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1
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LETTER OPINION
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EXTRACTED KEY WORDS
CALCOMP ESQUIRE CREDITORS COURT COMPLAINT RELIEF YORK ACTION VERIFIED COMPLAINT DEL THOMAS PRESTON ESQUIRE JON MOTION INJUNCTION ALLEGES ABRAMCZYK LEASE BREACH PARTIES MONEY LIQUIDATION JURISDICTION ALLEGATIONS FACTS SATISFY ASSETS ARGUES EQUITY DISSOLUTION |
C OURT O F C H A N C E R Y
OF THE
S TATE O F D E L A W A R E
STEPnEt. P. LAM8 May 12, 1999 COURT HOUSE
VICE-CHANCELLOR W I L M I N G T O N . DELAWARE
Thomas P. Preston, Esquire
Duane, Morris & Heckscher
1201 N. Market Street, #1500
P.O. Box 195
Wilmington, DE 19899
Jon E. Abramczyk, Esquire
Morris, Nichols, Arsht & Tunnel1
1201 Market Street
P.O. Box 1347
Wilmington, DE 19899-1347
Re: QRS lO-l&f2$#~. and QRS ll-S(TX), Inc. v.
CdComp #chnobrrv. Inc., CA. No. 17133
Gentlemen:
This matter is before me on a motion for expedited proceedings leading to a
preliminary injunction hearing. For the following reasons, the motion is denied.
Background
Plaintiffs, QRS lo-12 (TX), Inc. and QRS 11-5 (TX), Inc. ("Plaintiffs"), and
defendant, CalComp Technology, Inc. ("CalComp"), are parties to a lease agreement
relating to property in Austin, Texas. On or about March 3, 1999, Plaintiffs filed an
action for money damages in the United States District Court for the Southern District
of New York against CalComp, alleging various defaults under the lease resulting in
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2
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COMPLAINT
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EXTRACTED KEY WORDS
PLAINTIFFS LEASE BASIC RENT COURT ASSETS CREDITORS RELIEF PARAGRAPHS COLEMAN AFFIDAVIT FRAUDULENT BREACH DISTRICT VOLUNTARY LIQUIDATION DELAWARE EXHIBIT PAY PLAINTIFFS INJUNCTION PROPER ADEQUATE PURSUANT PAYMENT AMOUNT SALE CALCOMP SOLD ADEQUATE DISCLOSURE TRANSACTIONS REFERENCE JUDGEMENT RESPECTFULLY REQUEST |
*- r-"" c n " " " ;"'
;; iv;
i , ; ; \ `i / i I , -
IN THE COURT OF CHANCERY
OF THE STATE OF DELAWARE
QRS lo-12 (TX), INC. .
and `.
--
QRS 11-5 (TX), INC., 1,
Plaintiffs, . .
CIVIL ACTION NO. I:,,
;
CALCOMP TECHNOLOGY, INC. VERIFIED COMPLAINT SEEKING
Defendant. INJUNCTIVE AND OTHER
EQUITABLE RELIEF
Plaintiffs QRS lo-12 (TX), Inc. and QRS 11-5 (TX),
Inc., by and through their Verified Complaint seeking Injunctive
and other Equitable Relief against CalComp Technology, Inc.
("CalCompt') , allege as follows:
f THE PARTIES
1. Plaintiffs QRS lo-12 (TX), Inc. and QRS 11-5 (TX),
Inc. (hereinafter collectively "Plaintiffs") are corporations
organized and existing under the laws of the State of Texas, each
with a principal address of 50 Rockefeller Plaza, 2"d Floor, New
York, New York 10020.
2. Defendant CalComp is a corporation organized and
existing under the laws of the State of Delaware, with a
principal address of 2411 West La Palma Avenue, Anaheim,
California 92803. On or about July 23, 1996, CalComp merged with
Summagraphics Corporation and acquired all or certain of the
assets and liabilities of Summagraphics Corporation, including a
commercial lease by and between plaintiffs and Summagraphics.
The merged entity shall be referred to herein as "CalComp".
3. This Court has jurisdiction over this dispute
because Defendant CalComp is a Delaware corporation and because
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