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1
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LETTER OPINION
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EXTRACTED KEY WORDS
CONVERSION ESQUIRE STOCK CDS CERTIFICATE PLAINTIFFS BOUCHARD SUBMITTING ANDRE ESQUIRE GREGORY VARALLO AMRO FACTS LAW DELIVERY PRESCRIBE COMMON STOCK DESIGNATION COURT ARNRO MISAPPREHENSION OPINION MISTAKE REARGUMENT COMPLIANCE RIGHTS SUPPORT INFERENCE EVIDENCE |
C O U R T O F C H A N C E R Y
OF THE
S T A T E O F D E L A W A R E
J A C K I3 J A C O B S C OURT
VICE-Cl-ANCELLOR WILMINGTON, D
August 17, 1999
Andre G. Bouchard, Esquire
Bouchard Margules Friedlander
& MaloneyHuss
Suite 1102
222 Delaware Avenue
Wilmington, DE 1980 1
Gregory V. Varallo, Esquire
Richards, Layton & Finger
One Rodney Square
Wihmington, DE 19899
Re: AGR Halifax Fund, Ltd. V. Fiscina, et al.
Civil Action &I. 17226
Dear Counsei:
On August 3, 1999, this Court issued its Opinion, holding that (1) as
of June 14, 1999, the stockholders of CDS possessed the power to act by written
consent, and (2) on June 14, 1999, plaintiffs delivered valid written consents
representing a majority of the outstanding common stock of CDS, and removing
defendants Fiscina, Blumenthal and DeVita as directors of CDS, reducing the size
of the board, and electing Jeffrey (3. Smith and Matthew Lieberman as CDS's
Andre G. Bouchard, Esquire
Gregory V. Varallo, Esquire
August 17,1999
Page 21.
SNIPPETS:
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2
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RESPONSE TO MOTION FOR REARGUMENT
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EXTRACTED KEY WORDS
STOCK CERTIFICATE DEFENDANTS PLAINTIFFS COMMON STOCK COURT MOTION CDS HOLDER SUBMITTING WRITTEN CONSENTS DESIGNATION ORIGINAL DOCUMENTATION DIRECTORS DELIVERY PURPOSES PREFERRED SHARES FUND DEL VOTING RIGHTS REASON ACCORDING REARGUMENT STOCKHOLDER ACT DEFENDANTS ARGUE COURT MISAPPREHEND LAW THOMAS BADIAN |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, LTD., AG SUPER )
FUND INTERNATIONAL PARTNERS, L.P., )
AMRO INTERNATIONAL, S.A., GAM >
ARBITRAGE INVESTMENTS, INC., >
LEONARDO, L.P., RAMIUS FUND, LTD., )
and RAPHAEL, L.P., > Civil Action No. 17226
Plaintiffs, >>
V. >
>
PETER J. FISCINA, MYRON M. >
BLUMENTHAL, VINCENT DeVITA, JR. >
and CERTIFIED DIABETIC SERVICES, INC., )
a Delaware corporation, >
>
Defendants. >
RESPONSE TO MOTION FOR REARGUMENT
Plaintiffs hereby respond, pursuant to Court of Chancery Rule 59(f), to
defendants' motion for reargument (the "Motion").
1. The sole ultimate issue in this Section 225 proceeding is whether
the plaintiffs' written consents of June 14, 1999 had the effect of removing and electing
directors of Certified Diabetic Services, Inc. ("CDS" or the "Company ").
2. In its memorandum opinion of August 3, 1999, and implementing
order of August 4, 1999, this Court held that (i) as of June 14, 1999, the stockholders
of CDS possessed the power to act by written consent, and (ii) on June 14, 1999,
plaintiffs delivered valid written consents representing a majority of the outstanding
common stock of CDS which removed defendants Fiscina, Blumenthal and DeVita as
directors of CDS, reduced the size of the board, and elected Jeffrey C. Smith and
Matthew Lieberman as directors of CDS. AGR Halifax Fund, Inc. v. Fiscina, Del.
SNIPPETS:
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3
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OPINION (REVISED)
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EXTRACTED KEY WORDS
CERTIFICATES PETITIONERS CDS CONVERSION NOTICE WRITTEN CONSENT DIRECTORS STOCK ACT SHARES RESPONDENTS DESIGNATIONS SHAREHOLDER COMMON STOCK DELIVERY CHARTER AMENDMENT CONTEND COURT SUBMITTING RESOLUTION TRANSMIT AGENT PURPORTING LAWFUL CDS BOARD FISCINA HOLDERS THEREAFTER TRANSFER AGENT CARRIER POWER |
PC-
e921
-,
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, INC., AG SUPER )
FUND INTERNATIONAL PARTNERS, )
L.P., AMBRO INTERNATIONAL,, S.A., )
GAM ARBITRAGE INVESTMENTS, >
INC., LEONARDO, L,.P., RAMIUS FUND, )
LTD., and RAPHAEL., L.P., >>
Plaintiffs, >>
V. > Civil Action No. `17226' ;I
> ` -
,..- "
PETER J. FISCINA, MYRON M. > y- -i
BLUMENTHAL, VINCENT DeVITA, JR., ) e- --
and CERTIFIED DIABETIC SERVICES, ) * I3" .`r
INC ., a Delaware corporation, > i._ .*,
>
Dlefendants. >
OPINION
Date Submitted: July 26, 1999
Date Decided: August 3,1999
Date Revised: August 10: 1999'
Andre G. Bouchard and Joel Friedlander, Esquires, of BOUCHARD, MARGULES,
FRIEDLANDER &; MALONEYHUSS, Wilmington, Delaware; Attorneys for
Plaintiffs.
Gregory V. Varallo and Kelly A. Herring, Esquires, of RICHARDS, LAYTON (&
FINGER, Wilmington, Delaware; Attorneys for Defendants.
JACOBS, VICE ClHANCELLiOR
' Revised pages 14-2 1.
the shareholders' consent to the charter amendment. The difficulty is that no
SNIPPETS:
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4
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MOTION FOR REARGUMENT
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EXTRACTED KEY WORDS
CONVERSION CERTIFICATE AMRO ORIGINALS PLAINTIFFS DEFENDANTS BADIAN FACTS EVIDENCE DESIGNATIONS MOTION LAW REARGUMENT MISAPPREHENSION DELIVERY MISTAKE REASONS SHARES DEL SLIP CDS BADIAN AFF EFFECTIVENESS AGR HALIFAX FUND GRANT AGENT EXECUTEDNOTICE WRITTEN CONSENT PETITIONERS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, LTD., AG SUPER >
FUND INTERNATIONAL PARTNERS, >
L.P., AMRO INTERNATIONAL, S.A., >
GAM ARBITRAGE INVESTMENTS, >
INC., LEONARDO, L.P., RAMIUS FUND, >
LTD., and RAPHAEL, L.P., >
>
Plaintiffs, >
>
V. > C.A. No. 17226
>
PETER J. FISCINA, MYRON M. >
BLUMENTHAL, VINCENT DeVITA, JR. >
and CERTIFIED DIABETIC SERVICES, >
INC., a Delaware corporation, >>
Defendants. >
NOTICE OF MOTION
TO: Andre G. Bouchard, Esquire
Bouchard, Margules, Friedlander & MaloneyHuss
222 Delaware Avenue, Suite 1102
Wilmington, DE 1980 1
PLEASE TAKE NOTICE that the attached motion to reargument will be presented at the
earliest convenience of the Court and counsel.
Gregory V/V&lo
Kelly A. Herring
Richards, Layton & Finger, P.A.
One Rodney Square
P.O. Box 551
Wilmington, Delaware 19899
(302) 658-6541
Attorneys for Defendants
Dated: August 6, 1999
RLFl-2041379-1
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5
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ORDER
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EXTRACTED KEY WORDS
CDS PLAINTIFFS SUMMARY JUDGMENT COMPLAINT PURSUANT DEL COURT MOTION JEFFREY SMITH MATTHEW LIEBERMAN ENTRY PARTIES SUBMISSIONS OPINION GRANTING INCORPORATION DELAWARE VIOLATION VOID INITIO WRITTEN CONSENT DEFENDANTS PETER FISCINA MYRON VINCENT DEVITA MEMBERS VALIDLY ELECTED DIRECTORS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE '4k-.'
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, LTD., AG SUPER )
FUND INTERNATIONAL PARTNERS, L.P., )
AMRO INTERNATIONAL, S . A., GAM >
ARBITRAGE INVESTMENTS, INC., >
LEONARDO, L.P., RAMIUS FUND, LTD., )
and RAPHAEL, L.P., > Civil Action No. 17226
>
Plaintiffs, 1>
V . >
>
PETER J. FISCINA, MYRON M. >
BLUMENTHAL, VINCENT DeVITA, JR. >
and CERTIFIED DIABETIC SERVICES, INC., )
a Delaware corporation, )>
Defendants. >
ORDER
Plaintiffs having rnoved for summary judgment on Count I of the Verified
Complaint in this action pursuant to 8 Del. C. 0 225, the Court having considered the
parties' submissions and arguments concerning such motion, and the Court having
issued an Opinion on August 2, 1999 granting the motion for summary judgment;
IT IS HEREBY ORDERED this q.?r' day of August, 1999, that:
1. Plaintiffs' motion for summary judgment on Count I of the Verified
Complaint is granted.
2. The purported amendment to Article Twelfth of the Certificate of
Incorporation of Certified Diabetic, Services, Inc. ("CDS") filed with the Delaware
Secretary of State on May 24, 1999, was adopted in violation of 8 Del. C. $ 242 and is
void ab initio.
3. Pursuant to an action taken by plaintiffs by written consent on June 14,
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6
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OPINION
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EXTRACTED KEY WORDS
CDS PETITIONERS DIRECTORS RESPONDENTS FISCINA COMMON STOCK DEL LAWFUL COURT CHARTER AMENDMENT DEVITA SHARES DELAWARE HOLDERS SHAREHOLDER CONVERSION CERTIFICATE SUMMARY JUDGMENT PREFERRED SHARES RAMIUS FUND ORIGINAL CERTIFICATES SMITH BOARD CONVERSION NOTICES RESOLUTION CERTIFIED DIABETIC SERVICES STOCKHOLDERS RESOLUTION PROPOSING JOEL FRIEDLANDER WILMINGTON |
IN THE COURT OF CHANCERY OF THIE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY c'
/?/ p
AGR HALIFAX FUND, INC., AG SUPER ) 4+J' I',
SNIPPETS:
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7
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DEFENDANTS ANSWERING BRIEF IN OPPOSITION TO PLAINTIFFS MOTION FOR SUMMARY JUDGMENT
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EXTRACTED KEY WORDS
PLAINTIFFS CERTIFICATE AMENDMENT CONVERSION SUMMARY JUDGMENT WRITTEN CONSENT COURT MOTION STOCKHOLDERS FACTS PRESUMPTION DEL COMMON STOCK ROSEDALE DELAWARE DEFENDANTS DIRECTORS PRESUMPTIVELY VALID RECORD HOLDERS ROSEDALE AFF EXECUTED CONVERSION NOTICE EFFECTIVENESS OPPOSITION AUTHORITIES FIRST CONSENTS CONVERSION NOTICE CDS ELIMINATION MECHANICS APPLICABLE STANDARD |
ZN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALlFAX FUND, LTD., AG SUPER >
FUND INTERNATIONAL PARTNERS, >
L.P., AMRO INTERNATIONAL, S.A., >
GAM ARBITRAGE INVESTMENTS, >
INC., LEONARDO, L.P., RAMIUS FUND, >
LTD., and RAPHAEL, L.P., >
>
Plaintiffs, >
>
V -
> C.A. No. 17226 ; ,,
> -- .,
PETER J. FISCLNA, MYRON M. >
BLUMENTHAL, VINCENT DeVITA, JR. >
and CERTIFIED DIABETIC SERVICES, >
INC., a Delaware corporation, >
>
Defendants. >
DEFENDANTS' ANSWERING BRIEF IN OPPOSITION
TO PLAINTIFFS' MOTION FOR SUMMARY JUDGMENT
Gregory V. Varallo
Kelly A. Herring
Richards, Layton & Finger, P.A.
One Rodney Square
P.O. Box 551
Wilmington, DE 19899
Attorneys for Defendants
Dated: July 14, 1999
RLFl-2032183-l
SNIPPETS:
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8
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ANSWER
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EXTRACTED KEY WORDS
COMPLAINT PARAGRAPH DEFENDANTS INFORMATION SUFFICIENT PLAINTIFFS TRUTH FALSITY FISCINA COURT ALLEGATIONS RELATING INCORPORATION RESPONSIVE PLEADING ANSWERING DEFENDANTS DEVITA ATTORNEYS SUMMARY STATUTORY SUMMARY STATUTORY PROCEEDING FISCINA DENIES AGR HALIFAX FUND COMMON STOCK CERTIFICATE WRITTEN CONSENTS CDS COMMON STOCK DESIGNATIONS DEFENDANTS LACK KNOWLEDGE PLAINTIFF AGR HALIFAX CONVERSION WAIVER NOTICES FIRST SENTENCE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, LTD., AG SUPER >
FUND 1NTERNATIONAL PARTNERS, >
L.P., AMRO INTERNATIONAL, S.A., GAivI >
A R B I T R A G E lNVESTMENTS, I N C . , >
LEONARDO, L.P., RAMIUS FUND, LTD., >
and RAJ'HAEL, L.P., >
>
Plaintiffs, >>
V . > C.A. No. 17226
>
P E T E R J . F I S C I N A , M Y R O N M . >
BLUMENTHAL, VINCENT DeVITA, JR. >
and CERTIFlED DIABETIC SERVICES, >
INC., a Delaware corporation, >>
Defendants. >
ANSWER
Defendants Peter J. Fiscina, Myron M. Blumenthal, Vincent DeVita, Jr. and
Diabetic Services, Inc. (hereafter "the Defendants"), by and through their attorneys, Richards,
Layton & Finger, P.A. as and for their Answer to Plaintiffs' Verified Complaint respond as follows:
I. The allegations of paragraph 1 of the Complaint are denied except that
Defendants are without information sufficient to form a belief as to the truth or falsity of the
allegations relating to the place of incorporation of Plaintiff AGR Halifax Fund, Ltd.
2. The allegations of paragraph 2 of the Complaint are denied except that
Defendants are without knowledge or information sufficient to form a belief as to the truth or
of the allegations relating to the place of formation of Plaintiff AG Super Fund International
Partners, L.P.
RLF-2032491-1
SNIPPETS:
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9
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ORDER
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EXTRACTED KEY WORDS
DEFENDANTS PLAINTIFFS COURT LEGAL PROCEEDINGS BOOKS POSSESSION FUND PETER FISCINA MYRON CERTIFIED DIABETIC SERVICES PARTIES REPRESENTATIVES BUSINESS EXCEEDS VINCENT DEVITA DIRECTORS CDS HEREBY COUNSEL ENTERING SELLING PURCHASING STOCK ASSETS PREMISES CONSULTING PAYMENT INSTITUTING |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, LTD., AG SUPER
FUND INTERNATIONAL PARTNERS, L.P.,
AMRO INTERNATIONAL, S.A., GAM
ARBITRAGE INVESTMENTS, INC., ;
LEONARDO, L.P., RAMIUS FUND, LTD.,
and RAPHAEL, L.P., i Civil Action No. 17226
Plaintiffs. i>
V.
PETER. J. FISCINA, MYRON M.
BLUMYENTHAL, VINCENT DeVITA, JR.
and CERTIFIED DIABETIC SERVICES, INC.,
a Delaware corporation,
Defendants.
ORDER
WHEREAS, a dispute has arisen as to who are the properly elected directors of
Certified Diabetic Services, Inc. ("CDS" or the "Company"); and
WHEREAS, the parties agree that it is in the best interest of the Company that
this Order be entered:
IT IS HEREBY ORDERED, this fl%ay of ,~IJ
1tvc
9 9 9 , t h a t :
1. Until further Order of this Court, Peter J. Fiscina, Myron M.
Blumenthal and Vincent DeVita, Jr. shall comprise the board of directors of CDS
("Board") and Peter J. Fiscina and Myron M. Blumenthal shall continue to serve as
officers of Company and operate the day-to-day affairs of the Company subject to
oversight by the Board.
2. Defendants, and their agents and representatives, and those acting in
SNIPPETS:
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10
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LTD. V. FISCINA PLAINTIFFS OPENING BRIEF
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EXTRACTED KEY WORDS
COURT SMITH CONSENTS CDS DEL JEFFREY FISCINA BOARD SUMMARY JUDGMENT TEMPORARY RESTRAINING ORDER MOTION DIRECTORS CHARTER AMENDMENT STOCKHOLDER PRELIMINARYSTATEMENT WRITTEN CONSENT APPLICABLE LEGAL STANDARDS COMMON STOCK IMMEDIATE RELIEF AUTHORITIES DULY ELECTED DIRECTORS PURPORTED CHARTER AMENDMENT LEXIS DEFENDANTS PETER OUTSTANDING SHARES REGISTERED AGENT CERTIFICATE INCORPORATION MATERIAL FACT RESOLUTION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, LTD., AG SUPER )
FUND INTERNATIONAL PARTNERS, L.P., )
AMRO INTERNATIONAL, S.A., GAM )
ARBITRAGE INVESTMENTS, INC., )
LEONARDO, L.P., RAMIUS FUND, LTD., )
and RAPHAEL, L.P., ) Civil Action No. \q
)
Plaintiffs, 1)
v. )
I ' 2
r-`. *
PETER J. FISCINA, MYRON M. __:
- . /:
:i. Y: :, _
BLUMENTHAL, VINCENT DeVITA, JR., )
;"
and CERTIFIED DIABETIC SERVICES, INC., ) ; I --.--
a Delaware corporation, ) : _*-
,, -."I
) :J!;, --_.. I
Defendants. .
1 :fi: . _.."1
:I? c
,;v1 r_i
_ _-. 1
,~_. UL
PLAINTIFFS' OPENING BRIEF IN SUPPORT OF THEIR
MOTION FOR SUMMARY JUDGMENT AND
MOTION FOR TEMPORARY RESTRAINING ORDER
BOUCHARD MARGULES FRIEDLANDER
& MALONEYHUSS
222 Delaware Avenue, Suite 1102
Wilmington, DE 19801
(302) 573-3500
Attorneys for Plaintiffs
DATED: June 14, 1999
SNIPPETS:
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11
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LTD. V. FISCINA VERIFIED COMPLAINT
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EXTRACTED KEY WORDS
SHARES COMMON STOCK HOLDERS PLAINTIFFS WRITTEN CONSENT FISCINA STOCKHOLDERS CHARTER AMENDMENT DELAWARE AGR HALIFAX FUND DIRECTORS CONVERSION DEFENDANTS WAIVER NOTICE GAM ARBITRAGE INVESTMENTS PLAINTIFFS AGR HALIFAX PLAINTIFF AMRO CERTIFICATE COMMITTEE ISLANDS LIMITED PARTNERSHIP DESIGNATIONS SECURITIES PURCHASE AGREEMENT PROPOSED CHARTER AMENDMENT PURPORTED CHARTER AMENDMENT GENERAL CORPORATION LAW CASTLE COUNTY FUND INTERNATIONAL PARTNERS ATTORNEYS DIABETIC SERVICES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
AGR HALIFAX FUND, LTD., AG SUPER )
FUND INTERNATIONAL PARTNERS, L.P., )
AMRO INTERNATIONAL, S.A., GAM )
ARBITRAGE INVESTMENTS, INC., 1
LEONARDO, L.P., RAMIUS FUND, LTD., )
and RAPHAEL, L.P., 1 Civil Action No.
)
Plaintiffs, )> :.
V. 1 r - i
_..
`.,
+ " <'
)
PETER J. FISCINA, MYRON M. ) L
BLUMENTHAL, VINCENT DeVITA, JR., )
and CERTIFIED DIABETIC SERVICES, INC., ) L ,...
L.j. . ..A
a Delaware corporation, ) . .'
^, I
.I ,,j
<,,>; .a
) ;:: i- j
Defendants. 1 -2
4 Gd
VERIFIED COMPLAINT
Plaintiffs AGR Halifax Fund Ltd., AG Super Fund International Partners, L.P.,
Amro International, S.A., GAM Arbitrage Investments, Inc., Leonardo, L.P., Ramius
Fund, Ltd. and Raphael, L.P. (hereafter the "Plaintiffs"), by and through their
attorneys, as and for their complaint against the defendants, allege as follows:
The Parties
1. Plaintiff AGR Halifax Fund Ltd. ("AGR") is a Cayman Islands
corporation and the holder of record of 5,062,155 shares of common stock of Certified
Diabetic Services, Inc. ("CDS" or the "Company").
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