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MASSEO INVESTMENTS v CRAIG Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,089, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY IN THE STATE OF DELAWARE, Plaintiff: MASSEO INVESTMENTS, State: DE Delaware, UniqueCaseRef: DE>CC>00018089, Craig, Jenny Craig, Enterprises, Common Stock, Shares, Transaction, Sidney Craig, Sjf Enterprises, Laws, Relief, Price, Inadequate, Breach, Damages, Adjudications, Control, Unfair, Investment, Alleges, Weight Loss, Consumers, Delaware, Chairman, Directors, Fair Dealing, Outstanding , ContentID: 120240291

Case Documents
1 2000-06 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101078
8 pages
PDF
Total Documents: 1 document , 8 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
JENNY CRAIG
ENTERPRISES
PLAINTIFF
MEMBERS
COMMON STOCK
SHARES
TRANSACTION
SIDNEY CRAIG
SJF ENTERPRISES
LAWS
RELIEF
PRICE
INADEQUATE
BREACH
DAMAGES
ADJUDICATIONS
CONTROL
UNFAIR
INVESTMENT
ALLEGES
WEIGHT LOSS
CONSUMERS
DELAWARE
CHAIRMAN
DIRECTORS
FAIR DEALING
COURT
OUTSTANDING
                                                                              . * : ? `<. .I  ,I:`/
            IN THE COURT OF CHANCERY IN THE STATE OF DELAWARE                                      
                                                                                                  I
                       IN AND FOR NEW CASTLE COUNTY                                              I


MASSE0 INVESTMENTS, LTD.,                          Civil Action :No.r%$8 /\lG
                                                                                   ^
                            Plaintiff,                                              c :
                                                                                        . *
               -against-                                                                -e
                                                                                        e "
SIDNEY CRAIG; JENNY CRAIG;                         CLASS ACTION  GOMPLIAN!l!-
                                                                  --
SCOTT BICE; ROBERT WOLF; ANDREA L. :                                    -c              r-3
VAN DE KAMP; MARVIN SEARS;
CRAIG ENTERPRISES, INC.;
SJF ENTERPRISES, INC; and
JENNY CRAIG, INC.,

                            Defendants.


              Plaintiff alleges upon information and belief, except

for paragraph 1 hereof, which is alleged upon knowledge, as

follows:

                                     PARTIES

              1.    Plaintiff has been the owner of shares of the

common stock of Jennyy Craig, Inc. (the "Company") since prior to

the transaction  here-in complained of and continuously to date.

              2.    The Company provides weight loss programs to

consumers through a  (chain of weight loss centers, which the

Company owns and franchises.              As of May 31, 2000, the Company

owned 550 weight loss centers and had another 109 such centers

owned by franchisees.          The Company is duly organized and existing

under the laws of the State of Delaware.

SNIPPETS:
  • VAN DE KAMP; MARVIN SEARS; CRAIG ENTERPRISES,
  • Plaintiff alleges upon information and belief,
  • common stock of Jennyy Craig, Inc. since prior to
  • the transaction here-in complained of and continuously to date.
  • The Company provides weight loss programs to
  • consumers through a (chain of weight loss centers,
  • under the laws of the State of Delaware.
  • Company's Board of Directors and the Company's Chief Executive
  • Defendant Jenny Craig is the Vice Chairman of the
  • All 87,820 shares of Craig Enterprises are owned by
  • Defendants Sidney Craig and Jenny Craig.
  • Defendant SJF Enterprises, Inc. ("SJF
  • owe them the highest obligations of good faith and fair dealing.
  • pursuant to Rule 23 of the Rules of the Court
  • members is impracticable.
  • constitutes a breach of the duty of fair dealing with
  • whether the class is entitled to injunctive relief or damages
  • varying adjudications with respect to individual members of the
  • appropriate injunctive relief and/or corresponding declaratory
  • approximately 67% of the outstanding common stock of Jenny Craig,
  • followed by a back-end merger for the same price.
  • Inc.'s public shareholders and represents inadequate
  • two individuals aILso control, and wholly own, Craig Enterprises,
  • and will receive in return for their investment inadequate
  • an unfair transaction by virtue of the unfair dealing complained
  •    |