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1
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REPLY BRIEF IN SUPPORT OF DEFENDANTS MOTION FOR PARTIAL JUDGMENT ON THE PLEADINGS
|
EXTRACTED KEY WORDS
SALOVAARA PARTNERSHIP PARTNERS ECKERT INDEMNIFICATION COURT PLAINTIFFS DELAWARE LIMITED PARTNERSHIP MOTION INDEMNIFICATION PROVISIONS AGREEMENTS SOUTH STREET PARTIAL JUDGMENT AFFILIATE GENERAL PARTNER PLEADINGS SSP COMPLAINT DEFENDANT GREYCLIFF SSL FUNDS PAB STREET CORPORATE RECOVERY RADIN TISCHMAN EPSTEIN AUTHORITIES SALOVAARU UNDERLYING ACTIONS DRULPA ATTORNEYS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
SOUTH STREET CORPORATE RECOVERY
FUND I, L.P., a Delaware limited partnership,
SOUTH STREET LEVERAGED CORPORATE
RECOVERY FUND, L.P., a Delaware limited
partnership, SSP ADVISORS, L.P., a Delaware
limited partnership, SSP PARTNERS, L.P., a
Delaware limited partnership, and ALFRED C.
ECKERT, III,
._ i.--
Plaintiffs,
. .I
I
.,
V. C . A . N o . 16579-NC I'.`.
~. .
MIKAEL SALOVAARA,
Defendant.
REPLY BRIEF IN SUPPORT OF
DEFENDANT'S MOTION FOR PARTIAL JUDGMENT ON THE PLEADINGS
THE BAYARD FIRM
Kurt M. Heyman
Phebe S. Young
Kimberly L. Gattuso
Patricia L. Enerio
222 Delaware Avenue, Suite 900
P.O. Box 25 130
Wilmington, DE 19899
(302) 655-5000
Attorneys for Defendant
OF COUNSEL:
SILLS CUMMIS RADIN
TISCHMAN EPSTEIN & GROSS
Joseph L. Buckley
Richard H. Epstein
Adam J. Kaiser
One Riverfront Plaza
Newark, NJ 07 102-5400
SNIPPETS:
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2
.
BRIEF OF AMICI CURIAE IN OPPOSITION TO DEFENDANTS MOTION FOR PARTIAL JUDGMENT
|
EXTRACTED KEY WORDS
PARTNERSHIP SALOVAARA INDEMNIFICATION JUDGEMENT COSTS LEGAL FEES SOUTH STREET MOTION PLEADINGS GENERAL PARTNER ECKERT DELAWARE CONNECTION PARTNERSHIP AGREEMENT SSP ADVISORS PARTIAL JUDGMENT GREYCLIFF CORPORATE RECOVERY AMICI CURIAE COMPLAINT OBLIGATIONS FIDUCIARY DUTY OPPOSITION AFFILIATE FEDERAL ACTION ERISA OPENING BRF EMPLOYEE BENEFIT PLAN |
IN AND FOR NEW CASTLE COUNTY
SOUTH STREET CORPORATE RECOVERY 1
FUND I, L.P., a Delaware limited partnership, 1
SOUTH STREET LEVERAGED CORPORATE 1
RECOVERY FUND, L.P., a Delaware limited 1
partnership, SSP ADVISORS, L.P., a Delaware >
limited partnership, SSP PARTNERS, L.P., a 1
Delaware limited Partnership and ALFRED C. 1
ECKERT, III, )1
Plaintiffs, )1
V. > C.A. No. 16579-NC
1
MIKAEL SALOVAARA, >)
Defendant. >
BRIEF OF AMICI CURIAE IN OPPOSITION TO
DEFENDANT'S MOTION FOR PARTIAL JUDGMENT ON THE PLEADINGS
MORRIS, JAMES, HITCHENS & WILLIAMS LLP
P. Clarkson Collins, Jr.
Lewis H. Lazarus
222 Delaware Avenue
P.O. Box 2306
Wilmington, Delaware 19899
(302) 888-6800
Attorneys for Amici Curiae
OFCOUNSEL:
DEWEY BALLANTINE LLP
Jack Kaufmann
Kenneth D. Friedman
1301 Avenue of the Americas
New York, New York 10019
(212)259-8000
Dated: October 15, 1999
TABLE OF CONTENTS
TABLEOFAUTHORITIES.........................................ii
SNIPPETS:
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3
.
PLAINTIFFS ANSWERING BRIEF IN OPPOSITION TO MOTION FOR PARTIAL JUDGMENT ON THE PLEADINGS
|
EXTRACTED KEY WORDS
PLAINTIFFS PARTNERSHIP AGREEMENTS SALOVAARA INDEMNIFICATION MOTION FUNDS UNDERLYING ACTIONS JUDGEMENT PLEADINGS PARTIES SOUTH STREET GENERAL PARTNER COURT ECKERT FACTS PARTIAL JUDGMENT RELEVANT NON-PARTIES LIMITED PARTNERS SSP DOB PERSONAL BENEFIT DEFENSE COSTS OPPOSITION PROVISIONS LITIGATION ERISA ACTION OBLIGATIONS JERSEY CHANCERY COURT INTERPRETATION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE '
IN AND FOR NEW CASTLE COUNTY
SOUTH STREET CORPORATE RECOVERY
FUND I, L.P., a Delaware limited partnership, >
SOUTH STREET LEVERAGED CORPORATE 1
RECOVERY FUND, L.P., a Delaware limited >
partnership, SSP ADVISORS, L.P., a Delaware >
limited partnership, SSP PARTNERS, L.P., a >
Delaware limited partnership, and ALFRED C. >
ECKERT, III, >>
Plaintiffs, >1 C.A. No. 16579
V. >>
MIKAEL SALOVAARA, >1
Defendant. >
PLAINTIFFS' ANSWERING BRIEF IN OPPOSITION TO
DEFENDANT'S MOTION FOR PARTIAL JUDGMENT ON THE PLEADINGS
Jesse A. Finkelstein
Russell C. Silberglied
OF COUNSEL: Michael D. Allen
Richard M. Sharfman Richards, Layton & Finger
Daniel A. Ross One Rodney Square
Dechert Price & Rhoads P.O. Box 551
3 0 Rockefeller Plaza Wilmington, DE 19899
New York, NY 10112 (302) 658-6541
(212) 698-3500 Attorneys for Plaintiffs
DATED: October 15, 1999
TABLE OF CONTENTS
TABLE OF AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PRELIMINARY STATEMENT . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . , . . . . . . . .
NATURE AND STAGE OF PROCEEDINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
STATEMENT OF FACTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
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4
.
LETTER OPINION
|
EXTRACTED KEY WORDS
FUND LIMITED PARTNERS INTERVENORS ECKERT SALOVAARA ADVISORS GENERAL PARTNER INDEMNIFICATION COURT COMPLAINT PLAINTIFFS LITIGATION COSTS SSP DECLARATORY MOTION AGREEMENTS LAWSUITS REIMBURSE RELIEF SUIT DEMAND AFFILIATE BREACH HINDESES CHANCERY INSURANCE FIDUCIARY DUTIES CONFLICT |
J-
COUR-I- OF CHANCER'Y
OF THE
STATE OF DELAWARE .
WIILl.IAM E3. C Date Submitted: April 20, 1999
H A N D L E R III
<:.iANCE! i OY Date Decided: July 9, 1999
Russell C. Silberglied P. Clarkson Collins, Jr.
Jesse A. Finkelstein Lewis H. Lazarus
Richards Layton & Finger Morris James Hitchens &
P-0. Box 551 P.O. Box 2306
Wilmington, DE 19899 Wilmington, IDE 19899
Kurt M. Heyman
The Bayard Firm
P-0. Box 25 130
Wilmington, DE; 19899-5 130
Re: South Street Corporation Recovery Fund Iv.
Mikael Salovaara
C. A. No. 16579
Dear Counsel:
South Street Corporate Recovery Fund I, L.P. ("Fund I"), a Delaware
partnership; its general partner, SSP Advisors, L.P. ("Advisors"), another
Delaware L.P.; Alfred C. Eckert, III ("Eckert"), the president of Advisors's
corporate general partner and non-party, SSP, Inc.; South Street Leveraged
Corporate Recovery Fund (the "Leveraged Fund"); and SSP Partners, L.P.
("Partners"), a Delaware LT. and Leveraged Fund's general partner, filed the
SNIPPETS:
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5
.
ANSWERING BRIEF
|
EXTRACTED KEY WORDS
FUND SALOVAARA INTERVENE COURT ORIGINAL COMPLAINT MOTION LIMITED PARTNERSHIP INDEMNIFICATION DEL ADVISORS INTERVENTION ECKERT DELAWARE LIMITED PARTNERSHIP DEFENDANT PLAINTIFFS UNDERLYING LAWSUITS PROPOSED CLAIMS CHANCERY DERIVATIVE/STANDING OPPOSITION LACK STANDING GENERAL PARTNER POLICIES AUTHORITIES REPRESENTATION PERMISSIVE INTERVENTION INDEMNIFICATION PAYMENTS DISCOVERY CHANDLER |
I f-y $ ("i f I' j [
Q
I, I 1. t i&l:, 1; l>i, $$
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
SOUTH STREET CORPORATE RECOVERY )
FUND I, L.P., a Delaware limited partnership, )
SOUTH STREET LEVERAGED CORPORATE )
RECOVERY FUND, L.P., a Delaware limited )
partnership, SSP ADVISORS, L.P., a Delaware ) /
limited partnership, SSP PARTNERS, L.P., a ) - `,
Delaware limited partnership, and ALFRED C. ) .: >
ECKERT, III, ) I. . .
> L- : ?.-?
I.,
Plaintiffs, - .
>>
V. > C.A. No. 16579-NC
MIKAEL SALOVAARA,
Defendant.
DEFENDANT'S ANSWERING BRIEF IN OPPOSITION
TO LIMITED PARTNERS' MOTION TO INTERVENE
THE BAYARD FIRM
Kurt M. Heyman
919 Market Street, Suite 1600
P.O. Box 25130
Wilmington, DE 19899
(302) 655-5000
Attorneys for Defendant
OF COUNSEL:
SILLS CUMMIS RADIN
TISCHMAN EPSTEIN & GROSS
Joseph L. Buckley
Adam J. Kaiser
One Riverfront Plaza
Newark, NJ 07102-5400
(973) 643-7000
DATED: February 26,1999
SNIPPETS:
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6
.
BRIEF
|
EXTRACTED KEY WORDS
PLAINTIFFS SALOVAARA COURT INTERVENE LIMITED PARTNERS LIMITED PARTNERSHIP ECKERT SOUTH STREET TRUST MOTION CHANCERY ORIGINAL PLAINTIFFS DELAWARE LIMITED PARTNERSHIP SOUTH STREET CORPORATE STATE STREET BANK STREET CORPORATE RECOVERY INTERVENTION INDEMNIFICATION TRUST COMPANY CHANCERY RULE ORIGINAL COMPLAINT MIKAEL SALOVAARA DEFENDANT UNDERLYING LAWSUITS SSP LEGAL FEES WILMINGTON TRUST COMPANY SSFLP PRELIMINARYSTATEMENT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
-
IN AND FOR NEW CASTLE COUNTY I (,
/- ; I
. ,-
SOUTH STREET CORPORATE RECOVERY
FUND I, L.P., a Delaware limited partnership,
SOUTH STREET LEVERAGED CORPORATE
RECOVERY FUND, L.P., a Delaware limited Cz',
partnership, SSP ADVISORS, L.P., a Delaware _. ,
L. ;- ? ;-
limited partnership, SSP PARTNERS, L.P., a -.; c
Delaware limited Partnership and ALFRED C.
ECKERT, III,
Plaintiffs,
V. CA. No. 16579-NC
MIKAEL SALOVAARA,
Defendant.
OPENING BRIEF OF WILMINGTON TRUST COMPANY, AS TRUSTEE,
STATE STREET BANK AND TRUST COMPANY, AS TRUSTEE AND
SSFLP I, L.P. IN SUPPORT OF THEIR MOTION TO INTERVENE
OF COUNSEL: MORRIS, JAMES, HITCHENS & WILLIAMS
DEWEY BALLANTINE UP P. Clarkson Collins, Jr.
Lewis H. Lazarus
Jack Kaufmann 222 Delaware Avenue
Kenneth D. Friedman P.O. Box 2306
13 0 1 Avenue of the Americas Wilmington, Delaware 19899
New York, New York 10019 (302) 888-6800
(212) 259-8000 Attorneys for Wilmington Trust Company,
as Trustee, State Street Bank and Trust Company,
as Trustee and SSFLP I, L.P.
Dated: February 10, 1999
TABLE OF CONTENTS
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