF PLAINTIFF ROBERT M. COCHRAN IN SUPPORT ./
OF HIS MOTION FOR PARTIAL SUMM?iRY JUDGMENT
Judith Nichols .Renzulli, Esquire
DUANE, MORRIS & HECKSCHER LLP
1100 North Market Street
Suite 1200
Wilmington, DE 19801
(302) 657-4900
Attorneys for Plaintiff,
Robert M. Coc.hran
OF COUNSEL:
DUANE, MORRIS & HECKSCHER LLP
Matthew A. Taylor
One Liberty Place
Philadelphia, PA 191.03-7396
(215) 9'79-1000
ROBERT J. VALIHURA, JR., P.A.
Robert J. Valihura, Jr.
718 Kilburn Road
Wilmington, DE 19803
(302) 4'77-0437
Dated: November 15, 2000
TABLE OF CONTENTS
SNIPPETS:
|
|
6
.
ANSWERING BRIEF OF PLAINTIFF IN OPPOSTION TO MOTION FOR PARTIAL SUMMARY JUDGMENT
|
EXTRACTED KEY WORDS
COCHRAN STIFEL FINANCIAL4 ARBITRATION ACTION JUDGEMENT COMPENSATION MOTION PROCEEDING ROBERT INDEMNIFICATION TAYLOR EMPLOYMENT AGREEMENT FAITH COURT INCENTIVE LOANS COUNSEL SUMMARY JUDGMENT AMENDED COMPLAINT TERMINATION EXECUTIVE VICE PRESIDENT FIDUCIARY DUTIES PARTIAL SUMMARY JUDGMENT DEFENDANT OPPOSITION HECKSCHER LLP WILMINGTON DELAWARE LAW REPAYMENT FAITH DETERMINATION ARBITRATION TRANSCRIPT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE kaL
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff, : CA. No. 17350-NC
V.
STIFEL FINANCIAL CORPORATION,
Defendant.
ANSWERING BRIEF OF PLAINTIFF
ROBERT M. COCHRAN IN OPPOSITION TO
DEFENDANT'S MOTION FOR PARTIAL,FUMMARY JUDGMENT
DUANE, MORRIS & HECKSCHER LLP
Judith Nichols Renzulli
1100 North Market Street, Suite 1200
Wilmington, DE 19899
(302) 65'7-4900
Attorneys, for Robert M. Cochran
OF COUNSEL:
Matthew A. Taylor
DUANE, MORRIS & HECKSCHER LLP
One Liberty Place
Philadelphia, PA 19103-7396
(215) 979-1000
Robert J. Valihura, J-r.
ROBERT J. VALlHURA, JR., P.A.
718 Kilbum Road
Wilmington, DE 19803
(302) 477-0437
Dated: November 15.2000
TABLE OF CONTENTS
SNIPPETS:
|
|
7
.
DEFENDANTS SUPPLEMENTAL REPLY IN FURTHER SUPPOR OF MOTION TO DISMISS
|
EXTRACTED KEY WORDS
MOTION DEFENDANT SUPPORT PARTIAL MOTION AMENDED COMPLAINT STIFEL NICOLAUS FINANCIAL CORPORATION COURT DISMISS JUDGEMENT COCHRAN SUPPLEM ARBITRATION ACTION PLAINTIFF ROBERT DELAWARE ADMISSIONS SUMMARY JUDGMENT RESPONSE EXTEND CASTLE COUNTY CHANCERY OPENING PARENT CORPORATION SLATE SLA HEREBY RECOVEC AMOUNTS |
ORIGINAL
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE I '
IN AND FOR NEW CASTLE COUNTY
_____-_______-__-_-_------ -----X
:
ROBERT M. COCHRAN,
:
Plaintiff,
V. Civ. A. No. 17350-NC
.m
STIFEL FINANCIAL CORPORATION,
:
Defendant.
:
-------------------------------x
NOTICE OF MOTION
TO: Judith N. Renzulli, Esquire
Duane, Morris & Heckscher LLP
1201 Orange Street, 10"' Floor
Wilmingtion, DE 19801
PLEASIE TAKE NOTICE that the attached Motion For Leave To File
Supplemental Reply will be presented by the undersigned counsel for defendant at the
earliest convenience of the Court and counsel.
Edward P. Welch W
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
P.O. Box 636
Wilmington, Delaware 19899
(302) 651-3000
Attorneys for Defendant
Stifel Financial Corporation
DATED: November G, 2000
SNIPPETS:
|
|
8
.
DEFENDANTS REPLY IN FURTHER SUPPORT OF MOTION TO EXTEND TRIAL DATE
|
EXTRACTED KEY WORDS
DISCOVERY DEFENDANTS PLAINTIFFS COURT PENDING SUMMARY JUDGMENT DISMISS COCHRAN RESPONSE STIFEL FINANCIAL CORPORATION SUPPORT DELAWARE PARTIES DEL CHANCERY COMPLAINT PURPOSES RESOLUTION REQUESTS HARRIS TRUST DISPOSITION DII PREJUDICE DEFENDANTS ARGUE MATTER JURISDICTION AMERICAN STANDARD CASTLE COUNTY PLAINTIFF ROBERT IMMINENT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
: :
Plaintiff, r 1
". Civ. A. No. :17350-l& `,
STIFEL FINANCIAL CORPORATION,
Defendant.
_-__________--------------- ---"x
DEFENDANT'S REPLY IN FURTHER SUPPORT OF ITS
MOTION TO EXTEND TRIAL DATE AND DISCOVERY
DUE TO PENDING MOTIONS FOIR SUMMARY JUDGMENT
Defendant Stifel Financial Corporation ("Defendant" or "Stifel Financial"),
respectfully submits this reply in further support for its Motion To Extend Trial Date And
Discovery Due To Pending Motions For Summary Judgment ("Motion To Extend"), tiled
October 2'7,200O.
In Plaintiffs Response In Opposition To Defendant's Motion To Extend
`Trial Date And Discovery Due To Pending Motions For Summary Judgment ("Response"),
:filed November 3,2000, plaintiff Robert M. Coch:ran ("Plaintift' or "Cochran") does not
address -- ;and does not dispute -.. the primary purpose for Defendant's motion: the Court's
:imminent decisions on the parties' pending motions for summary judgment will very likely
dramatically narrow this case anJ, as a result, most of the discovery now sought may well
be unnecessary. Given how extensive and costly that discovery is going to be, it would be
inefficient and wasteful to conduct such discovery in light of the pending motions,
particularly given that those moti.ons will be resolved in the very near future. Furthermore,
SNIPPETS:
|
|
9
.
PLAINTIFFS RESPONSE IN OPPOSITION TO DEFENDANTS MOTION TO EXTEND TRIAL DATE
|
EXTRACTED KEY WORDS
COURT MOTION COCHRAN MATTER PLAINTIFF DISCOVERY REQUEST EXTEND INDEMNIFICATION ROBERT JUDGEMENT PENDING RESOLUTION COUNSEL DELAY CONNECTION PARTIES DELAWARE REVIEW POSTPONEMENT BOXES OFFICE CONFERENCE SUMMARY JUDGMENT EXHIBIT SCHEDULE RESPONSE LITIGATION UNDERLYING MASSACHUSETTS |
IN THE COURT OF CHANCERY OF TH : STATE OF DELAWARE
IN AND FOR NEW CAST1 3 COUNTY
ROBERT M. COCHRAN,
Plaintiff,
V. C.A No. 17350 NC
STIFEL FINANCIAL CORP.,
a Delaware corporation,
Defendant.
PLAINTIFF'S RESPONSE IN (: PPOSITION TO
DIEFENDANT'S MOTION TO EXTEND TRI iL DATE AND DISCOVERY
DUE TO PENIDING MOTIONS FOR S MMARY JUDGMENT
This is Plaintiff Robert M. Cochran's ("Plaintiff" )r "Mr. Cochran") Opposition to Stifel
Financial Corp.`s ("Stifel") Motion to Extend Trial Date nd Discovery (the "Motion to
Extend").
This matter, an action for statutory indemnificatic 1, has been pending now since August,
1999. As the Court is now well aware, this case has a lo g and tortured history of Stifel
attempting to avoid its indemnification obligations to MI Cochran. We have now seen three
substantive motions by Stifel, an uncertified interlocutor (and ultimately unsuccessful) appeal to
the Supreme Court and now, ;a second attempt to delay tl : ultimate resolution of this matter.
Mr. Cochran has moved quickly and diligently to neet each of Stifel's myriad of motions
in this action, and will continue to do so. One can only 1 :lieve that the vigor at which Stifel has
made these motions means only one thing: Stifel wants I avoid at all costs the final resolution
of this matter and its statutory and contractual obligation o indemnify Mr. Cochran for litigation
relating to his services to St&l and its wholly-owned sul ;idiary, Stifel Nicolaus & Co. Inc.
Defendant's Motion to Extend is a transparent attempt to delay Mr. Cochran's right to
SNIPPETS:
|
|
10
.
DEFENDANTS OPENING BRIEF IN SUPPORT OF MOTION TO DISMISS
|
EXTRACTED KEY WORDS
STIFEL NICOLAUS AGENT AMENDED COMPLAINT DEL COCHRAN SUPPORT MOTION ALLEGE PARENT DISMISS SUBSIDIARIES ALLEGATIONS INDEMNIFICATION AGENCY COURT COCHRAN ADMITS MASSACHUSETTS INSUFFICIENT AGENCY RELATIONSHIP DELAWARE LAW DIRECTORS PARTIAL MOTION CONCLUSORY ALLEGATIONS WHOLLY-OWNED SUBSIDIARIES ARBITRATION ACTION MEAGHER FLOM LLP BEACON STREET MANDATORY INDEMNIFICATION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
_ _ _ _ _ _ _ _ _ _ _ _ _ _ - - . - _ _ _ _ _ _ _ _ - - - - -x
:
ROBERT M. COCHRAN,
Plaintiff,
V.
:
STIFEL FINANCIAL CORPORATION,
:
Defendant.
_______--------- ---------------x
DEFENDANT'S OPENING BRIEF IN SUPPORT OF ITS
PARTIAL MOTION TO DISMISS THE AMENDED COMPLAINT
One
P.O.
Of the Massachusetts 13ar:
SKADDEN, ARPS, SL,ATE,
MEAGHER & FLOM LLP
One Beacon Street
Boston, Massachusetts 02108-3194
(617) 573-4800
DATED: May 30,200O
TABLE OF CONTENTS
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . i
SNIPPETS:
|
|
11
.
AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
STIFEL FEES COCHRAN INDEMNIFICATION EXPENSES ATTORNEYS COSTS OFFICER EMPLOYEE BY-LAWS REQUEST PURSUANT DEL REIMBURSEMENT COURT CRIMINAL PROCEEDING ARBITRATION ACTION DIRECTORS PLAINTIFF ROBERT CONNECTION FULLY SET SUCCESSFUL AMENDED COMPLAINT REALLEGES PARAGRAPHS TRANSACTION EXECUTIVES DEFENDING DEFENDANT TIMES RELEVANT HERETO |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE:
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff,
V. C.A. No. 17350 NC
STIFEL FINANCIAL CORP.,
a Delaware corporation,
Defendant.
AMENDED COMPLAINT
For his Amended Complaint against Defendant, Stifel Financial Corp. ("Stifel"),
Plaintiff Robert M. Cochran ("Mr. Cochran"), by and through his undersigned attorneys, states:
INTRODUCTION
1. This is an action pursuant to 8 Del. C. 5 145 and the By-Laws of Stifel. Mr.
Cochran is seeking indemnification and reimbursement of his fees, expenses and costs, including
attorneys' fees, incurred in defense of two matters brought against him as a result of his service
a director, officer and/or employee of Stifel's wholly-owned subsidiary, Stifel, Nicolaus &
Company, Inc. ("SNC").
THE PARTIES
2. Plaintiff, Mr. Co&ran, at all times relevant hereto, was an agent of Stifel,
having served as a director, officer and employee of SNC at the request of Stifel.
3. Stifel is a corporation organized and existing under the laws of the State of
Delaware. Stifel's principal executive offices are located at 500 North Broadway, St. Louis,
Missouri. Stifel's registered agent in Delaware is the Corporation Trust Company with offices at
Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware. Stifel's primary business is
SNIPPETS:
|
|
12
.
LETTER OPINION
|
EXTRACTED KEY WORDS
COURT INDEMNIFICATION DEL SUPREME COURT INTERLOCUTORY STATUTE SUPR REVIEW CERTIFICATION MOTION APPEALS DISMISS COCHRAN SCHARF LAW DEFENSE RULING COMPLAINT SORENSEN/GOLDMAN DEFENDANT LEXIS CONTENDS DISTRICT MEM TERMINATE DETERMINATION AFFIRMATIVE DEFENSE MERITS GOLDMAN |
C O U R T O F C H A N C E R Y
OF THE
S TATE OF D ELAWARE
LEO E. STRINE, J R.
"ICE-CHANCELLOR
April 6,200O
Judith Nichols Renzulli, Esquire
Duane, Morris & Heckscher
1201 Orange Street, Suite 1001
Wilmington, DE 19801-0195
Edward P. Welch, Esquire
Skadden, Arps, Slate, Meagher & Flom
One Rodney Square
P.O. Box 636
Wilmington, DE 19899
Re: Co&ran v. Stifel Financial Corn., C.A. No. 17350
Dear Counsel:
The defendant, Stifel Financial Corp., seeks certification of my order
of March 8, 2000 denying its motion to dismiss plaintiff Robert M.
Co&an's complaint on the ground that Cochran's indemnification claims
were barred by the relevant statute of limitations.' In its motion to dismiss,
Stifel Financial contended that the one-year statute of limitations contained
in 10 Del. C. 0 8111, as interpreted by the United States District Court of the
District of Delaware in Sorensen v. The Overland Cor~.~ and by the state
' See Cochran v. St@ Financial Covp., Del. Ch., C.A. No. 17350, mem. op., Sine, V.C. (Mar.
8, 2000).
' 142 F.Supp. 354 (D.Del. 1956), ajf'd, 242 F.2d 70 (3d Cir. 1957).
Co&an v. Stfel Financial Corp., C.A. No. 173.50
April 6,200O
Page 2
SNIPPETS:
|
|
13
.
PLAINTIFFS BRIEF IN OPPOSITION TO DEFENDANTS APPLICATION FOR CERTIFICATION OF INTERLOCUTORY APPEAL
|
EXTRACTED KEY WORDS
INTERLOCUTORY APPEALS SUPREME COURT DEFENDANT SUPREME COURT RULE PLAINTIFF INTERLOCUTORY REVIEW CERTIFICATION DEFENSE STATUTE LIMITATIONS JUDGEMENT JUSTICE STIFEL ROBERT DEL LITIGATION SERVE CONSIDERATIONS TERMINATE INDEMNIFICATION DELAWARE CORPORATION VALIHURA WILMINGTON EDGCOMB CORN STIFEL NICOLAUS TRIAL COURT JURISDICTION COMPLAINT HECKSCHER LLP PURPOSES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE $6
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff,
V. C.A. No. 17350-NG ~
STTFEL FINANCIAL CORP.,
a Delaware corporation,
Defendant.
.-;
PLAINTIFF'S BRIEF IN OPPOSITION
TO DEFENDANT'S APPLICATION FOR
CERTIFICATION OF AN INTERLOCUTORY APPEAL
DUANE, MORRIS & HECKSCHER LLP
Judith Nichols Renzulli
1201 Orange Street, Suite 1001
Wilmington, DE 19801-0195
(302) 571-5550
Attorneys for Plaintiff
Robert M. Co&ran
OF COUNSEL:
DUANE, MORRIS & HECKSCHER LLP
Matthew A. Taylor
One Liberty Place
Philadelphia, PA 19103-7396
(215) 979-1000
ROBERT J. VALIHURA, JR., P.A.
Robert J. Valihura, Jr.
7 18 Kilburn Road
Wilmington, De 19803
(302) 477-0437
Dated: March 29, 2000
SNIPPETS:
|
|
14
.
DEFENDANTS MEMORANDUM IN SUPPORT OF APPLICATION FOR CERTIFICATIN OF INTERLOCUTORY APPEAL
|
EXTRACTED KEY WORDS
DELAWARE SUPREME COURT STATUTE INTERLOCUTORY APPEALS STIFEL LITIGATION TERMINATE DEL COCHRAN LIMITATIONS DEFENSE SUPR INTERLOCUTORY REVIEW CERTIFICATION JUSTICE SERVE CHANCERY INDEMNIFICATION ACTIONS LIMITATIONS PERIOD MASSACHUSETTS BAR LAVENTHOL MEMORANDUM ACCORDING APPLICABLE STATUTE PLAINTIFFS SERVE CONSIDERATIONS COMPLAINT MEAGHER FLOM LLP BEACON STREET AUTHORITIES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff,
V. Civil Action No. 17350-NC
STIFEL FINANCIAL CORP.,
Defendant.
DEFENDANT'S MEMORANDUM IN SUPPORT
OF ITS APPLICATION FOR
CERTIFICATION OF INTERLOCUTORY APPEAL
Edward P. Welch
Michelle Morgan-Kelly
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
Post Office Box 636
Wilmington, Delaware 19899
(302) 651-3000
Attorneys for Defkndant
Stifel Financial Corporation
Of the Massachusetts Bar:
Dennis M. Kelleher
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Beacon Street
Boston, Massachusetts 02 108
(617) 573-4800
DATED: March 20.2000
TABLE OF CONTENTS
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
|
|
15
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
OFFICER COURT DELAWARE STIFEL NICOLAUS EMPLOYEE INDEMNIFICATION INDEMNITY PLAINTIFF COMPLAINT COCHRAN BYLAW STATUTE SEEKING LAW PARENT VICE CHANCELLOR LIMITATIONS EMPLOYMENT LEXIS SUBSECTIONS PUBLIC POLICY PROVISIONS DEMAND REQUIREMENT SUPREME COURT COMPENSATION PROMISSORY NOTE INDEMNIFICATION RIGHTS REASONABLENESS MANDATORY INDEMNIFICATION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff, >>
V. > Civil Action No. 17350
>
STIFEL FINANCIAL CORPORATION, )>
Defendant. )
MEMORANDUM OPINION
Date Submitted: March 1,200O
Date Decided: March 8, 2000
Jan A.T. van Amerongen, Jr., Esquire, of DUANE, MORRIS & HECKSCHER,
Wilmington, Delaware; Of Counsel: Matthew A. Taylor, Esquire, of DUANE,
MORRIS & HECKSCHER, Philadelphia, Pennsylvania; Robert J. Valihura, Jr.,
Esquire, Wilmington, Delaware, Attorneys for Plaintiff.
Edward P. Welch, Esquire, of SKXDDEN, ARPS, SLATE, MEAGHER & FLOM,
Wilmington, Delaware; Of Counsel: Dennis M. Kelleher, Esquire, of SKADDEN,
ARPS, SLATE, MEAGHER & FLOM, Boston, Massachusetts, Attorneys for
Defendants.
STRINE, Vice Chancellor
Defendant Stifel Financial Corporation seeks to dismiss plaintiff
Robert M. Co&ran's complaint seeking indemmfication from Stifel
Financial pursuant to that company's bylaws and 8 Del. C. 5 145. Co&ran's
claims for indemnity are predicated on his servicle as a director, officer, and
employee of Stifel Financial's wholly-owned subsidiary, Stifel Nicolaus &
Company, Inc.. Co&ran alleges that he served Stifel Nicolaus in those
capacities at the request of Stifel Financial and was therefore Stifel
Financial's agent.
SNIPPETS:
|
|
16
.
DEFENDANTS SUPPLEMENTAL REPLY BRIEF IN FURTHER SUPPORT OF ITS MOTION TO DISMISS
|
EXTRACTED KEY WORDS
COURT SUPPORT MOTION DELAWARE DEFENDANT DISMISS FACTS CHANCERY AGENT DEL COMPLAINT AGENCY SUPP CONCLUSORY ALLEGATIONS FAILURE PLAINTIFF AGENCY RELATIONSHIP INDEMNIFICATION SUBSIDIARIES MASSACHUSETTS BAR DELAWARE LAW FLOM LLP PRELIMINARY STATEMENT STIFEL NICOLAUS EXISTENCE SUPREME COURT GENERAL AGENCY BEACON STREET AUTHORITIES |
44
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
-------------------------------x
:
ROBERT M. COCHRAN,
: ."
Plaintiff, /
:
V. Civ. A. No. 17350-NC
:,
: _. ,iJ
STIFEL FINANCIAL CORPORATION, -`.
:
Defendant.
:
DEFENDANT'S SUPPLEMENTAL REPLY BRIEF IN
FURTHER SUPPORT OF ITS MOTION TO DISMISS
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
P.O. Box 636
Wilmington, Delaware 19899
(302) 651-3000
Attorneys for Defendant
Stifel Financial Corporation
Of the Massachusetts Bar:
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Beacon Street
Boston, Massachusetts 02108-3194
(617) 573-4800
DATED: February l&2000
TABLE OF CONTENTS
SNIPPETS:
|
|
17
.
PLAINTIFFS SUPPLEMENTAL ANSWERING BREIF IN OPPOSITION TO DEFENDANTS MOTION TO DISMISS
|
EXTRACTED KEY WORDS
COURT DEL DELAWARE MANDATORY INDEMNIFICATION EMPLOYEE REQUEST OFFICER WHOLLY-OWNED SUBSIDIARIES MOTION DISMISS AGENT COCHRAN SERVING FACTS PURSUANT COMPLAINT AGENCY RELATIONSHIP PLAINTIFF PARENT CORPORATION PLEADING STANDARD MERRITT-CHAPMAN CRIMINAL PROCEEDING CHANCERY RULE DEFENDANT OPPOSITION SUCCESSFUL SNC CORNORATION LAW ARBITRATION ACTION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN, ,-/, `-.;
Plaintiff, --
..-`I
V. C.A.No. 17350-NC ' ;..
_.. I
STIFEL FINANCIAL CORP.,
a Delaware corporation,
Defendant.
PLAINTIFF'S SUPPLEMENTAL ANSWERING BRIEF IN
OPPOSITION TO DEFENDANT'S MOTION TO DISMISS
DUANE, MORRIS & HECKSCHER LLP
Jan A.T. van Amerongen, Jr.
1201 Market Street, Suite 1500
Wilmington, DE 19801-0195
(302) 571-5550
Attorneys for Plaintiff
Robert M. Co&ran
OF COUNSEL:
DUANE, MORRIS & HECKSCHER LLP
Matthew A. Taylor
One Liberty Place
Philadelphia, PA 19103-7396
(215) 979-1000
ROBERT J. VALIHURA, JR., P.A.
Robert J. Valihura, Jr.
7 18 Kilburn Road
Wilmington, De 19803
(302) 477-0437
Dated: February IO,2000
TABLE OF CONTENTS
PRELIMINARY STATEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
SNIPPETS:
|
|
18
.
DEFENDANTS SUPPL. OPENING BRIEF IN SUPPORT OF MOTION TO DISMISS
|
EXTRACTED KEY WORDS
INDEMNIFICATION DEL SUBSIDIARY-AGENT COURT DELAWARE COCHRAN MANDATORY INDEMNIFICATION PARENT CORPORATION SUBSECTION LAW SUPPORT AUTHORITY AGENCY REQUEST FAITH DIRECTORS GENERAL AGENCY PRINCIPLES PLAINTIFF DEFENDANT LEGISLATIVE HISTORY STATUTORY CONSTRUCTION EMPLOYEES PROVISIONS LEGISLATURE AGENCY RELATIONSHIP FAITH REQUIREMENT APPLYING DELAWARE LAW PRELIMINARY STATEMENT FAILS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
X
:
ROBERT M. COCHRAN,
:
Plaintiff,
:
V. C. A. No. 17350-NC
STIFEL FINANCIAL CORPORATION,
Defendant.
:
-------------------------------x
-~,
z :
,:. '
I'.
4.. `:,
DEFENDANT'S SUPPLEMENTAL OPENING BRIEF IN - .. ., I"
FURTHER SUPPORT OF ITS MOTION TO DISMISS
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
P.O. Box 636
Wilmington, Delaware 19899
(302) 65 l-3000
Attorneys for Defendant
Stifel Financial Corporation
DATED: January 28,200O
TABLE OF CONTENTS
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . , . . . i
PRELIMINARY STATEMENT . . . . , . . . . . . . . . . . . . . . . . . , . . . . . . , . . 1
ARGUMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
|
|
19
.
DEFENDANTS REPLY BRIEF IN SUPPORT OF MOTION TO DISMISS
|
EXTRACTED KEY WORDS
COCHRAN COURT DELAWARE DEFENDANT DEL JUDGEMENT SUPPORT MOTION DISMISS STATUTE STIFEL NICOLAUS PLAINTIFF COCHRAN FAILS FEES PARENT COCHRAN CONCEDES DELAWARE LAW LIMITATION DIRECTORS SHAREHOLDER ALLEGATIONS CRIMINAL PROCEEDING AGREEMENT OPPOSITION MASSACHUSETTS ATTORNEYS MANDATORY INDEMNIFICATION SUPREME COURT LIMITATION PERIOD |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
-------------------------------x
..
ROBERT M. COCHRAN, *. r
Plaintiff, m I
.. c
V . Civ. A. No, 173502NC _
..
STlFEL FINANCIAL CORPORATION, .
Defendant.
DEFENDANT'S REPLY BRIEF IN
FURTHER SUPPORT OF ITS MOTION TO DISMISS
SKADDEN, ARPS, SLATE,
Of the Massachusetts Bar: MEAGHER & FLOM LLP
Edward P. Welch
Dennis M. Kelleher One Rodney Square
SKADDEN, ARPS, SLATE, P.O. Box 636
MEAGHER & FLOM LLP Wilmington, Delaware 19899
One Beacon Street (302) 651-3000
Boston, Massachusetts 02 108-3 194 Attorneys for Defendant
(617) 573-4800 Stifel Financial Corporation
DATED: December 3, 1999
TABLE OF CONTENTS
PAGE
TABLE OF CASES AND AUTHORITIES . . . . . . . . , . i
PRELIMINARY STATEMENT . . L . . . . j 1
ARGUMENT .., .., . . . . . . . . . . . . . . . . . .I..... . . . . . . . . . . . 3
1;. COCHRAN FAILS TO STATE A CLAIM FOR INDEMNIFICATION
SNIPPETS:
|
|
20
.
PLAINTIFFS ANSWERING BRIEF IN OPPOSITION TO DEFENDANTS MOTION TO DISMISS
|
EXTRACTED KEY WORDS
STIFEL COURT PROCEEDING DELAWARE COCHRAN STATUTE MOTION DISMISS LIMITATIONS DEL COMPLAINT FEES SNC PLAINTIFFS BYLAW CRIMINAL PROCEEDING DELAWARE LAW ARBITRATION ACTION DIRECTORS PROVISIONS CONNECTION MANDATORY SUCCESSFUL AUTHORIZES AGREEMENT DEFENDANT OPPOSITION LLP WILMINGTON |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plain tiff,
V.
STIFEL FINANCIAL CORP.,
a Delaware corporation,
Defendant.
PLAINTIFF'S ANSWERING BRIEF IN
OPPOSITION TO DEFENDANT'S MOTION TO DISMISS
DUANE, MORRIS & HECKSCHER LLP
Jan A. T. van Amerongen, Jr.
1201 Market Street, Suite 1500
Wilmington, DE 19801-0195
(302) 571-5550
Attorneys for Plaintiff
Robert M. Co&ran
OF COUNSEL:
DUANE, MORRIS & HEC'KSCHER LLP
Matthew A. Taylor
One Liberty Place
Philadelphia, PA 19 103-7396
(215) 979-1000
ROBERT J. VALIHURA, JR., P.A.
Robert J. Valihura, Jr.
7 18 Kilburn Road
Wilmington, DE 19803
(302) 477-0437
Dated: November 12, 1999
TABLE OF CONTENTS
TABLE OF AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
|
|
21
.
ANSWER AFFIRMATIVE DEFENSES AND COUNTERCLAIM
|
EXTRACTED KEY WORDS
COCHRAN DEFENDANT AFFIRMATIVE DEFENSE PLAINTIFF COURT RESPECTFULLY REFERS ACCURATE STATEMENT COMPLAINT STIFEL NICOLAUS ADMITS PARAGRAPHS FEES EXPENSES COSTS JUDGEMENT REPEATS NASD FULLY SET DENIES KNOWLEDGE ALLEGES REQUESTS UNITED STATES CRIMINAL PROCEEDING ARBITRATION RESPONSES INFORMATION SUFFICIENT ALLEGATIONS COUNTERCLAIM REALLEGES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ROBERT M. COCHRAN,
Plaintiff, _ -
V. C.A. No. 17350-NC P *
e I.
STIFEL FINANCIAL CORP., : -*
f' Y. -,
Defendant.
ANSWER, AFFIRMATIVE DEFENSES AND COUNTERCLAIM
Defendant Stifel, Financial Corp. ("Stifel Financial"), by its under-
signed counsel, responds to the allegations of the Complaint upon knowledge as to
itself and otherwise upon information and belief as follows:
1. The allegations of Paragraph 1 state legal conclusions as to
which no response is required.
2. Defendant admits that plaintiff served as a director, officer and
employee of its wholly-owned subsidiary, Stifel, Nicolaus & Company, Inc. ("Stifel
Nicolaus"). The remainder of Paragraph 2 of the Complaint contains legal conclu-
sions as to which no response is required.
3. Admitted, except that Stifel's principal executive offices are
located at 501 North Broadway, St. Louis, Missouri.
4. Denied, except respectfully refers the Court to the by-laws for
a complete and accurate statement of their content.
5. Denied, except respectfully refers the Court to the by-laws for
a complete and accurate statement of their content.
SNIPPETS:
|
|
|
| | | |
|
|
