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SMITH v MCGOVERN Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,176, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: SMITH, State: DE Delaware, UniqueCaseRef: DE>CC>00018176, Careerbuilder, Individual Defendants, Knight Ridder, Shares, Transaction, Merger, Officer, Businesses, Careerbuilder Common, Shareholder, Fiduciary Duties, Consummate, Price, Breach, Charles Smith, Mcgovern, Tribune, Alleges, Owner, Suite, Online Recruitment, Internet, Relevant Hereto, Outstanding Shares, Directors , ContentID: 120240246

Case Documents
1 2000-07-25 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101013
8 pages
PDF
Total Documents: 1 document , 8 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
PLAINTIFF
CAREERBUILDER
INDIVIDUAL DEFENDANTS
MEMBERS
KNIGHT RIDDER
SHARES
TRANSACTION
MERGER
COURT
OFFICER
BUSINESSES
CAREERBUILDER COMMON
SHAREHOLDER
FIDUCIARY DUTIES
CONSUMMATE
PRICE
BREACH
CHARLES SMITH
MCGOVERN
TRIBUNE
ALLEGES
OWNER
LAW
SUITE
ONLINE RECRUITMENT
INTERNET
RELEVANT HERETO
OUTSTANDING SHARES
DIRECTORS
            IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                       IN AND FOR NEW CASTLE COUNTY

___________-_---------------------- X
CHARLES SMITH,

              Plaintiff,

     V.                                                 Civil Action No. /47'"
ROBERT J. MCGOVERN, JAMES A.
THOLEN, PETER J.  BARRIS,
DAVID C. WETMORE, GARY C.
BUTLER, CAREERBUILDER, INC.,
KNIGHT RIDDER, INC. and
TRIBUNE COMPANY,

              Defendants.
-------------------------------~--- i                                  _
                                 COMPLAINT                                  -.

     Plaintiff, Charles Smith, by his attorneys, alleges upon

information and belief, except as to paragraph 1 which is alleged

upon personal knowledge, as follows:

                               T H E   P A R T I E S

     1 .      Plaintiff Charles Smith ("plaintiff") is the owner of

common      stock of  CareerBuilder,         Inc.        ("CareerBuilder"  or the

"Company") and has been the owner of such shares continuously since

prior to the wrongs complained of herein.

     2.       Defendant  CareerBuilder  is a corporation duly existing

and organized under the laws of the State of Delaware, with its

principal executive offices located at 19780 Parkridge Blvd., Suite

200, Reston, Virginia.       The Company provides online recruitment

offerings for  emp:Loyers and job seekers.                  The Company provides
employers with the ability to advertise job openings and manage

their online recruiting efforts on a network of integrated Internet
SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • Plaintiff, Charles Smith, by his attorneys, alleges upon
  • "Company") and has been the owner of such shares continuously since
  • Defendant CareerBuilder is a corporation duly existing
  • principal executive offices located at 19780 Parkridge Blvd., Suite
  • The Company provides online recruitment
  • Defendant Knight Ridder,
  • Internet subsidiary that offers a variety of online services.
  • leading media company with businesses in 23 major U.S. markets.
  • Defendant Robert J. McGovern is and at all
  • times relevant hereto has been President, Chief Executive Officer,
  • owns approximately 14% of the outstanding shares of the Company.
  • Officer and a director of CareerBuilder.
  • Defendants David C. Wetmore and Gary C. Butler are and at
  • all times relevant hereto have been directors of CareerBuilder.
  • collectively refer.red to herein as the "Individual Defendants."
  • The Class is so numerous that joinder of all members is
  • As of July 24, 2000, there were approximately 23.8 million shares of CareerBuilder common
  • agreed to the merger which will only serve to inhibit the
  • maximization of shareholder value.
  • plan and scheme or in breach of their fiduciary duties to
  • CareerBuilder shareholders will, if the transaction is
  • Defendants Knight Ridder and Tribune knowingly aided
  • purchase the Company at the lowest possible price.
  • the other members of the Class, and may consummate the proposed
  • Plaintiff and the Class have no adequate remedy at law.
  •    |