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1
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COMPLAINT
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EXTRACTED KEY WORDS
PLAINTIFF DEFENDANTS MEMBERS PUBLIC SHAREHOLDERS COMMON STOCK AFFILIATES COURT LAW DUTIES DIRECTORS BREACHING PROPOSED BUYOUT ADEQUATE DAMAGES RELIEF PRICE ACTING PETER SHARES CONSUMER OUTSTANDING COMMON STOCK FAITH DEALING LOYALTY CARE INDIVIDUAL DEFENDANTS PUBLIC STOCKHOLDERS ALLEGATIONS PROPER |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
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EDWARD LYND, :: Civil Action No.
Plaintiff, :
V. :.
PETER B. CHERRY, ALFRED S. :
BUDNICK, DR. THOMAS L. MARTIN, :
JR, ROBERT B. MCDERMOTT, PETER :
A. GUGLIELMI, CHARLES W. DENNY, :
W. ED TYLER, HENRY J. WEST, and :
THE CHERRY CORPORATION :
Defendants. :
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COMPLAINT
Plaintiff alleges upon information and belief, except as to
paragraph 1 which is alleged upon personal knowledge, as follows:
THE PARTIES
1. Plaintiff is the owner of shares of the common stock of
The Cherry Corporation ("Cherry" or the "Company") and has been the
owner of such shares continuously since prior to the wrongs
complained of herein.
2. Cherry is a corporation duly existing and organized under
the laws of the State of Delaware. Cherry manufactures proprietary
and customer electrical switches, sensors, electronic keyboards and
controls, and semiconductors. The Company sells its products to
the worldwide automotive, computer, and consumer and commercial
markets.
3. Defendant Peter B. Cherry ("P. Cherry") is and at all
times relevant hereto has been President and Chairman of the Board
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