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1
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[AMENDED] CLASS ACTION COMPLAINT
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EXTRACTED KEY WORDS
DEFENDANTS HOLDER CLASS KPMG RITE AID STOCK INDIVIDUAL DEFENDANTS PLAINTIFF STORES FINANCIALS PRIOR COMMON STOCK FINANCIAL STATEMENTS EARNINGS REPORT ATTORNEY PRACTICES MATERIALLY FALSE MISREPRESENTATIONS MISLEADING ACCOUNTING PRACTICES FIDUCIARY DUTY NET INCOME ANNUAL REPORT REPRESENTATIONS STOCKHOLDERS OPERATING EXPENSES MANAGEMENT DISTRIBUTION DRUG STORE PRESCRIPTION |
.--_ _
GINAL b
IN THE COURT OF CHANCERY FOR THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
-. f
STACEY FEINGLASS MANZO on behalf of )
herself and all others similarly situated,
i _ .
Plaintiff, :.' :
V. i C.A. No. 18451-NC. :-:
RITE AID CORPORATION, a Delaware
corporation, MARTIN L. GRASS, TIMOTHY ) 3
J. NOONAN, FRANKLIN C. BROWN,
NANCY A. LIEBERMAN, LEONARD ;
STERN, PRESTON R. TISCH, WILLIAM )
J. BRATTON, and KPMG LLP, >
Defendants. 1
[Amended] Class Action Complaint
Plaintiff, by and through her attorneys, on behalf of herself and all others
similarly situated, complains against Defendants as follows:
Nature Of The Action
1. Plaintiff brings this action as a class action on behalf of herself and all
other persons who held common stock of Rite Aid Corporation ("Rite Aid" or the
"Company") from prior to March 1, 1997 through and including October 18, 1999
(the "Holder Class Period"), to recover damages caused by defendants'
misrepresentations, fraud, breach of fiduciary duty (individual defendants only) and
aiding and abetting a breach of fiduciary duty (KPMG only). This case is not
brought on behalf of buyers or sellers of Rite Aid stock; it is brought on behalf of
17594.1\131613v1
SNIPPETS:
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2
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BRIEF IN SUPPORT OF DEFENDANTS MOTION TO DISMISS
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EXTRACTED KEY WORDS
DEFENDANTS KPMG DELAWARE PLAINTIFF DISMISS CLASS ACTION CHANCERY RITE AID FIDUCIARY DUTY LAW COMPLAINT DEL INDIVIDUAL DEFENDANTS EASTERN DISTRICT FRAUD SECURITIES PENNSYLVANIA LLP COMMON LAW FINANCIAL STATEMENTS RITE AID STOCK LITIGATION ALLEGATIONS CONSIDERATIONS ACTION PENDING SHAREHOLDERS HOLDER CLASS PERIOD UNITED STATES PLAINTIFF ALLEGES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
STACEY FEINGLASS MANZO on behalf )
of herself and all others similarly situated,
i
Plaintiffs, ) CIVIL ACTION NO. 18451-NC a
2'
V. i & Ir;
es -z -%q
SW .c -
RITE AID CORPORATION, MARTIN L. ; pl2? Ia s--
GRASS, TIMOTHY J. NOONAN, F 5. :m
3.Z-n -0
FRANKLIN C. BROWN, NANCY A. ,' %!ii, -f:
LIEBERMAN, LEONARD STERN, wzi
PRESTON R. TISCH, WILLIAM .I. ; PIfm -
-3 N
BRATTON, and KPMG LLP,
;
Defendants. >
BRIEF IN SUPPORT OF DEFENDANT KPMG LLP'S
MOTION TO DISMISS THE CLAIMS DIRECTED AGAINST IT
OR IN THE ALTEBNATIVE. TO STAY THE PRESENT ACTION
Montgomery, McCracken, Walker & Rhoads, LLP
John H. Newcomer, Jr.
13 1 Continental Drive, Suite 304
Newark, DE 19713
(302) 894-7070
Attorneys for Defendant KPMG LLP
OF COUNSEL:
John W. Frazier, IV
John E. Caruso
Montgomery, McCracken, Walker & Rhoads, LLP
123 South Broad Street
Philadelphia, PA 19109
(215) 772-1500
Dated: January 16,200l
TABLE OF
SNIPPETS:
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3
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BRIEF OF DEFENDANT F. BROWN IN SUPPORT OF MOTION TO DISMISS
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EXTRACTED KEY WORDS
RITE AID BROWN DEL DEFENDANT FRANKLIN DAMAGES MOTION COMPLAINT SUPR SUPPORT DISMISS DELAWARE RITE AID CORPORATION WILLIAM NORTH MARKET CLASS MEMBERS MARKET STREET STERN CORROON LLP RITE AID STOCK DERIVATIVELY6 LIEBERMAN LEONARD STERN POTTER ANDERSON COUNSEL HERCULES PLAZA GREENBERG LIVINGSTON AVENUE WILMINGTON ROSELAND ATTORNEYS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY /I
STACEY FEINGLASS MANZO on behalf of )
herself and all others similarly situated,
;
Plaintiff, C.A. No. 18451 NC
1
V.
I
RITE AID CORPORATION, a Delaware 1
corporation, MARTIN L. GRASS, TIMOTHY J. )
NOONAN, FRANKLIN C. BROWN, NANCY )
A. LIEBERMAN, LEONARD STERN, 1
PRESTON R. TISCH, WILLIAM J. BRATTON, )
and KPMG LLP,
!
Defendants. 1
BRIEF OF DEFENDANT FRANKLJN C. BROWN
IN SUPPORT OF HIS MOTION TO DISMISS
POTTER ANDERSON & CORROON LLP
OF COUNSEL: Hercules Plaza, Sixth Floor
13 13 North Market Street
Stern & Greenberg P.O. Box 951
75 Livingston Avenue Wilmington, Delaware 19899
Roseland, NJ 07068 (302) 984-6000
(973) 535-1900
Attorneys for Defendant Franklin C. Brown
January 15,200l
451470
INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
SNIPPETS:
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4
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BRIEF IN SUPPORT OF RITE AID AND OTHERS MOTION TO DISMISS
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EXTRACTED KEY WORDS
RITE AID FRAUD CLAIM COURT DELAWARE DIRECTORS DEL SUPPORT DAMAGES RITE AID CORPORATION COMMON LAW STOCK FAILURE FIDUCIARY DUTY ALLEGE RELIANCE EQUITABLE FRAUD FALSE STATEMENTS SHAREHOLDERS DEFENDANTS DISCLOSURE STOCK PRICE KPMG ALLEGATIONS SECURITIES STOCKHOLDER ACCOUNTING SUPREME COURT LEONARD STERN DIRECTORS DELIBERATELY MISINFORM |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
___---------m-w ----x
STACEY FEINGLASS MANZO, on behalf of
herself and all others similarly situated,
Plaintiff,
V. Civil Action No. 1845 l@z
?-G
::. ..:
RITE AID CORPORATION, a Delaware Z.` ..:
:-. : ,; 1
corporation, MARTIN L. GRASS, TIMOTHY J. : -> __
:-- :. -
NOONAN, FRANKLIN C. BROWN, NANCY A. :
LIEBERMAN, LEONARD STERN, PRESTON R. :
TISCH, WILLIAM J. BRATTON, and KPMG LLP, :
Defendants.
----~--~----.-------~
BRIEF IN SUPPORT OF RITE AID CORPORATION,
NANCY A. LIEBERMAN, LEONARD STERN, PRESTON R. TISCH
AND WILLIAM J. BRATTON'S MOTION TO DISMISS
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
Post Office Box 636
Wilmington, Delaware 19899-0636
(302) 651-3000
Attorneys for Rite Aid Corporation,
Nancy A. Lieberman, Leonard Stem,
.Preston R. Tisch and William J. Bratton
Of Counsel:
WACHTELL, LIPTON, ROSEN & KATZ
5 1 West 52"d Street
New York, New York 10019-6150
Attorneys for Nancy A. Lieberman, Leonard Stem,
Preston R. Tisch and William J. Bratton
SNIPPETS:
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5
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CLASS ACTION COMPLAINT
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EXTRACTED KEY WORDS
DEFENDANTS HOLDER CLASS RITE AID STOCK KPMG INDIVIDUAL DEFENDANTS PLAINTIFF STORES PRIOR FINANCIALI COMMON STOCK GRASS ATTORNEY EARNINGS FINANCIAL STATEMENTS REPORT MISREPRESENTATIONS STOCKHOLDERS MISLEADING NET INCOME FIDUCIARY DUTY ANNUAL REPORT ACCOUNTING PRACTICES REPRESENTATIONS MATERIALLY FALSE DISTRIBUTION ACQUISITION DRUG STORE MANAGEMENT INTERNAL CONTROLS |
I
IN THE COURT OF CHANCERY FOR THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
STACEY FEINGLASS MANZO on behalf of )
herself and all others similarly situated,
1
Plaintiff,
V. 1 C.A. No.1 %45/h'L
>
RITE AID CORPORATION, a Delaware )
co:rporation, MARTIN L. GRASS, TIMOTHY )
J. NOONAN, FRANKLIN C. BROWN, >
NANCY A. LIEBERMAN, LEONARD
STERN, PRESTON R. TISCH, WILLIAM i
J. BRATTON, and KPMG LLP,
i
Defendants. >
Class Action Complaint
Plaintiff, by and through her attorneys, on behalf of herself and all others
similarly situated, compla.ins against Defendants as follows:
Nature Of The Action
1. Plaintiff brings this action as a class action on behalf of herself and all
ot.her persons who held common stock of Rite Aid Corporation ("Rite Aid" or the
"Company") from prior to March 1, 1997 through and including October 18, 1999 (the
"Holder Class Period"), to recover damages caused by defendants' misrepresentations,
fraud, breach of fiduciary duty (individual defendants on1t.y) and aiding and abetting
a breach of fiduciary duty (KPMG only). This case is not `brought on behalf of buyers
o P sellers of Rite Aid stock; it i-s brought on behalf of stockholders who owned Rite Aid
stock during the entire Holder Class Period. During the period from March 1, 1997
through October 18, 1999, defendants issued and caused to be disseminated to the
SNIPPETS:
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