LegalCaseDocs.com
shopping cart  
  |     
Search
 

 
New Visitors


 VeriSign Secure Site

 Get Adobe Reader

KORFF v HERTZ CORP Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,379, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY IN THE STATE OF DELAWARE, Plaintiff: KORFF, State: DE Delaware, UniqueCaseRef: DE>CC>00018379, Hertz, Ford, Common, Common Stock, Stockholders, Control, Shareholders, Individual Defendants, John, Complaint, Acquisition, Transaction, Outstanding, Unfair, Highest Obligations, Duties, Damages, Price, Delaware, Allegations, Proposed Acquisition, Shares, Vice Chairman, Directors , ContentID: 120240105

Case Documents
1 2000-10-03 SHAREHOLDERS CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 100826
8 pages
PDF
Total Documents: 1 document , 8 pages
Price: $ 19.95


IVESLCD01 KGI0001
 
 

 Forgot your password?


1 . SHAREHOLDERS CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
PLAINTIFF
HERTZ
FORD
COMMON
COMMON STOCK
STOCKHOLDERS
CONTROL
MEMBERS
SHAREHOLDERS
LAW
INDIVIDUAL DEFENDANTS
JOHN
COMPLAINT
ACQUISITION
TRANSACTION
OUTSTANDING
UNFAIR
HIGHEST OBLIGATIONS
DUTIES
DAMAGES
PRICE
COURT
DELAWARE
COUNSEL
ALLEGATIONS
PROPOSED ACQUISITION
SHARES
VICE CHAIRMAN
DIRECTORS
         IN THE COURT OF CHANCERY IN THE STATE OF DELAWARE
                            IN AND FOR NEW CASTLE COUNTY

_____._____  -_--_------..----------------
JOHN KORFF,

                             Plaintiff,

               -against-                               Civil Action No.1 3:>7/N\,

HERTZ CORPORATION, FRANK A. OLSON,
CRAIG R. KOCH, W. WAYNE BOOKER,
LCUIS C. BURNETT, MICHAEL T. MONAHAN,
PETER J. PESTILLO, JOHN M. RINTAMAKI,
JOHN M. THOMPSON,  JOSEPH A. WALKER,
and FORD MOTOR COMPANY,

                             Defendants.

                                                 X

                   SHAREI~DER'S CLASS ACTION COMPLAINT

               PlaintiEf, by his attorneys, for his complaint against

defendants, alleges upon personal knowledge with respect                  to

paragraph 2, and upon information and  belieE based, inter  alia
                                                                      - -   I
upon the investigation of counsel, as to all other allegations

herein, as follows:

                               MATURE OF THE ACTION

               1. This is a stockholders' class action on behalf of

the  pu.blic stockholders of Hertz Corporation              ("Hertz" or the

lrL'ompany") to enjoin the proposed acquisition of the publicly owned

shares of Hertz's common stock by its controlling shareholder,

defendant Ford Motor Company  (lIFordlt).



                               THE PARTIES

SNIPPETS:
  • IN THE COURT OF CHANCERY IN THE STATE OF DELAWARE
  • PlaintiEf, by his attorneys, for his complaint against
  • upon the investigation of counsel, as to all other allegations
  • lrL'ompany") to enjoin the proposed acquisition of the publicly owned
  • shares of Hertz's common stock by its controlling shareholder,
  • defendant Ford Motor Company.
  • Plaintiff has been the owner of' the common stock of
  • Defendant Hertz is a corporation duly organized and
  • Company's outstanding Class B common stock.
  • He is also Vice Chairman of the Board of Directors of
  • The defendants named in paragraphs 5 through 13 (the
  • plaintiff and the other public stockholders of Hertz and owe them
  • has effective and working control
  • them the highest obligations of good faith and fair dealing.
  • There are questions of law and fact which are common
  • whether the Individual Defendants have breached
  • pXainti.ff and the members of the Class;
  • transaction is unconscionable and unfair and grossly inadequate
  • an unfa.ir price, and (deprive Hertz's public shareholders of maximum
  • also breached the duties of loyalty and due care by not taking
  • The terms of the transaction are grossly unfair to
  • rescinding the same or award.ing rescissory damages
  •    |