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1
.
PLAINTIFFS OPPOSITION TO DEFENDANTS OPENING BRIEF IN SUPPORT OF THEIR MOTION TO DISMISS COUNTS X THROUGH XII OF PLAINTIFFS 2ND AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
DEFENDANTS COURT SECOND AMENDED COMPLAINT MOTION MICROCELL SHAREHOLDERS DISMISS AGREEMENT LCC DELAWARE RESCISSION DEL BREACH CUSTODIAN FUNDING APPOINTMENT IMPLIED COVENANT PETER DELISO CORPORATE OPPORTUNITIES FAIR DEALING XIII CHASE MANHATTAN BANK CREDIT FACILITY DIRECTORS SAC STUART LAWSON CAPITAL CONTRIBUTIONS DISCOVERY MICROCELL MANAGEMENT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, DONALD G. MCCLURE, JR., 1
R. MICHAEL GILL, ROY R. MARKERT, II, >
JOSEPH D. CROFT, III, PAMELA H. O'NEILL, and )
GARY L. GRIMES, >1 C.A. No. 16957 NC
Plaintiffs, 11
v. >>
LCC INTERNATIONAL, INC., RICHARD HOZIK, b
DONALD ROSE, PETER DELISO, STUART LAWSON, )
and MICROCELL MANAGEMENT, INC., >>
D&IldaIltS* 1
PLAINTIFFS' OPPOSITION TO DEFENDANTS' OPENING BRIEF
IN SUPPORT OF THEIR MOTION TO DISMISS COUNTS X THROUGH XIII
OF PLAINTIFFS9 SECOND AMENDED COMPLAINT
Of Counsel:
Howard H. Stahl Hem-y E. Gallagher, Jr.
Steven K. Davidson Arthur G.. Connolly, III
John F. O'Connor Connolly Bove Lodge & Hutz LLP
Amy Howe 1220 Market Building
Steptoe & Johnson, L.L.P, Wilmington, DE 19899
1330 Cormecticut Ave., N.W*
Washington, DC 20036
(202) 429-3000
Attorneysjbr Plainti@
Dated: August 30, 1999
TABLE OF CONTENTS;
INTRODUCTION . . . . . . . . . . . . . . ..f...~.~ ..e . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
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2
.
LETTER OPINION
|
EXTRACTED KEY WORDS
MOTION FAIR MARKET SHAREHOLDERS AGREEMENT ESQUIRE DETERMINATION INJUNCTION REARGUMENT SUPPORT INDIVIDUAL PARTY APPRAISER HENRY GALLAGHER WILMINGTON PETER LADIG SUPPLEMENT COMPLAINT ALONE COURT MISAPPREHENDELD REDEMPTION REDEEM CHAIRMAN SHARES CONTRACT APPOINT INDEPENDENT APPRAISER BOARD-DETERMINED FAIR MARKET RECOURSE |
COUFZT 01= C H A N C E R Y
DF TCIE
STNE O F D E L A W A R E
J A C K B . J A C O B S C OURT
\,ICE-CHANCELLOR W ILMINGTON . D
August 11) 1999
Henry E. Gallagher, Jr., Esquire
Connolly, Bove, Lodge & Hutz
1220 Market Street
P.O. Box 2207
Wilmington, DE 19899
Peter B. Ladig, Esquire
Richards, Layton & Finger
One Rodney Square
P.O. Box 551
Wilmington, DE 19899
RE: Grimes, et al. V. LLC International, Inc., et al.
Civil Action No. 16957
Gentlemen:
The Plaintiffs have moved for reargument of this Court's July 27,
ruling, denying the plaintiffs' motions for a preliminary injunction and for leave to
supplement their complaint. The motion for reargument will be denied, because the
plaintiffs have not even articulatled, let alone attempted to satisfy, the applicable
standard. A movant for reargument must show that the Court has misapprehendeld
the law or the facts so that the outcome of the decision would be affected. Where
the motion is essentially a rehash of arguments already made, it will be denied.
Miles v. Cookson A.m., Inc., Dell. Ch., 677 A.2d 505, 506 (1.995).
In their motion the plaintiffs do not identify any fact or legal
that the Court overlooked or misapprehended. Rather, their motion is a replay of
arguments previously made and rejected. The essenti.al premise of the plaintiffs'
position is that the shareholders agreement guarantees them the "right to receive...
Henry E. Gallagher, Jr., Esquire
Peter B. Ladig, Esquire
August 11,1999
Page 2
a fairly determined redemption proposal," i.e., one determined in good faith by a
SNIPPETS:
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3
.
DEFENDANTS ANSWER TO PLAINTIFFS MOTION FOR REARGUMENT OR RECONSIDERATION OF COURTS RULING ON MOTIONS FOR PRELIMINARY INJUNCTION AND FOR LEAVE TO SUPPLEMENT THEIR COMPLAINT
|
EXTRACTED KEY WORDS
COURT DIRECTORS TOWER MOTION REDEMPTION PRICE FAIR MARKET VALUATION MICROCELL REARGUMENT LLOYD DISCOUNT DEP MEETING DELISO DEFENDANTS SLIP DEF CONTRACT APPRAISER GRIMES RULING CHASE SECURITIES REASONS LAW DEL MINORITY FACTS METHODOLOGY MEM |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, DONALD G.
MCCLURE, JR., R. MICHAEL GILL,
ROY R. MARKERT, III, JOSEPH D.
CROFT, III, PAMELA H. O'NEILL,
and GARY L. GRIMES,
Plaintiffs,
V . Civil No. 16957 NC- :
.
LCC INTERNATIONAL, INC.,
RICHARD HOZIK, DONALD ROSE, i ,i
PETER DELISO, STUART LAWSON,
and MICROCELL MANAGEMENT, INC.,
Defendants.
DEFENDANTS' ANSWER TO PLAINTIFFS' MOTION FOR
REARGUMENT OR RECONSIDERATION OF THE COURT'S RULING
ON PLAINTIFFS' MOTIONS FOR A PRELIMINARY INJUNCTION
&ND FOR LEAVE TO SUPPLEMENT THEIR COMPLAINT
Plaintiffs continue their campaign of filing motion after
motion to browbeat Microcell Management, Inc. ("Microcell") into
paying plaintiffs more than fair market value for their minority
interest in the company. Their latest salvo is a frivolous motion
for reargument or reconsideration of the Court's rulings on July
27, 1999. Plaintiffs fail to articulate -- much less satisfy --
the applicable legal standard for reargument under Chancery Court
Rule 59(f). And, as in motions past, plaintiffs are less than
complete and accurate in their statement of facts. For instance,
while prominently featuring purported "written valuations" by Chase
Securities, plaintiffs neglect to mention that a Chase Securities'
deponent testified that Microcell's value in late Fall 1998 was
SNIPPETS:
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4
.
REPLY BRIEF IN SUPPORT OF PLAINTIFFS MOTION FOR A PRELIMINARY INJUNCTION & MOTION TO FILE A SUPPL. COMPLAINT
|
EXTRACTED KEY WORDS
DEFENDANTS MICROCELL BOARD REDEMPTION PRICE SHAREHOLDERS COURT MOTION REDEMPTION NOTICE STOCK OBLIGATION PRELIMINARY INJUNCTION PROPOSED REDEMPTION FAIR MARKET DELAWARE PETER DELISO AGREEMENT SUPPLEMENT FIDUCIARY DUTY MINORITY SHAREHOLDERS BUSINESS JUDGMENT LCC DIRECTORS VALUATION REDEMPTION PROCESS DIRECTORS OWE BOARD MEMBER FIDUCIARY DUTIES ALBERT GRIMES STOCKHOLDERS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
>
ALBERT GRIMES, DONALD G. l'vICCLI.JRE, JR., >
R. MICHAEL GILL, ROY R. MARKERT, III, >
JOSEPH D. CROFT, III, PAMELA II. O'NEILL, and )
GARY L. GRIMES, >> CA. No. 16957 NC
Plaintiffs, >1
v. >>
LCC INTERNATIONAL, INC., RICHARD HOZIK, )
DONALD ROSE, PETER DELISO, STUART LAWSON, )
and MICROCELL MANAGEMENT, INC. >>>
Defendants. >
REPLY BRIEF IN SUPPORT OF PLAINTIFFS' MOTION FOR A PIRIZLPMINARY
INJUNCTION AND MOTION TO FILE A SUPPLEMENTAL CQMPLAINT"
This Court already has interpreted Section 8.6 of the Microcell Shareholders'
Agreement as requiring Microcell to include in any redemption notice a proposed redemption
price that represents the Company's best business judgment on the fair market value of plaintiffs'
stock. On June 1, 1999, the Microcell board summarily adopted the $196 per lshare redemption
price proposed by defendant Peter Deliso, a person already identified by this Court as having a
clear conflict of interest by virtue of his fiduciary obligations to both LCC an.d Microcell.
1 PIaintiffs filed their brief supporting issuance of a preliminary injunction on June 10,
1999, On June 14, 1999, defendants filed with the Court a lengthy letter from Peter H. Ladig,
with exhibits, that stated defendants' opposition to plaintiffs' motion for a preliminary
injunction. In response to Mr. Ladig's letter, plaintiffs filed a reply brief on June 18, 1999.
Subsequent to the filing of that brief, defendants indicated a desire to file an opposition other
than Mr. Ladig's letter, and the parties agreed on a briefing schedule that permitted defendants to
file an opposition, with plaintiffs filing a reply brief thereafter. Thus, plaintiffs already have
a brief replying to many of defendants' arguments. For the convenience of the Court, plaintiffs
have incorporated much of the argument from their June 18 "reply" brief into this brief.
Indeed, every Microcell board member that approved Mr. Deliso's proposed redemption price is
affiliated with LCC, the company that is the primary beneficiary of any unfair redemption of
plaintiffs' shares. Because defendants violated their fiduciary duties to plaintiffs in the manner
SNIPPETS:
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5
.
LETTER TO VICE CHANCELLOR JACOBS
|
EXTRACTED KEY WORDS
REDEMPTION COURT REDEMPTION PRICE SHAREHOLDERS DEFENDANTS AGREEMENT INJUNCTION COUNSEL MICROCELL JACOBS DIRECTORS HONORABLE JACK MOTION PARTIES GRIMES CHANCELLOR APPRAISER LITIGATION REPRESENTATIONS FIDUCIARIES MEMBERS DUTIES VALUATION FAIR MARKET ISSUANCE SUPPLEMENT DAVIDSON INVALID REISSUE |
R I C H A R D S , L A Y T O N & F I N G E R
A P R O F E S S I O N A L A S S O C I A T I O N
ONE RODNEV S~UAF?E
P.O. Box 551
W ILMINGTON , D ELAWARE 19899
T ELEPHONE : (302) 65-541
T E L E C O P I E R : (302) 656-6546
WEBSITE: WWW. RLF.COM
WRITER's DIRECT DIAL NUMBER
(302) 651-7594
June 14, 1999
BY HAND
The Honorable Jack B. Jacobs
Vice Chancellor
Court of Chancery
1020 North King Street
Wilmington, DE 19801
Re: Grimes v. LCC International, Inc., C.A. No. 16957
Dear Vice Chancellor Jacobs:
I write with respect to Mr. Gallagher's letter of last
Friday, June 11, 1999, referencing plaintiffs' latest "Motion for
Preliminary Injunction" and "Motion for Leave to File Amended
Complaint" and requesting a hearing before the Court.
Plaintiffs' new claim is that defendants acted improperly in
tendering a stock redemption notice dated June 3, 1999.
of this notice is attached hereto as Exhibit A. The
improprieties are the inclusion of a specific redemption price
(rather than "fair market value," as determined by an appraiser
under the terms of the shareholders agreement), and a specific
date of redemption as required by the Shareholders' Agreement.
Because the Court expressly directed defendants, at the hearing
on May 6, 1999, to provide a stated dollar price in the
redemption notice, and because counsel for plaintiffs expressly
assured both the Court and counsel for defendants that plaintiffs
would not seek to litigate the issuance of such notice,
defendants respectfully request that the Court summarily deny
SNIPPETS:
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6
.
INC. PLANTIFFS MOTION FOR A PRELIMINARY INJUNCTION
|
EXTRACTED KEY WORDS
REDEMPTION MICROCELL COURT MOTION ALBERT GRIMES REDEMPTION NOTICES PRELIMINARY INJUNCTION DONALD ROSE PETER COUNSEL CROFT SHARES PROPOSED REDEMPTION CHANCERY DELAWARE PETER DELISO STUART LAWSON MICROCELL MANAGEMENT MARKER-T SUPPORT VIOLATION FIDUCIARY DUTIES MINORITY SHAREHOLDERS VALID REDEMPTION NOTICE VALUATION DATA SEPARATE OCCASIONS CONNECTION MEMORANDUM HEREBY |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, et al.,
Plaintiffs,
V. > C.A. No. 16957 NC
LCC INTERNATIONAL, INC., RICHARD
HOZIK, DONALD ROSE, PETER
DELISO, STUART LAWSON,
MICROCELL MANAGEMENT, INC., C.
THOMAS FAULDERS, III, and CHRIS
DAVIS,
Defendants.
NOTICE OF MOTION
To: The Above-Named Defendants
PLEASE TAKE NOTICE that plaintiffs will present the attached Motion for a
Preliminary Injunction to the Court at the earliest convenience of the Court.
Respectfully submitted,
Of Counsel:
G&L (3. co-&p
Howard H. Stahl Henry E. Gallagher, Jr.
Steven K. Davidson Arthur G. Connolly, III
Steptoe & Johnson, LLP Connolly, Bove, Lodge & Hutz
1330 Connecticut Ave., N.W. 1220 Market Building
Washington, DC 20036 Wilmington, DE 19899
(202) 429-3000 (302) 658-9141
Attorneys for Plaintiff
DATED: June 9
-, 1999
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
SNIPPETS:
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7
.
INC. MOTION FOR LEAVE TO FILE A SUPPLEMENTAL COMPLAINT
|
EXTRACTED KEY WORDS
PLAINTIFFS ALBERT GRIMES PETER DELISO LCC MEMBERS SUPPLEMENTAL COMPLAINT JOSEPH CROFT DIRECTORS REDEMPTION PRICE ROY MARKER-T COURT DEFENDANT PETER DELISO DONALD ROSE MOTION FIDUCIARY DUTY COMMON STOCK STUART LAWSON CHANCERY COURT RULE LCC-APPOINTED MEMBERS FAIR MARKET SHAREHOLDERS PLAINTIFFS HEREBY CHRIS DAVIS THOMAS FAULDERS MICROCELL BOARD MEETING CASTLE COUNTY MICROCELL MANAGEMENT SUBSEQUENT INFORMED DECISION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, et al., 1
Plaintiffs, !)
V. ) C.A. No. 16957 NC
1 .
LCC INTERNATIONAL, INC., RICHARD )
HOZIK, DONALD ROSE, PETER
DELISO, STUART LAWSON, 1
MICROCELL MANAGEMENT, INC., C. ) i
_.
THOMAS FAULDERS, III, and CHRIS )
DAVIS, >
: /
Defendants.
i-,-,, C.bl
__:,, -.-
-SC
NOTICE OF MOTION
To: The Above-Named Defendants
PLEASE TAKE NOTICE that plaintiffs will present the attached Motion for
Leave to File a Supplemental Complaint to the Court at the earliest convenience of the
court.
Respectfully submitted,
Of Counsel:
cL=-o.~&
Howard H. Stahl Henry E. Gallagher, Jr.
Steven K. Davidson Arthur G. Connolly, III
Steptoe & Johnson, LLP Connolly, Bove, Lodge & Hutz
1330 Connecticut Ave., N.W. 1220 Market Building
Washington, DC 20036 Wilmington, DE 19899
(202) 429-3000 (302) 658-9141
Attorneys for Plaintiff
Dot. #787292 v.01 06/08/99 6:Ol PM
SNIPPETS:
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8
.
INC. SECOND AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
LCC SHAREHOLDERS PLAINTIFFS DEFENDANT ALBERT GRIMES AMENDED CHASE FACILITY MICROCELL MANAGEMENT CROFT DELISO CREDIT FACILITY DIRECTORS JOSEPH FIDUCIARY DUTY DONALD BUSINESS FUND MICROCELL CAPITAL CONTRIBUTIONS RICHARD HOZIK AMENDED COMPLAINT PETER DELISO REPRESENTATIVES GENERAL COUNSEL MICHAEL GILL REGISTERED OFFICE SUBSTITUTION MAJORITY SHAREHOLDER BUSINESS RELATIONSHIP UNDERSTANDING REFERENCE PARAGRAPHS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, DONALD G.
MCCLURE, JR., R. MICHAEL GILL,
ROY R. MARKERT, III, JOSEPH D. !
CROFT, III, PAMELA H. O'NEILL, and ) !I,
c-1 <&
GARY L. GRIMES, .._
> ., .~
_"
- "I.
Plaintiffs, i ;
-.
>
v. > -. I- 1'
> I
__
LCC INTERNATIONAL, INC., RICHARD ) _..
f-I> .: `/
HOZIK, DONALD ROSE, PETER ) C. A. No. 16957 NC ; ;; ~~~2
DELISO, STUART LAWSON, and 1 , Y-
-.
MICROCELL MANAGEMENT, INC., 1
Defendants, i
!
SECOND AMENDED COMPLAINT
PARTIES
1. Plaintiffs are Albert Grimes, Donald G. McClure, Jr., R. Michael Gill, Roy R.
Markert, III, Joseph D. Croft, III, Pamela H. O'Neill, and Gary L. Grimes (also "the Class B
Shareholders").
2. Defendant LCC International, Inc. ("LCC") is a publicly traded corporation
organized under the laws of the State of Delaware. LCC's registered office in the State of
SNIPPETS:
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9
.
DEFENDANTS OPPOSITION TO MOTION FOR PRELIM. INJUNCTION
|
EXTRACTED KEY WORDS
MICROCELL INJUNCTION AGREEMENT COURT LCC SHAREHOLDERS ALBERT GRIMES MOTION INJUNCTIVE RELIEF STOCK PRELIMINARY INJUNCTION SHARES DEFENDANTS DELAWARE REDEEM CONTRACT MARKERT PREVAIL IMPLIED COVENANT RESCISSION MANAGEMENT FAIR MARKET CONCEDE REDEMPTION IRREPARABLE INJURY DAMAGES CHANCERY DONALD ROSE INDEPENDENT APPRAISER |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR MEW CASTLE COUNTY
ALBeRT GRIMES, DONALD G.
MCCLURE, JR., R;' MICHAEL GILL,
ROY R. MARKERT, III, JOSEPH D.
CROFT, III, PAMELA H. O'NEILL,
and GARY L. GRIMES,
Plaintiffs,
V . Civil No. 16957 NC
LCC INTERNATIONAL, INC.,
RICHARD HOZIK, DONALD ROSE,
PETER DELISO, STUART LAWSON,
and MICROCELL MANAGEMENT, INC.
Defendants.
DEFENDANTS' OPPOSITION TO
MOTION FOR PRELIMINARY INJUNCTION
In their motion for injunctive relief, plaintiffs do not
challenge Microcell's express right under the terms of the
Shareholders' Agreement to redeem the stock of Albert Grimes,
Joseph Croft, and Roy Markert. Nor do they claim that those
individuals will be paid anything less than the fair market value
of their shares as determined by an independent appraiser. Rather,
plaintiffs contend that they are entitled to an injunction because,
if they prevail at trial, the Agreement would be rescinded and
control of the company would be returned to plaintiffs. Plaintiffs
concede, however, that an injunction is not necessary to preserve
this Court's power to grant such a remedy. Memorandum in Support
of Plaintiffs' Motion for a Preliminary Injunction ("Pl. Mem.") at
8. An injunction is needed, the argument goes, to protect
RLFl-2005405-1
SNIPPETS:
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10
.
REPLY BRIEF IN SUPPORT OF MOTION TO DISMISS
|
EXTRACTED KEY WORDS
PLAINTIFFS CREDIT FACILITY SHAREHOLDERS DEMAND COURT RECEIVER DIRECTORS LCC CAPITAL CONTRIBUTIONS APPOINTMENT DEFENDANTS TOWER ALBERT GRIMES CUSTODIAN MANAGEMENT REVOLVING CREDIT FACILITY COMPLAINT CHASE FACILITY ALLEGATIONS MICROCELL PURSUANT DELAWARE LAW AGREEMENT RICHARD HOZIK DEMAND REQUIREMENT OBLIGATIONS HOZIK AFF AMENDED CHASE FACILITY MISMANAGEMENT LEGAL ACTION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, DONALD G.
MCCLURE, JR., R. MICHAEL GILL, i
ROY R. MARKERT, III, JOSEPH D.
CROFT, III, PAMELA H. O'NEILL, i
and GARY L. GRIMES,
;
Plaintiffs, )
V . 1 C.A. No. 16957
LCC INTERNATIONAL, INC., ,'
RICHARD HOZIK, DONALD ROSE,
PETER DELISO, STUART LAWSON, i
and MICROCELL MANAGEMENT, INC.
i
Defendants. 1
REPLY BRIEF IN SUPPORT OF DEFENDANTS' MOTION
TO DISMISS AND BRIEF IN OPPOSITION TO PLAINTIFFS'
MOTION FOR THE APPOINTMENT OF A CUSTODIAN OR RECEIVER
OF COUNSEL: R. Franklin Balotti
Peter B. Ladig
Mark C. Hansen Richards, Layton & Finger
Reid Figel One Rodney Square
Sarah 0. Jorgensen P.O. Box 551
Kellog, Huber, Hansen, Todd & Wilmington, DE 19899
Evans, P.L.L.C. (302) 658-6541
1301 K St., N.W. Attorneys for LCC
Suite 1000 West International, Inc.,
Washington, D.C. 20005 Microcell Management, Inc.,
(202) 326-7900 Richard Hozik, Donald Rose,
Peter Deliso, and Stuart
DATED: April 28, 1999 Lawson
RLFI-215709-1
SNIPPETS:
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11
.
PLAINTIFFS OPENING BRIEF
|
EXTRACTED KEY WORDS
DEFENDANTS MICROCELL LCC CUSTODIAN SHAREHOLDERS COURT APPOINTMENT AMENDED CHASE FACILITY RECEIVER DIRECTORS HERETO EXHIBIT MOTION CREDIT FACILITY TOWER ALBERT GRIMES MICROCELL MANAGEMENT RICHARD HOZIK SECOND AMENDED CHASE PETER DELISO MAJORITY SHAREHOLDER CORPORATE OPPORTUNITIES GROSS MISMANAGEMENT CAPITAL CONTRIBUTION TRANSACTION CHASE MANHATTAN BANK THIRD AMENDED CHASE ARIA DEPOSITION REVOLVING CREDIT FACILITY |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, et al., >>
Plaintiffs, >> 7`
V. > C.A. No. 16957 NC
)
LCC INTERNATIONAL, INC., et al., )
> -
Defendants. >>
> I. -
- .
PLAINTIFFS' OPENING BRIEF IN SUPPORT OF THEIR MOTION FOR THE
APPOINTMENT OF A CUSTODIAN OR RECEIVER AND IN OPPOSITION TO
DEFENDANTS' MOTION TO DISMISS
Howard H. Stahl Henry E. Gallagher, Jr.
Steven K. Davidson Arthur G. Connolly, III
Steptoe & Johnson, LLP Connolly, Bove, Lodge & Hutz
1330 Connecticut Ave., N.W. 1220 Market Building
Washington, DC 20036 Wilmington, DE 19899
(202)429-3000 (302)658-8141
Attorneys for Plaintiffs
Dated: April 19, 1999
TABLE OF CONTENTS
I. I N T R O D U C T I O N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
II. FACTUAL BACKGROUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Formation of Microcell Management, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . .
FundingofMicrocell.....................................................7
SNIPPETS:
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12
.
VERIFIED AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
LCC DIRECTORS PLAINTIFFS DELISO ALBERT GRIMES SHAREHOLDERS HOZIK PETER DELISO MICROCELL MANAGEMENT CREDIT FACILITY CROFT AMENDED CHASE JOSEPH MEMBERS BUSINESS DEFENDANT AGREEMENT FIDUCIARY DUTY STUART LAWSON CAPITAL CONTRIBUTIONS REPRESENTATIVES GUARANTEE ROY MARKERT BUSINESS RELATIONSHIP MICRACELL SOUTH AFRICA SUBSTITUTION REGISTERED AGENT TRUST COMPANY |
A P R - I t-99 l6:22 F r o m : T - 4 1 4
ORIGINAL
IN TRE COURT OF CEANCERY OF TEE STATE OF DELAWARE
IN AND FOR NEW CASTLE CQUNTY
ALBERT GRIMES, DONALD G.
MCCLURE, 5R., R. MICHAEL i
GILL, ROY R. HARKERT, 1x1,
JOSEPH D. CROFT, III, PAMELA
#. O'NEILL, AND GARY L. i
GRIMES i
Plaintiffs, i
v. ; C.A. No. 16957 NC
1
LCC INTERNATIONAL, INC.,
RX- HOZIK, IIONALD ROSE,
PETER DELISO, STUART LAWSON
AND MICROCELL MANAGEMENT,
INC.
Defendants.
1, Plaintiffs are Al ert Grimes, Donald G. McClure; Jr.,'
R. Michael Gill, Roy R. Mgrkert, III, Joseph D. Craft, III, -
Pamela 8. O'Neill, and Ga y LI-r, Grimes (also "the Class E-.
Sharohalders").
2. Defendant Lee Int+natianal, Inc. (MLCCn) is a
publicly traded corporati n organized under the laws of the
State of Delaware. LCC's registered office in Izhs State of
Delaware is located at 12 9 Orange Street, Wilmington,
DOc.wrfia13s v 0'1 04/12/99 3:ll
A P R - 1 2 - 9 9 16:22 F r o m : T-414 P.03
Delaware, 19801, and its registered agent at that address is
The Carparation Trust Company.
SNIPPETS:
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13
.
MEMO IN SUPPORT OF PLAINTFFS MOTION FOR PRELIM. INJUNCTION
|
EXTRACTED KEY WORDS
SHARES MICROCELL DEFENDANTS SHAREHOLDERS REDEEM LCC GRIMES CROFT HERETO MARKER PENDING DIRECTORS AGREEMENT COURT EXHIBIT CAPITAL CONTRIBUTIONS REDEMPTION MOTION INJUNCTION QUO MICROCELL MANAGEMENT FUNDS HARM MEETING RESOLUTION CUSTODIAN ALBERT GRIMES APPOINTMENT SUFFER |
I'
i
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, et al, 1>
Plaintiffs, >>
v. > C.A. No. 16957
>
LCC INTERNATIONAL, INC., et al., )
Defendants.
MEMORANDUM IN SUPPORT OF PLAINTIFFS' MOTION FOR A PRELIMINARY
INJUNCTION
NOW INTO COURT, through undersigned counsel, come plaintiffs Albert
Grimes, Donald G. McClure, Jr., R. Michael Gill, Roy R. Marker-t, II, Joseph D. Croft,
III, Pamela H. O'Neill, and Gary L. Grimes, and respectfully move for a preliminary
injunction to maintain the status quo by prohibiting defendants in the above-captioned
action from redeeming the Class B Shares in Microcell Management, Inc., held by
plaintiffs Albert Grimes, Joseph D. Croft, III, and Roy R. Marker& II, pending resolution
of plaintiffs' claims as asserted in this action.
FACTUAL BACKGROUND
Microcell Management, Inc. ("Microcell") was formed on December 3 1, 1996.
Defendant LCC International, Inc. ("LCC") owns 83.75% of Microcell's shares as Class
A Shares. The seven individual plaintiffs (the original founders of Microcell's
predecessor) collectively hold 16.25% of Microcell's shares as Class B Shares.
Until their forced resignations on January 22, 1999, plaintiffs Albert Grimes,
SNIPPETS:
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14
.
COMPLAINT
|
EXTRACTED KEY WORDS
LCC SHAREHOLDERS PLAINTIFFS DEFENDANT ALBERT GRIMES PETER DELISO HOZIK MANAGEMENT MARKERT CREDIT FACILITY CROFT RICHARD DIRECTORS DONALD ROSE JOSEPH AMENDED CHASE FACILITY FIDUCIARY DUTY STUART LAWSON CAPITAL CONTRIBUTIONS REPRESENTATIVES MICHAEL GILL REGISTERED OFFICE MAJORITY SHAREHOLDER EQUITY INVESTMENT CORPORATION TRUST SOUTH AFRICA PLAINTIFFS INCORPORATE TRANSACTION REFERENCE PARAGRAPHS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ALBERT GRIMES, DONALD G. MCCLURE, )
JR., R. MICHAEL GILL, ROY R.
ARKERT, III, JOSEPH D. CROFT, III,
PAMELA H. O'NEILL, AND GARY L.
GRIMES
Plaintiffs,
V. C.A. No.
LCC INTERNATIONAL, INC., RICHARD
HOZIK, DONALD ROSE, PETER DELISO,
AND STUART LAWSON, AND MICROCELL
MANAGEMENT, INC.
Defendants.
VERIFIED COMPLAINT
PARTIES
1. Plaintiffs are Albert Grimes, Donald G. McClure, Jr., R.
Michael Gill, Roy R. Markert, III, Joseph D. Croft, III, Pamela H.
O'Neill, and Gary L. Grimes (also "the Class B Shareholders").
2. Defendant LCC International, Inc. ("LCC") is a publicly
traded corporation organized under the laws of the State of
Delaware. LCC's registered office in the State of Delaware is
located at 1209 Orange Street, Wilmington, Delaware, 19801, and its
registered agent at that address is The Corporation Trust Company.
3. Defendant Microcell Management, Inc. ("Microcell" or "the
company") is a corporation organized under the laws of the State of
Delaware. Microcell's registered office in the State of Delaware
is located at 1209 Orange Street, Wilmington, Delaware, 19801, and
its registered agent at that address is The Corporation Trust
Company.
4. The individual defendants, Richard Hozik, Donald Rose,
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