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1
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MEMORANDUM OPINION
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EXTRACTED KEY WORDS
INFORMATION STATEMENT MERGER DISCLOSURE SHAREHOLDERS DEL DEFENDANTS FACTS MATERIAL FACTS DIRECTORS MAILING DELAWARE OPINION COURT FIDUCIARY DUTY JACOBS OMITTED DISCLOSURE SUMMARY JUDGMENT FCA STOCKHOLDERS FINANCIALS OMITTING MATERIAL FACTS CONNECTION COMPLAINT DEFENDANTS ARGUE WILMINGTON ATTORNEYS FORMER SHAREHOLDERS CLASS ACTION PROPOSED MERGER |
JN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
WILLIAM M. SKEEN and )
JACQUELINE L. SKEEN )>
Plaintiffs, >1
V. > Civil Action No. 16836
1
JO-ANN STORES, INC., >
HOUSE OF FABRICS, INC., >
ALAN ROSSKAMM, BRIAN >
P. CARNEY, DAVID E. BOLEN, >
JANE A. AGGERS, JOHN W. >
HERMSEN, R.N. HANKIN and >
H. MICHAEL HECT, >>
Defendants. >
MEMORANDUM OPINION
Date Submitted: June 25, 1999
Date Decided: Sentember 27, 1999
Ronald A. Brown, Jr., Esquire, of PRICKETT, JONES, ELLIOTT & KRISTOL,
Wilmington, Delaware; Attorneys for Respondents
Allen M. Terrell, Jr., Srinivas M. Raju, and Michael D. Allen, Esquires, of
RICHARDS, LAYTON & FINGER, Wilmington, Delaware; and David J. Hooker,
Keith L. Carson and Lisa R. Battaglia, Esquires, of THOMPSON HINE & FLORY
LLP, Cleveland, Ohio; Attorneys for Defendants
JACOBS, VICE CHANCELLOR
The plaintiffs, who are former shareholders of House of Fabrics, Inc.
("HF"), brought this class action against HF and its seven former directors,
claiming that those directors (i) breached their fiduciary duty of disclosure by
omitting material facts from an Information Statement disseminated in connection
with a proposed merger and (ii) violated 8 Del. C, $ $ 25 1 and 262 by not mailing
to the shareholders in timely fashion the Information Statement and the Notice of
SNIPPETS:
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2
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PLAINTIFFS REPLY BRIEF IN SUPPORT OF MOTION FOR PARTIAL SUMMARY JUDGMENT
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EXTRACTED KEY WORDS
PLAINTIFFS COURT PARTIAL SUMMARY JUDGMENT STOCKHOLDERS DISCLOSURE PLAN MERGER FCA MOTION REASONS FACTS REASONABLE STOCKHOLDERS OPINION DLJ FAIRNESS RANGES DELAWARE PROJECTIONS DRB/AB FEDERAL LAW APPRAISAL PROCEEDING DISCLOSURE CLAIMS MANAGEMENT CONNECTION ALAN ROSSKAMM PRICKETT JONES ELLIOTT KRISTOL WILMINGTON ATTORNEYS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE q
IN AND FOR NEW CASTLE COUNTY
WILLIAM M. SKEEN and
JACQUELINE L. SKEEN
Plaintiffs,
C.A. No. 16836-NC
V.
JO-ANN STORES, INC.,
HOUSE OF FABRICS, INC.,
ALAN ROSSKAMM, BRIAN
P. CARNEY, DAVID E. BOLEN,
JANE A. AGGERS, JOHN W.
HERMSEN, R.N. HANKIN and
H. MICHAEL HECT
Defendants.
PLAINTIFFS' REPLY BRIEF
IN SUPPORT OF PLAINTIFFS' MOTION
FOR PARTIAL SUMMARY JUDGMENT
PRICKETT, JONES, ELLIOTT
& KRISTOL
Ronald A. Brown, Jr.
1310 King Street
P.O. Box 1328
Wilmington, Delaware 19899
(302)888-6500
Attorneys for Plaintiffs
Dated: April 12, 1999
16279.1\84148vl
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3
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BRIEF
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EXTRACTED KEY WORDS
DEFENDANTS COURT MERGER STOCKHOLDERS PARTIAL SUMMARY JUDGMENT DEL DISCLOSURE MOTION FCA INFORMATION STATEMENT MATERIALS FACTS DISMISS DELAWARE STORES FIDUCIARY DUTY REASONABLE STOCKHOLDERS DIRECTORS MINORITY STOCKHOLDERS SHAREHOLDERS CONNECTION MERGER PRICE DLJ PROJECTIONS MERGER CONSIDERATION KING STREET MONETARY DAMAGES DOB TECHNICOLOR |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE '4
IN AND FOR NEW CASTLE COUNTY / ,I2
f-A
WILLIAM M. SKEEN and
JACQUELINE L. SKEEN
Plaintiffs,
C.A. No. 16836-NC
V.
JO-ANN STORES, INC.,
HOUSE OF FABRICS, INC.,
ALAN ROSSKAMM, BRIAN
P. CARNEY, DAVID E. BOLEN,
JANE A. AGGERS, JOHN W.
HERMSEN, R.N. HANKIN and
H. MICHAEL HECT
Defendants.
PLAINTIFFS' COMBINED (1) ANSWERING BRIEF
IN OPPOSITION TO DEFEDANTS' MOTION TO DISMISS,
AND (2) OPENING BRIEF IN SUPPORT OF PLANTIFFS'
MOTION FOR PARTIAL SUMMARY JUDGMENT
PRICKETT, JONES, ELLIOTT,
KRISTOL & SCHNEE
Ronald A. Brown, Jr.
1310 King Street
P.O. Box 1328
Wilmington, Delaware 198997
(302) 888-6500
Attorneys for Plaintiffs
Dated: February 26, 1999
16279.1\71515v1
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