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ALESSI v SHAW Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,644, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: ALESSI, State: DE Delaware, UniqueCaseRef: DE>CC>00018644, Marriott, Alliance, Sodexho, Executive Officer, Fiduciary Duties, Shareholder, Bellon, Chief Executive Officer, Relevant Times, Price, Carton, Landel, Common, President, North American, Damages, Facilities Management, Outstanding, Shares, Plan, Transaction, Suffer, Unfair, Alleges, Grossly Inadequate, Directors, Dealing , ContentID: 120239925

Case Documents
1 2001-01-25 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 100611
9 pages
PDF
Total Documents: 1 document , 9 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
PLAINTIFF
MEMBERS
ALLIANCE
SODEXHO
EXECUTIVE OFFICER
FIDUCIARY DUTIES
SHAREHOLDER
BELLON
CHIEF EXECUTIVE OFFICER
RELEVANT TIMES
PRICE
CARTON
LANDEL
COMMON
PRESIDENT
NORTH AMERICAN
DAMAGES
FACILITIES MANAGEMENT
OUTSTANDING
SHARES
PLAN
TRANSACTION
SUFFER
UNFAIR
ALLEGES
GROSSLY INADEQUATE
DIRECTORS
DEALING
                                                                                              ?-Y
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 b                       IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
                                            IN AND FOR NEW CASTLE COUNTY

      MARGARET ALESSI, individually and on behalf                      CA. No.
      of all others similarly situated,
                                                                                    CLASS ACTION 
                                              Plaintiff,

                  - against -

      WILLIAM J. SHAW, DANIEL J. ALTOBELLO,
      PIERRE BELLON,  BERNARD CARTON,
      EDOARD DE ROYERE, MICHAEL LANDEL,
      JOHN W. MARRIOTT, III, MARY S. MET&
      SODEXHO MARRIOTT, INC. and SODEXHO
      ALLIANCE, S.A.,

                                              Defendants.

                                                            INTRODUCTION

                          Plaintiff alleges on information and belief, except for those allegations

      pertain to plaintiff which are alleged upon personal knowledge, as follows:

                                 1.    This action arises out of an unlawful scheme and plan by

      Alliance, S.A. ("Alliance"), to acquire the remaining ownership of Sodexho Marriott Services,

      Inc. ("Marriott" or the "Company") for grossly inadequate consideration and without full and

      complete disclosure of all material information, in breach of defendants' fiduciary duties.

                                                             THE PARTIES

                                 2.    Plaintiff is and has been at all relevant times the owner of

      common stock.

                                 3.    Defendant William J. Shaw ("Shaw") is and has been at all

      Chairman and a director of Marriott. Shaw is also President and Chief Operating Officer of


      428316~1
SNIPPETS:
  • SODEXHO MARRIOTT, INC. and SODEXHO
  • Plaintiff alleges on information and belief,
  • pertain to plaintiff which are alleged upon personal knowledge,
  • Alliance, S.A., to acquire the remaining ownership of Sodexho Marriott Services,
  • Inc. for grossly inadequate consideration and without full and
  • complete disclosure of all material information, in breach of defendants' fiduciary duties.
  • Defendant Pierre Bellon is and has been at all relevant times a
  • Bellon is also Chairman and Chief Executive Officer of Alliance.
  • majority shareholder of defendant Alliance.
  • Defendant Bernard Carton is and has been at all relevant times
  • Carton is also Senior Vice President and Chief Financial Officer of
  • Defendant Michael Landel is and has been at all relevant times
  • are and have been at all relevant times directors of Marriott.
  • dealing, due care, and candor to plaintiff and the other members of the Class.
  • Marriott provides outsourced food and facilities management in North
  • Marriott's outstanding shares as of October 3 1,200O.
  • Marriott common stock issued and outstanding, held by thousands of shareholders of record and
  • of the members of the Class, who has suffered or will suffer damages, to bring separate
  • North American operations of defendant Sodexho Alliance, S.A. and changed its name to
  • On January 25,200 1, Alliance announced a plan to acquire the remaining
  • 52% of Marriott it does not already own for $27.00 in a transaction valued at $900 million
  • Marriott's recent share price and its future financial prospects,
  • The Offer is in furtherance of an unfair plan to take Marriott private,
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