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BOTKNECT v RAND Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,214, Plaintiff: BOTKNECT, State: DE Delaware, UniqueCaseRef: DE>CC>00018214, Avis, Cendant, Transaction, Shares, Directors, Stock, Common, Price, Fiduciary Duties, Officer, Outstanding, Stockholder, Public Shareholders, Breach, Reason, Relief, Expense, Damages, Conversion, Grossly Inadequate, Plan, Michael, Complaint, York, Market , ContentID: 120240224

Case Documents
1 2000-08 CLASS ACTION COMPLAIN
[ see first page and extracted highlights below  ] ItemID: 100986
7 pages
PDF
Total Documents: 1 document , 7 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAIN

EXTRACTED KEY WORDS
DEFENDANTS
PLAINTIFF
MEMBERS
CENDANT
TRANSACTION
SHARES
DIRECTORS
STOCK
BUSINESS
COMMON
PRICE
FIDUCIARY DUTIES
LAW
OFFICER
OUTSTANDING
STOCKHOLDER
PUBLIC SHAREHOLDERS
BREACH
REASON
RELIEF
EXPENSE
DAMAGES
CONVERSION
GROSSLY INADEQUATE
PLAN
MICHAEL
COMPLAINT
YORK
MARKET
                                                                                                   
                      IN THE COUJRT  OF CHANCERY OF THE STATE OF DELAWARE
                                                    IN 


SNIPPETS:
 
  • CENDANT CORPORATlClN
  • his complaint against defendants, alleges upon information and belief, except as to
  • Inc. ("Avis" or the "Company") since prior to the transaction herein complained
  • Garden City, New York 11530.
  • shares of its common stock outstanding.
  • travel and direct marketing related consumer and business services.
  • Officer of the Company, since INovember 1999.
  • and Michael P. Monaco are directors of Avis and directors of Cendant.
  • fiduciary duties of loyalty, good,faith and fair dealing to plaintiff and the other members of
  • Their fiduciary duties, at all times
  • The class is so numerous that joinder of all members is
  • As of August 9, 2000, there were approximately 31 million shares of Avis
  • Thetx are questions of law and fact which are common to the
  • to eliminate the public shareholders of Avis in breach of their fiduciary duties in order to
  • thereby making appropriate injunctive relief and/or corresponding
  • price of $29 per share in cash.
  • Based upon current conversion rates and assuming certain earnings and
  • unconscionable, unfair and grossly inadequate consideration because, among otherthings:
  • arbitrarily by Cendant to "cap" tlie market price of Avis stock, 21s part of a plan for
  • expense of Avis's public shareholders.
  • By reason iof the foregoing acts, practices and course of conduct,
  • Cendant has breached and wll breach its duty as controlling stockholder of Avis by
  • transaction or transactions, or {granting, inter alia, rescissory damages;
  •    |