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KLUG v PEDERSEN Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,135, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: KLUG, State: DE Delaware, UniqueCaseRef: DE>CC>00018135, Mksp, Shares, Officer, Richmont, Rcpi, Marketing Specialists, Chief, Relevant Times, Common Stock, Executive Officer, Acquisition, Food, Consumer, Price, Merger, Proper, Damages, Adjudications, Injunctive Relief, President, Beneficial Owner, Outstanding Shares, Manufacturers, Shareholders , ContentID: 120240266

Case Documents
1 2000-07 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101038
7 pages
PDF
Total Documents: 1 document , 7 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
MKSP
PLAINTIFF
MEMBERS
SHARES
OFFICER
RICHMONT
RCPI
MARKETING SPECIALISTS
CHIEF
RELEVANT TIMES
COMMON STOCK
EXECUTIVE OFFICER
ACQUISITION
FOOD
CONSUMER
PRICE
MERGER
PROPER
DAMAGES
ADJUDICATIONS
INJUNCTIVE RELIEF
COURT
PRESIDENT
PARTNERS
BENEFICIAL OWNER
OUTSTANDING SHARES
LAW
MANUFACTURERS
SHAREHOLDERS
               IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
                                                                                                   
                                 IN AND FOR NEW CASTLE COUNTY

----------------------------------------------------------x
THOMAS  KLUG,  individually and                                :  C.A.No.  \{  i+-fl'j
on behalf of all others similarly situated,

                  Plaintiff,                                     CLASS ACTION COMPLAINT

         - against -

RONALD D. PEDERSEN, GERALD                                                                        :
                                                                                          :-  '
R. LEONARD, TIMOTHY M. BYRD,                                                              ;,.,     
JOHN P. ROCHON, NICK G.                                                                   _:       
BOURAS, EDWARD P. GRACE, III,                                                                      
                                                                                                   
MICHAEL J. MERRIMAN, JAMES A.                                                              ;
                                                                                                   
SCHLINDWEIN,  MARKETING                                                                            
SPECIALISTS CORPORATION,                                                                   I       
                                                                                                ( "
                                                                                                _ 
RICHMONT CAPITAL PARTNERS I,                                                                       
                                                                                                -5
L.P., and MS ACQUISITION LTD.                                                                      

                  Defendants.
-----------~------~----------------------------------------x

                                                INTRODUCTION

         Plaintiff alleges on information and belief, except for those allegations which pertain to

plaintiff which are alleged upon personal knowledge, as follows:

                                                  THE PARTIES

         1.       Plaintiff is and has been at all relevant times the owner of shares of the common

of Marketing Specialists Corporation ("MKSP" or "Company")

        2.        Defendant Ronald D. Pedersen ("Pedersen") is and was at all relevant times

and a director of MKSP. Pedersen formerly served as President, Chief Executive Officer and a

director of Richmont Marketing Specialists Inc. ("Richmont").

SNIPPETS:
  • - against Defendants.
  • Plaintiff alleges on information and belief, except for those allegations which pertain to
  • Plaintiff is and has been at all relevant times the owner of shares of the common stock
  • and a director of MKSP.
  • director of Richmont Marketing Specialists Inc..
  • Chief Executive Officer and a director of MKSP.
  • Defendant Timothy M. Byrd is and was at all relevant times Chief Financial
  • Treasurer and a director of Richmont and currently serves as Chief Financial Officer of
  • Rochon previously served as Vice President, Assistant Secretary and a director of
  • Defendant Richmont Capital Partners I, L.P., through its wholly owned
  • subsidiary, defendant MS Acquisition, Ltd., is the beneficial owner of approximately
  • MKSP is a food broker operating in the United States.
  • merchandising services to manufacturers of food and other consumer products.
  • The Individual Defendants, as officers and/or directors of Company, and RCPI, as
  • and candor to plaintiff and the other members of the Class.
  • YPlaintiff brings this action pursuant to Rule 23 of the Rules of the Court of Chancery,
  • the risk of inconsistent or varying adjudications with respect to individual members of the
  • the Company completed its merger with Richmont Marketing Specialists.
  • MKSP's outstanding shares not owned by RCPI for a price of $2.50 per share.
  • Company's public shareholders with impartiality and vigor.
  • Plaintiff and the other members of the Class have no adequate remedy at law.
  • Granting preliminary and permanent injunctive relief against consummation of the
  • Ordering defendants to pay to plaintiff and to other members of the Class all damages
  • F. Granting such other and further relief as may be just and proper.
  •    |