 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
OPINION
|
EXTRACTED KEY WORDS
WSI STOCKHOLDER WAG BOOKS DEL MAGNA INSPECTION RIGHTS PLAINTIFFS PURPOSE DEMAND DISCLOSE COURT JOINT VENTURE STATED PURPOSE KORTTIM DELAWARE CORPORATION SHAREHOLDERS INSPECTION CLAIM DEMAND LETTER SEEKING INSPECTION ESQUIRES VICE CHANCELLOR SHAREHOLDERS AGREEMENT MANAGEMENT PROCEEDING VALUATION PURPOSE SUNROOFS WSI CONTENDS ENTITLEMENT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
FRANZ-JOSEF KORTUM and >
WEBASTO AG FAHRZEUGTECHNIK, )
Plaintiffs, 1>
V. > Civil Action No. 17237
>
WEBASTO SUNROOFS INC., a >
Delaware corporation, >>
Defendant. > -.
OPINION
Date Submitted: October 15, 1999
Date Decided: February 9,200O
Michael D. Goldman, James F. Burnett, and Eileen M. Filliben, Esquires, of POTTER,
ANDERSON & CORROON, Wilmington, Delaware; and. Lawrence D. Pringle and
James V. Parravani, Esquires, of DORSEY & WHITNEY LLP, New York, New York;
Attorneys for Plaintiffs
Samuel A. Nolen, Catherine G. Dearlove, Megan Semple Greenberg and Kelly A.
Herring, Esquires, of RICHARDS, LAYTON & FINGER, Wilmington, Delaware;
Attorneys for Defendant
JACOBS, VICE CHANCELLOR
This action is brought by a director and a 50% stockholder of a joint venture
Delaware corporation to inspect the corporation's books and records under 8 Del.
C. $220. Two issues are presented. The first is whether the inspection rights of
the director -- which otherwise are conceded to be absolute -- may be limited by
ordering the director not to disclose those records (or information derived
therefrom) to the 50% stockholder that designated the dirlector as a board member.
SNIPPETS:
|
|
2
.
PLAINTIFFS POST-TRIAL REPLY BRIEF
|
EXTRACTED KEY WORDS
MAGNA WAG KORTIIM PLAINTIFFS DEL PURPOSE INSPECTION WSI DAB BOOKS VALUATION WEBASTO DELAWARE STOCKHOLDER DEFENDANT NORTH MARKET STREET PROPER PURPOSE JOINT VENTURE PLAINTIFFS FRANZ-JOSEF KORTIIM WEBASTO SUNROOFS SHAREHOLDERS AGREEMENT COMPETITION FAHRZEUGTECHNIK PROCEEDING FINANCIALS MANAGEMENT CORROON LLP WILMINGTON MAGNA ARGUES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
/'
J -i
*.,&; /:.I --
IN AND FOR NEW CASTLE COUNTY i
FRANZ-JOSEF KORTUM and
WEBASTO AG FAHRZEUGTECHNIK,
Plaintiffs, ) C.A. No. 17237-NCC
>
V. >
>
WEBASTO SUNROOFS, INC.,
Defendant.
PLAINTIFFS' POST-TRIAL REPLY BRIEF
Michael D. Goldman
James F. Burnett
Eileen M. Filliben
POTTER ANDERSON & CORROON LLP
Hercules Plaza, Sixth Floor
OF COUNSEL: 13 13 North Market Street
P.O. Box 951
James V. Parravani Wilmington, Delaware 1980 1
DORSEY & WHITNEY LLP
2.50 Park Avenue
New York, New York 10 177
A! ttorneys for Plaintiffs Franz-Josef Kortiim
and Webasto AG Fahrzeugtechnik
Dated: October 8, 1999
TABLE OF AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii
SNIPPETS:
|
|
3
.
ANSWERING POST-TRIAL BRIEF OF WEBASTO SUNROOFS
|
EXTRACTED KEY WORDS
WSI PLAINTIFFS DEL PURPOSE SUNROOFS SHAREHOLDERS FACTS INSPECTION DEMAND FINANCIAL STATEMENTS SHAREHOLDERS AGREEMENT BUSINESS PLANS SALES CUSTOMER VALUATION DEMAND LETTER STOCKHOLDER WEBASTO SUNROOFS STATED PURPOSE MANAGEMENT EXIT STRATEGY COMPETITION ACQUISITION AUDITED FINANCIAL STATEMENTS DETAILED INFORMATION CONTRACTS NORTH AMERICA COMPETITOR UNITED STATES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE /'
_-
; _I
IN AND FOR NEW CASTLE COUNTY i
FRANZ-JOSEF KORTUM and >
WEBASTO AC FAHRZEUGTECHNIK, )
>
Plaintiffs, >
> Civil Action No. 17237
V. >
>
WEBASTO SUNROOFS INC., a Delaware )
corporation, >
>
Defendant. >
ANSWERING POST-TRIAL BRIEF OF WEBASTO SUNROOFS INC.
Samuel A. Nolen
Catherine G. Dearlove
Megan Semple Greenberg
Richards, Layton & Finger
One Rodney Square
P.O. Box 551
Wilmington, Delaware 19899
(302) 658-6541
Attorneys for Defendant
Dated: September 24; 1999
SNIPPETS:
|
|
4
.
PLAINTIFFS OPENING POST-TRIAL BRIEF
|
EXTRACTED KEY WORDS
WSI MAGNA COURT SUNROOFS VALUATION DELAWARE MARKET DEL PLAINTIFFS KORTIIM STOCKHOLDER INSPECTION HOLLANDIA SALES ROOF MODULES CONTRACTS ZIMBO DEP AGREEMENT INVESTMENT FINANCIAL STATEMENTS DEFENDANT NORTH MARKET STREET COMPETITION WAG NEEDS PLAINTIFFS FRANZ-JOSEF MANAGEMENT AGREEMENT HEALY DEP PX-23 JOINT VENTURE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE *'
t
. ,:
IN AND FOR NEW CASTLE COUNTY
FRANZ-JOSEF KORTUM and >
WEBASTO AG FAHRZEIJGTECHNIK, >>
Plaintiffs, ) C.A. No. 17237-NCC
>
v. 1>
WEBASTO SUNROOFS, INC., >>
Defendant. 1
PLAINTIFFS' OPENING POST-TRIAL BRIEF
Michael D. Goldman
James F. Burnett
Eileen M. Filliben
POTTER ANDERSON & CORROON LLP
Hercules Plaza, Sixth Floor
OF COUNSEL: 13 13 North Market Street
P.O. Box 951
James V. Parravani Wilmington, Delaware 19801
DORSEY & WHITNEY LLP
250 Park Avenue
New York, New York 10177
Attorneys for Plaintiffs Franz-Josef Kortiim
and Webasto AC; Fuhrzeugtechnik
Dated: September 10, 1999
TABLE OF AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .iv
NATURE AND STAGE OF PROCEEDINGS . . . . . . . . . .._..................._....... . . . . . . . . .
STATEMENT OF FACTS . . . . . . .._........................................I..........._...........
. . 2
SNIPPETS:
|
|
5
.
PLAINTIFFS PRETRIAL MEMORANDUM OF LAW
|
EXTRACTED KEY WORDS
MAGNA AGREEMENT WSI MANAGEMENT DEMAND KORTTIM DEL DELAWARE PLAINTIFFS INSPECTION COURT LAW STOCKHOLDER PARTIES RESPONSE PROPER PURPOSE COMPETITION PRETRIAL MEMORANDUM SHAREHOLDERS VARIANCE COMPETITOR CREDIT BUREAU MANAGEMENT SERVICES AMERICAN CEMENT CORN WEBASTO SUNROOFS NORTH AMERICA PARRAVANI DORSEY WHITNEY LLP |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
FRANZ-JOSEF KORTUM and >
WEBASTO AG FAHRZEUGTECHNIK, >
>
Plaintiffs, ) C.A. No. 17237-NCC
>
V. >
>
WEBASTO SUNROOFS, INC., >
Defendant. >
PLAINTIFFS' PRETRIAL MEMORANDUM OF LAW
POTTER ANDERSON & CORROON LLP
Michael D. Goldman
James F. Burnett
Eileen M. Filliben
Hercules Plaza, Sixth Floor
OF COUNSEL: 13 13 North Market Street
P.O. Box 951
Lawrence D. Pringle Wilmington, Delaware 1980 1
James V. Parravani
DORSEY & WHITNEY LLP
250 Park Avenue
New York, New York 10177
Attorneys for Plaintiffs Franz-Josef Kortiim
and Webasto AG Fahrzeugtechnik
Dated: August 3, 1999
TABLE OF
NATURE AND STAGE OF PROCEEDINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . 1
P RELIMINARY STATEMENT
SNIPPETS:
|
|
6
.
PRETRIAL BRIEF OF WEBASTO SUNROOFS
|
EXTRACTED KEY WORDS
WAG SHAREHOLDERS SHAREHOLDERS AGREEMENT INSPECTION COMPETITOR SUNROOFS PURPOSE DEL MANAGEMENT FINANCIAL STATEMENTS KORTTIM RLF KORTIIM UNITED STATES COURT VALUATION CORPORATE RECORDS BUSINESS PLANS STATED PURPOSE DEFENDANT COMPETITION STOCKHOLDER WEBASTO SUNROOFS WAG SUPPLIES AUDITED FINANCIAL STATEMENTS GENERAL MOTORS CONTRACTS EMPLOYEES NORTH AMERICA |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ,+j _
JL-. 7
IN AND FOR NEW CASTLE COUNTY (, .;'
_ !
FRANZ-JOSEF KORTUM and >
WEBASTO AG FAHRZEUGTECHNIK, )
>
Plaintiffs, >> Civil Action No. 17237
V. >
)
WEBASTO SUNROOFS INC., a Delaware )
corporation, >>
Defendant. 1
PRETRIAL BRIEF OF DEFENDANT WEBASTO SUNROOFS INC.
Samuel A. Nolen
Catherine G. Dear-love
Megan Semple Greenberg
Kelly A. Herring
Richards, Layton & Finger
One Rodney Square
P.O. Box 551
Wilmington, Delaware 19899
(302) 658-6541
Dated: August 3, 1999 Attorneys for Defendant
RLF 1-2039797-l
SNIPPETS:
|
|
7
.
ANSWER
|
EXTRACTED KEY WORDS
PARAGRAPH DEMAND WEBASTO COURT DEMAND LETTER INSPECTION BOOKS PURPOSE PLEADING THERETO REQUEST PROPER PURPOSE DEFENDANT PLAINTIFFS EXHIBIT ALLEGATIONS SUNROOFS COUNSEL KORTTIM LAW DELAWARE TELECOPY CORPORATION RESPECTFULLY REFERS ADMITS CORPORATION DENIES DENY FIRST SENTENCE COMPLAINT ANID SECOND SENTENCE EXHIBIT ITP |
IN THE COURT OF CHANCERY OF `THE STATE OF DEL,4WARE
IN AND FOR N:EW CASTLE COUNTY
FRANZ-JOSEF KORTUM and >
WEBASTO AG FAHRZEUGTECHNIK, >
>
Plaintiffs, >
j
V. Civil Action No. 17237-NCC
WEBASTO SUNROOFS INC.,
Defendant.
.NSWEIR
Webast,o Sunroofs Inc. (the "Corporation"), by its undersigned counsel, for its answer to
the complaint herein states on its own knowledge as to itself and on information and belief as to
all other matters as follows:
1. Paragraph 1 of the complaint is denied, except it is admitted that Franz-Josef
Korttim has ser,ved as a member of the board of directors of the Corporation since May 18, 1995.
2. Paragraph 2 of the complaint is denied, except it is admitted that plaintiff
AG Fahrzeugte:chnik ("Webasto AG") is the record holder of 100,000 shares of the issued and
outstanding common stock of the Corporation.
3. Paragraph 3 of the complaint is denied, except it is averred that to the extent
paragraph 3 of the c'omplaint sets forth conchtsions of law no responsive pleading thereto is,
required, and it is admitted that the Corporation is a Delaware corporation that was incorporated
on February 14,, 1974 with its principal place of business at 2700 Product Drive, Rochester Hills,
Michigan.
RLF l-2027292-2 -l-
SNIPPETS:
|
|
8
.
COMPLAINT UNDER 8 DEL.C. 220
|
EXTRACTED KEY WORDS
WEBASTO DEMAND BOOKS PURPOSE CONTRACTS INSPECTION COURT COSMA AMERICA PROPER PURPOSE PLANS MANAGEMENT TAX REQUEST KORTTIM DELAWARE HERETO EQUITY MANAGEMENT AGREEMENT OBLIGATIONS EMPLOYEES SALES UNDERLYING ASSETS MATERIALS CASH BUSINESS BENEFIT PLANS EXHIBIT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
FRANZ-JOSEF KORTUM and 1 : I..
WEBASTO AG FAHRZEUGTECHNIK, ) ^-.;:;:
1
Plaintiffs, > .-
>
V. ) CiviI Action No.: lla?37
:&CC I`-'
_.. --
\1
WEBASTO SUNROOFS INC., >>
Defendant. >
COMPLAINT UNDER 8 DEL.C. 8220
1. Plaintiff Franz-Josef Korttirn is and at all times pertinent hereto was a
member of the board of directors of defendant Webasto Sunroofs Inc. ("WSI").
2. Plaintiff Webasto AG Fahrzeugtechnik ("Webasto AG") is and at all times
pertinent hereto was the record holder of one hundred thousand (100,000) shares of the issued
and outstanding common stock of defendant WSI, which represents a fifty percent (50%) equity
interest in the corporation.
3. WSI, a Delaware corporation with its principal place of business at 2700
Product Drive, Rochester Hills, Michigan, is a joint venture established pursuant to a
Shareholders Agreement, dated as of May 1, 1984, between Cosma International of America,
Inc. ("Cosma America") (formerly Magna International of America, Inc.) and Webasto AG.
4. On May 3 1, 1999, Kortiim and Webasto AG delivered a written demand
(the "Demand") to WSI, made under oath in accordance with $220 of the Delaware General
Corporation Law, demanding the right to inspect and copy the following:
SNIPPETS:
|
|
|
| | | |
|
|
