 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
RGC SABA TERM SHEET COURT ATTORNEYS DEFENDANTS PARTIES AGREEMENT MERGER GREKA STOCK NOTE EXCHANGE PREFERRED SHARES PROVISION FAITH NEGOTIATIONS GREKA ENERGY CORPORATION PLAINTIFF OBLIGATION CONVERSION TRANSACTION NEGOTIATE PRINCIPAL AMOUNT DEFINITIVE DOCUMENTATION COMMON STOCK CONSUMMATE STAHLECKER LITIGATION PROMISSORY ESTOPPEL OPTION AGREEMENT |
ORIGINAL
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC )
Plaintiff, i
V. i Civil Action No. 17674
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY f/k/a HVI I
ACQUISITION CORPORATION, RANDEEP S. ) [T!;:;i
GREWAL, WILLIAM N. HAGLER, `:=i;;g
DR. CHARLES A. KOHLHAAS, ALEX S. i I;`:;r>:>
CATHCART AND DR. JAN F. HOLTROP,
Defendants.
MEMORANDUM OPINION
Date Submitted: July 12,200 1
Date Decided: August 22, 2001
Martin S. Lessner, C. Barr Flinn, and John J. Paschetto, Esquires, of YOUNG
CONAWAY STARGATT & TAYLOR, Wilmington, Delaware; OF COUNSEL:
Michael R. Klein, Robert F. Hoyt, and Christopher A. Wilber, Esquires, of
WILMER, CUTLER & PICKERING, Washington, D.C., Attorneys for Plaintiff.
Edward P. Welch, Edward B. Micheletti, Lorin M. Hochman, Esquires, of
SKADDEN, ARPS, SLATE, MEAGHER & FLOM, Wilmington, Delaware; OF
COUNSEL: Marco E. Schnabl, William J. Hine, and William J. O'Brien, III and
Mark Lebovitch, Esquires, of SKADDEN, ARPS, SLATE, MEAGHER & FLOM,
New York, New York; Attorneys for Defendants Greka Energy Corporation, Saba
Petroleum Company, Randeep S. Grewal, William N. Hagler, Alex S. Cathcart and
Dr. Jan F. Holtrop.
Dr. Charles A. Kohlhaas, Pro Se Defendant.
STRINE, Vice Chancellor
Plaintiff RGC International Investors, LDC ("RGC") brings this
action against defendants Greka Energy Corporation ("Greka"), Saba
Petroleum Corporation ("New Saba"), and certain individual defendants
SNIPPETS:
|
|
2
.
PLAINTIFFS REPLY POST-TRIAL BRIEF
|
EXTRACTED KEY WORDS
COURT GREKA TRANSACTION FAITH SELLING NEGOTIATE ATTORNEYS RGC PLAINTIFF DEFENDANTS DAB BREACH CONSUMMATE NOTE EXCHANGE DEL POB PROVISION AGREEMENT ENFORCEABILITY EXPEDITED MANNER CONTEMPLATED TERM SHEET TESTIMONY PROMISSORY ESTOPPEL LITIGATION COMMITMENT LETTER LEXIS DEFINITIVE DOCUMENTATION ACQUISITION PRELIMINARYSTATEMENT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
Plaintiff, 1
V. 1 C.A. No. 17674-NC
GREKA ENERGY CORPORATION, SABA i -_
PETROLEUM COMPANY f/k/a HVI i..
> .,
ACQUISITION CORPORATION, RANDEEP S. )
GREWAL, WILLIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALEX S. ,'
CATHCART, and DR. JAN F. HOLTROP, -7
I
Defendants. > ., r
--
-.
PLAINTIFF'S REPLY POST-TRIAL BRIEF
YOUNG CONAWAY STARGATT & TAYLOR, LLP
Martin S. Lessner
C. Barr Flinn
John J. Paschetto
1 lth Floor, Rodney Square North
Wilmington, Delaware 19899-039 1
(302) 571-6698
OF COUNSEL:
Attorneys for Plaintiff
Michael R. Klein
Robert F. Hoyt
Christopher A. Wilber
WILMER, CUTLER & PICKERING
2445 M Street, N.W.
Washington, D.C. 20037-1420
(202) 663-6000
Dated: June 15,2001
WP3 : 643934. 1
SNIPPETS:
|
|
3
.
PLAINTIFFS OPENING POST-TRIAL BRIEF
|
EXTRACTED KEY WORDS
RGC TERM SHEET SABA NOTE EXCHANGE NEGOTIATE COURT ATTORNEYS CONSUMMATE DAVIDSON STAHLECKER STOCK DEAL KILLER FAITH PLAINTIFF MERGER AGREEMENT DEFINITIVE DOCUMENTATION ACQUISITION NEGOTIATIONS DEFENDANTS TERM SHEET TRANSACTION PROVISION GREKA ENERGY CORPORATION OBLIGATIONS CONVERTIBLE NOTE SECURED CONVERTIBLE NOTE COMMON STOCK GREKA BREACHES MARKET ACTIVITY |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
Plaintiff,
V. C.A. No. 17674-NC
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY f/k/a HVI >
ACQUISITION CORPORATION, RANDEEP S. )
GREWAL, WILLIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALEX S. ;
CATHCART, and DR. JAN F. HOLTROP,
;
Defendants. >
PLAINTIFF'S OPENING POST-TRIAL BRIEF
YOUNG CONAWAY STARGATT & TAYLOR, LLP
Martin S. Lessner
C. Barr Flinn
John J. Paschetto
1 lth Floor, Rodney Square North
Wilmington, Delaware 19899-0391
(302) 571-6698
OF COUNSEL:
Attorneys for Plaintiff
Michael R. Klein
Robert F. Hoyt
Christopher A. Wilber
WILMER, CUTLER & PICKERING
2445 M Street, N.W.
Washington, D.C. 20037-1420
(202) 663-6000
Dated: May 16, 2001
WP3 628856. 1 55720.1001
SNIPPETS:
|
|
4
.
PLAINTIFFS MEMORANDUM OF LAW IN SUPPORT OF MOTION FOR EQUITABLE LIEN
|
EXTRACTED KEY WORDS
DEFENDANTS DEL RGC COURT PLAINTIFF LAW DELAWARE MOTION PAY PROFESSED ABILITY TERM SHEET SECURITY CHANCERY MICHAEL BRANCA PRELIMINARY RELIEF OBLIGATION MEMORANDUM AGREEMENT NATIONAL BANK WILMER PICKERING WASHINGTON EQUITABLE-LIEN ANALYSIS CASTELLI WALTON LAKE COUNTRY LAKE COUNTRY CLUB CAPITAL ASSOCS PARTNERSHIP |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
>
Plaintiff,
1
V. > CA. No. 17674-NC
GREKA ENERGY CORPORATION, SABA ;
PETROLEUM COMPANY E/k/a HVI >
ACQUISITION CORPORATION, RANDEEP S. ) c -.
-
GREWAL, WILLIAM N. HAGLER, DR. > i, /
r-`; > _. _
CHARLES A. KOHLHAAS, ALEX S. : I'>: : 7
: 1
CATHCART, and DR. JAN F. HOLTROP, I(,
`.I: t >r-1
< 3
.
: :
Defendants
PLAINTIFF'S MEMORANDUM OF LAW IN SUPPORT
OF ITS MOTION FOR AN EQUITABLE LIEN.
YOUNG CONAWAY STARGATT &: TAYLOR, LLP
Martin S. Lessner
C. Barr Flinn
John J. Paschetto
1 Ith Floor, Rodney Square North
Wilmington, Delaware 19899-0391
(302) 571-6698
Attorneys for Plaintiff
OF COUNSEL:
Michael R. Klein
Robert F. Hoyt
Christopher A. Wilber
WILMER, CUT-LER & PICKERING
2445 M Street, N.W.
Washington, D.C. 20037-1420
(202) 663-6000
SNIPPETS:
|
|
5
.
MEMORANDUM IN OPPOSITION TO PLAINTIFFS MOTION FOR EQUITABLE LIEN
|
EXTRACTED KEY WORDS
GREKA COURT PLAINTIFF DEFENDANTS RGC DEL TERM SHEET SECURITY MOTION SABA TIMES SQUARE YORK CORN REQUEST GREKA ENERGY CORPORATION MEMORANDUM EVIDENCE PROVISION JUDGEMENT AGREEMENT INTENTION DISCOVERY TESTIMONY AUTHORITIES DEPOSITION ROGER DAVIDSON TRANSACTION OBLIGATION LANGUAGE |
C)RlGtNAL,
IN TH:E COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY j : ?! `, fiI
RGC INTERNATIONAL INVESTORS, LDC, : .`, _. : __ -. ._ ,:`i` I
Plaintiff,
V .
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY f/k/a HVI Civil Action No. 17674-NC
ACQUISITION CORPORATION, RANDEEP S. :
GREWAL, WILLIAM N. HAGLER., DR.
CHARLES A.. KOHLHAAS, ALEX. S
CATHCART and DR. JAN F. HOLTROP,
Defendants.
MEMORANDUM
IN OPPOSITION TO
PLAINTIFF'S MOTION FOR AN EQUITABLE LIEN
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM L,LP
One Rodney Square
P.O. Box 634
Wilmington, Delaware 19899-0636
(302) 651-3000
Of the New York Bar: Attorneys for Defendants Greka Energy
Corporation, Saba Petroleum Company,
SKADDEN, ARPS, SLATE, Randeep S. Grewal, William N. Hagler,
MEAGHER & FLOM LLP Alex S. Cathcart and Dr. :[an F. Holtrop
4 Times Square
New York, New York 10036-6522
(212) 735-3000
DATED: April 17,200l
m>LE OF CONTENTS
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i
SNIPPETS:
|
|
6
.
PRE-TRIAL BRIEF OF GREKA ENERGY AND SABA PETROLEUM
|
EXTRACTED KEY WORDS
SABA PROVISION GREKA TERM SHEET REPRESENTATIONS COURT CONFESSED JUDGMENT FAITH TRANSACTION PARTIES SELLING AGREEMENT CONTEMPLATES DEL MERGER PREPAYMENT PREFERRED STOCK MARKET MANIPULATION NEGOTIATIONS NEGOTIATE INVESTMENT DEFINITIVE DOCUMENTATION SECURED CREDITORS STAHLECKER INVESTORS HVI OBLIGATION ENFORCEABLE CONTRACT BANKRUPTCY |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC,
Plaintiff,
V.
GREKA ENERGY CORPORATION, SABA Civil Action No. 17674-NC ` '
PETROLEUM COMPANY f/k/a HVI
ACQUISITION CORPORATION, RANDEEP S.
GREWAL, WILLIAM N. HAGLER, DR. CHARLES A.
KOHLHAAS, ALEX S.
CATHCART and DR. JAN F. HOLTROP,
Defendants.
PRE-TRIAL BRIEF OF DEFENDANTS GREKA
ENERGY CORPORATION AND SABA PETROLEUM COME'
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
Post OfFice Box 636
Wilmington, Delaware 19899-0636
(302) 651-3000
Attorneys for Defendants Greka Energy
Corporation, Saba Petroleum Company, Randeep
S. Grewal, William N. Hagler, Alex S. Cathcart
and Dr. Jan F. Holtrop
Dated: April 16,200l
.- _ _,__~__.
SNIPPETS:
|
|
7
.
JOINT PRETRIAL ORDER
|
EXTRACTED KEY WORDS
TERM SHEET DEFENDANTS COURT GREKA EQUITABLE LIENS PLAINTIFF PARTIES PURSUANT EXCHANGE AMOUNT SABA DOCUMENTATION PREFERRED STOCK ATTORNEY FEE ENFORCE EXHIBITS PROVISION ENTITLEMENT JUDGEMENT AGREEMENT INTEND SALES MOTION DEFINITIVE DOCUMENTATION CHANCERY MERGER SUBSEQUENT CONTEMPLATE TRANSACTION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
Plaintiff,
V. C.A. No. 17674-NC
> 7)
GREKA ENERGY CORPORATION, SABA c&y 22
PETROLEUM COMPANY f/k/a HVI i ?TZ z XT
.
"`_--/
ACQUISITlON CORPORATION, RANDEEP S. ) ;.
is
GREWAL, WlLLIAM N. HAGLER, DR. > &
s :
CHARLES A. KOHLHAAS, ALEX S. - ,-+I -3
CATHCART, and DR. JAN F. HOLTROP, i-`~
i -,, --
:\> I -4
v\..
Defendants. 2:' r-2
- 2, 6)
i
JOINT PRETRIAL ORDER
1. NATURE OF THIS ACTION
The trial in this action involves a dispute between an owner of preferred
stock, plaintiff RGC International Investors, LDC ("RGC") and defendants Greka Energy
Corporation ("Greka") and its wholly owned subsidiary Saba Petroleum Corporation
("Saba") (together "defendants").
The Court is familiar with the chronology of events and the disputed areas
between the parties, having heard oral argument on four substantive motions and issued
detailed memorandum opinions dated November 6, 2000, and March 7, 200 1.
A. Plaintiffs Statement of the Nature of the Case
SNIPPETS:
|
|
8
.
BRIEF OF GREKA ENERGY AND SABA PETROLEUM IN OPPOSITION TO MOTION IN LIMINE
|
EXTRACTED KEY WORDS
PLAINTIFF COURT DISCOVERY SABA MOTION GREKA INTERROGATORIES TERM SHEET RGC COMPEL LIMINE EQUITABLE REMEDY ACCOUNTING DEL CHANCERY PETROLEUM COMPANY RELIANCE DAMAGES PRODUCTION CORRESPONDENCE CONTENTION INTERROGATORIES CROSS-MOTION INVESTMENT RESPONSES DEFINITIVE DOCUMENTATION SUBSTANTIVE TERMS GREKA ENERGY RESPECTING PROMISSORY ESTOPPEL PREFERRED SHARES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE 2
IN AND FOR N:EW CASTLE COUNTY 52;:s
z-2-- ;cI "
I... i
i':, I _.>
RGC INTERNATIONAL INVESTORS, LDC, : -- G-
7'7: "0
p, -s
Plaintiff, "V`:. cn
T:. .*
">i.
V.
GREKA ENERGY CORPORATION, SABA : Civil Action No. 17674-NC
PETROLEUM COMPANY f/k/a HVI
ACQUISITION CORPORATION, RANDEEP :
S. GREWAL, WILLIAM N. HAGLER, DR. :
CHARLES A. KOHLHAAS, ALEX S.
CATHCART and DR. JAN F. HOLTROP, :
Defendants.
BRIEF OF DEFENDANTS GREKA ENERGY
CORPORATION AND SABA PETROLEUM COMPANY IN OPPOSITION
TO PLAINTIFF'S MOTION IN LIMINE
AND
IN SUPPORT OF DEFENDANTS' CROSS-MOTION
TO COMPEL THE PRODUCTION OF CERTAIN
ACCOUNTING RECORDS AND CORRESPONDENCE
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
Post Office Box 636
Wilmington, Delaware 19899-0636
(302) 6.51-3000
Attorneys for Defendants Greka Energy
Corporation, Saba Petroleum Company,
Randeep S. Grewal, William N. Hagler,
Alex S. Cathcart and Dr. Jan F. Holtrop
Dated: April 4, 200 1
TABLE OF CONTENTS
SNIPPETS:
|
|
9
.
MEMORANDUM OPINION
|
EXTRACTED KEY WORDS
SABA COURT RGC TERM SHEET PRICE COMMON STOCK DELAWARE COUNTERCLAIMS SHARES LAW NOTE EXCHANGE MARKET MANIPULATION DEFENDANTS GREKA SPA SECURITIES SABA PETROLEUM COMPANY CERTIFICATE DESIGNATIONS AGREEMENT GREKA ENERGY CORPORATION PLAINTIFF CONSUMMATE PRE-TERM SHEET CONVERSION PRICE UNCLEAN HANDS GREKA ENERGY FLOORLESS CONVERTIBLES AFFIDAVIT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC ))
Plaintiff, ))
V. ) Civil Action No. 17674
)
GREKA ENERGY CORPORATION, SABA )
PETROLEUM COMPANY E/k/a HVI )
ACQUISITION CORPORATION, RANDEEP S. )
GREWAL, WILLIAM N. HAGLER, )
DR. CHARLES A. KOHLHAAS, ALEX S. )
CATHCART AND DR. JAN F. HOLTROP, ))
Defendants. )
MEMORANDUM OPINION
Date Submitted: February 27, 200l
Date Decided: March 7, 200l
Martin S. Lessner, C. Barr Flinn, and John J. Paschetto, Esquires, of YOUNG
CONAWAY STARGATT & TAYLOR, Wilmington, Delaware; OF COUNSEL:
Michael R. Klein,. Robert F. Hoyt, and Christopher A. Wilber, Esquires, of
WILMER, CUTLER & PICKERING, Washington, D.C., Attorneys for Plaintiff.
Edward P. Welch, Lorin M. Ho&man, Andrew J. Turezyn, and Rosemary S.
Goodier, Esquires, of SKADDEN, ARPS, SLATE, MEAGHER & FLOM,
Wilmington, Delaware; OF COUNSEL: Marco E. Schnabl, William J. Hine, and
William J. O'Brien and Mark Lebovitch, Esquires, of SKADDEN, ARPS, SLATE,
MEAGHER & FLOM, New York, New York; Attorneys for Defendants Greka
Energy Corporation, Saba Petroleum Company, Randeep S. Grewal, William N.
Hagler, Alex S. Cathcart and Dr. Jan F. Holtrop.
Dr. Charles A. Kohlhaas, Pro Se Defendant.
STRINE, Vice Chancellor
Plaintiff RGC International Investors, LDC ("RGC") moves to
dismiss counterclaims asserted by defendants Greka Energy Corporation and
Saba Petroleum Company. I The counterclaims all have as their foundation
the allegation that RGC engaged in a purposeful plan to drive down the
SNIPPETS:
|
|
10
.
PLAINTIFFS REPLY BRIEF
|
EXTRACTED KEY WORDS
COUNTERCLAIMS LAW COURT SHEET SECURITIES GREKA MARKET MANIPULATION SABA DEFENSES SANCTIONS DAB PRE-TERM SHEET TERM SHEET RGC DELAWARE AFFIRMATIVE DEFENSES PLAINTIFFS UNCLEAN HANDS FEDERAL SECURITIES LAW PRE-TERM SHEET RIGHTS LEXIS DEFENDANTS ESSENTIALLY CONCEDE STOCK EXCHANGE FIDUCIARY DUTY POB ALLEGATION STATUTORY SECURITIES GLOBAL INTELLICOM SPA |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
>
Plaintiff, >
V . i CA. No. 1767&C
> ,: I
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY E/k/a HVI i
ACQUISITLON CORPORATION, RANDEEP S. )
GREWAL, WILILIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALEX S. ; : `; )
CATHCART, and DR. JAN F. HOLTROP, ) -2:.
Defendants.
PLAINTIFF'S REPLY BRIEF IN SUPPORT OF ITS MOTION TO DISMISS
COUNTERCLAIMS AND STRlKE AFFIRMATIVE DEFENSES
YOUNG CONAWAY STARGATT & TAYLOR, LLP
Martin S. Lessner
C. Barr Flinn
John J. Paschetto
1 lth Floor, Rodney Square North
Wilmington, Delaware 19899-0391
(302) 571-6698
Attorneys for Plaintiff
OF COUNSEL:
Michael R. Klein
Robert F. Hoyt
Christopher A. Wilber
WILMER, CUTLER & PICKERING
2445 M Street, N.W.
Washington, D.C. 20037-1420
(202) 663-6000
Dated: February 16, 2001
WP3:601196
1 55720.1001
SNIPPETS:
|
|
11
.
ANSWERING BRIEF OF GREKA ENERGY AND SABA PETROLEUM IN OPPOSITION TO MOTION TO DISMISS
|
EXTRACTED KEY WORDS
COURT SABA COUNTERCLAIMS GREKA UNCLEAN HANDS DOCTRINE RGC DEL DEFENSE STANDING LAW DELAWARE FACTS PLAINTIFF TERM SHEET STATED VIABLE COUNTERCLAIMS COMMON STOCK UNJUST ENRICHMENT PREDATORY STOCK PRICE FEDERAL SECURITIES LAWS AFFIRMATIVE DEFENSES PRELIMINARY STATEMENT PROMISSORY ESTOPPEL SECURITIES LAWS LIMITATIONS MARKET MANIPULATION REPRESENTATION GREWAL AFF |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, :
Plaintiff, ORIGINAL
V.
GREKA ENERGY CORPORATION, SABA :
PETROLEUM COMPANY f/k/a HVI Civil Action No. 17674-NC
ACQUISITION CORPORATION, RANDEEP S. :
GREWAL, WILLIAM N. HAGLER, DR.
CHARLES A, KOHLHAAS , ALEX S
CATHCART and DR. JAN F. HOLTROP, :
Defendants.
ANSWERING BRIEF OF DEFENDANTS GREKA
ENERGY CORPORATION AND SABA PETROLEUM COMPANY
IN OPPOSITION TO PLAINTIFF'S MOTION TO DISMISS
COUNTERCLAIMS AND STRIKE AFFIRMATIVE DEFENSES
SKADDEN, ARPS, SLATE, 72 c3
gy; -
MEAGHER & FLOM LLP t;?i- 2 c...ai -
One Rodney Square w Jf
;.
Post Office Box 636 --<2. & I`_>
Wilmington, Delaware 19899-0636
ii, 2 :.I:
(302) 65 I-3000 -:,:
:n : <.p ' --j
"< i
Attorneys for Defendants Greka Energy;
Corporation, Saba Petroleum Company,
Randeep S. Grewal, William N. Hagler,
Alex S. Cathcart and Dr. Jan F. Holtrop
Dated: February 2,200l
TABLE OF CONTENTS
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . . . . . i
SUMMARY OF ARGUMENT AND PRELIMINARY STATEMENT . . . . . . . . . 1
COUNTERSTATEMENT OF FACTS ALLEGED . . . . . . . . . . . . . . . . . . . . . .5
SNIPPETS:
|
|
12
.
PLAINTIFFS OPENING BRIEF IN SUPPORT OF MOTION TO DISMISS COUNTERCLAIMS AND STRIKE AFFIRMATIVE DEFENSES
|
EXTRACTED KEY WORDS
COUNTERCLAIMS COURT LAW DEL RGC MARKET MANIPULATION FACTS TERM SHEET SABA STOCK GREKA SELLING PRICE LEXIS CHANCERY SECURITIES ALLEGATION PRE-TERM SHEET PREFERRED STOCK PLAINTIFF SHAREHOLDERS AGREEMENT AFFIRMATIVE DEFENSES COMMON STOCK MEDICAL FINANCIAL SERVICES FACTUAL ALLEGATIONS ACQUISITION PURCHASER LOSS CAUSATION |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
Plaintiff, ;
V. i C.A. No. 17674-NC
GREKA ENERGY CORPORATION, SABA ;
PETROLEUM COMPANY f/k/a HVI >
ACQUISITION CORPORATION, RANDEEP S. )
GREWAL, WILLIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALEX S. i
CATHCART, and DR. JAN F. HOLTROP,
Defendants.
PLAINTIFF'S OPENING BRIEF IN SUPPORT OF ITS MOTION TO DISMISS
COUNTERCLAIMS AND STRIKE AFFIRMATIVE DEFENSES
YOUNG CONAWAY STARGATT & TAYLOR, LLP
Martin S. Lessner
John J. Paschetto
11 th Floor, Rodney Square North
Wilmington, Delaware 19899-0391
(302) 57 l-6698
OF COUNSEL: Attorneys for Plaintiff
Michael R. Klein
Robert F. Hoyt
Christopher A. Wilber
WILMER, CUTLER & PICKERING
2445 M Street, N.W.
Washington, D.C. 20037-1420
(202) 663-6000
Dated: January 12,200l
WP3:586645.1 55720.1001
SNIPPETS:
|
|
13
.
REPLY TO COUNTERCLAIMS NOT SUBJECT TO PLAINTIFFS MOTION TO DISMISS
|
EXTRACTED KEY WORDS
ALLEGATIONS PARAGRAPH COUNTERCLAIM SABA GREKA ADMITS RGC DENIES TERM SHEET ENTIRETY RELIEF DEFENDANTS INSOFAR PURPORT EVIDENCE RGC REFERS STATED THEREIN DISMISS JOINT PROXY COURT MERGER PROXY STATEMENT DOCTRINE BARS DEFENDANTS RESPONSE THIRD SENTENCE REDEMPTION NOTICE ESQUIRE PENDING MOTION NEGOTIATIONS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN MUD FOR NEW CASTLE coubm
RGC INTERNATIONAL PJVESTORS, LDO, )
Plaintiff, 1
v. 1 C.A. No. 17674-NC
GREKA ENERGY CORPORATION, SABA i
PETROLEUM COMPANY f/k/a HVI >
ACQUISITION COR.PORATION, RANDEEP S. )
GREWAL; WILLIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALEX S. ;
CIZTHCART, and DR. JAN F. HOLTROP,
!,
Defendants. >
REPLY TO COUNTERCLAIMS NOT SUBJECT TO
~LNTLFF'S blOTION TO DISMliSS
Pursuant to Chancery Court Rule 12(a), plaintiff and counterclaim defendant RGC
International Investors, LDC ("RGC"), by it's undersigned attorneys, hereby replies as follows
to the Counterclaim Complaint of defendants Greka Energy Corporation ("Greka") and Saba
Petroleum Company, f/k/a HVI Acquisition ,Company ("Saba"). Specifically, RGC replies to
the allegations and counterclaims asserted in the Counterclairr. Complaint insofar as they are
not subject to RGC's pending Motion to Dismiss Counterclaims and Strike Affirmative
Defenses, by which RGC seeks an order dismissing counterclaims Second through Ninth.
1 RGC denies the allegations in the first sentence of paragraph 1, except RGC
admits that it is a Cayman Islands limited duration company. `The remaining allegations of
paragr-aph I are admitted
WP3.579231 2 557%9
SNIPPETS:
|
|
14
.
VERIFIED ANSWER AND COUNTERCLAIM COMPLAINT OF GREKA ENERGY AND SABA PETROLEUM IN RESPONSE TO COMPLAINT
|
EXTRACTED KEY WORDS
RGC STOCK PARAGRAPH GREKA PREFERREDS DENY COURT DEFENDANTS AGREEMENT PLAINTIFFS COMPLAINT ADMIT COMMON STOCK REFER SHARES COUNTERCLAIM COMPLAINT TERM SHEET CONVERTIBILITY VERIFIED COMPLAINT CONVERSION PETROLEUM COMPANY RGC INTERNATIONAL INVESTORS STOCK TRANSFER AGREEMENT SHAREHOLDERS TERMS THEREOF SABA CERTIFICATE MARKET MANIPULATION ACQUISITION CORPORATION GREKA ENERGY |
IN THE COURT OF CHANCEIRY OF THE STATE QF DELAWARE.
IN AND FOR NEW CASTLE COUNTY
RGC lNTERNATIONAL INVESTORS, LDC, :
Plaintiff,
V.
GREKA ENERGY CORPORATION, SABA :
PETROLEUM COMPANY E/k/a HVI Civil Action No. 17674-NC
ACQUISITION CORPORATION, RANDEEP S. :
GREWAL, WILLIAM N. HAGLER, DR. :
CHARLES A. KOHLHAAS, ALEX S.
CATH[CART and DR. JAN F. HOLTROP,
Defendants.
VERIFIED ANSWER AND COUNTERCLAIM COMPLAINT
OF DEFENDANTS GREKA ENERGY CORPORATION AND SABA
PETROLEUM COMPANY IN RESPONSE TO PLAINTIFF'S
SECOND AMENDED AND VERIFIED COMPLAINT
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
Post Office Box 636
Wilmington, Delaware 19899-0636
(302) 651-3000
Attorneys for Defendants-Counterclaim
Plaintiffs Greka Energy Corporation and
Saba Petroleum Company
Dated: November 29,200O
VERIFIED ANSWER
Defendants Greka Energy Corporation ("Greka")' and Saba Petroleum
Company ("Saba")2 (collectively, "Defendants"), by and through their attorneys, Skadden,
SNIPPETS:
|
|
15
.
SECOND AMENDED AND VERIFIED COMPLAINT
|
EXTRACTED KEY WORDS
SABA STOCK MERGER GREKA RIGHTS PLAINTIFF SECURITIES PREFERRED STOCKHOLDER PROVISIONS SHARES DEFENDANTS RGC COMPLAINT TERM SHEET AGREEMENT PARAGRAPHS ACQUISITION CORPORATION REDEMPTION RIGHTS COMMON STOCK SABA PETROLEUM COMPANY CONVERSION CERTIFICATE FULLY SET PURCHASE AGREEMENT TRANSACTION DESIGNATIONS OBLIGATIONS ATTORNEYS HORIZONTAL VENTURES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
Plaintiff,
V. CA. No. 17674-NC
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY f/Ma HVI i
ACQUISITION CORPORATION, RANDEEP S. )
GREWAL, WILLIAM N. HAGLER, DR. >
CHARLES A. KOHLHAAS, ALEX S.
CATHCART, and DR. J.AN F. HOLTROP, ;
Defendants.
SECOND_iiMENDED AND VERIFIED COMPLAINT1
Plaintiff, by its undersigned attorneys, alleges and states as follows:
NATURE OF THIS ACTION
1. This action, brought by a preferred stockholder of a Delaware corporation,
Saba Petroleum Company ("Saba"), presents an unusual twist on the issues commonly
raised by preferred stockholders who complain they have been mistreated in a merger.
Here, the preferred stockholder plaintiff has literally been given nothing: no vote on the
merger, no stock in the acquiring corporation, no cash, no securities or notes or warrants,
no provisions for protecting its rights in the charter of the acquiring company. This
`This Second Amended and Verified Complaint, filed at the direction of the Court
in its opinion dated November 6,2000, differs from the Amended Complaint filed on
March 10,2000, in that (1) Counts X through XV, and paragraphs L through N of the
Prayers, have been added; (2) former paragraph L of the Prayers is now paragraph 0; and
(3) this Complaint has been verified.
SNIPPETS:
|
|
16
.
PLAINTIFFS OPENING BRIEF IN SUPPORT OF ITS MOTION FOR PARTIAL SUMMARY JUDGEMENT
|
EXTRACTED KEY WORDS
RGC GREKA PLAINTIFF AMENDED COMPLAINT PREFERRED STOCK MOTION FACTS MERGER JUDGEMENT TERM SHEET SABA AGREEMENT RIGHTS DEL CONSUMMATE PROVISIONS PREFERRED STOCKHOLDERS OBLIGATIONS REDEMPTION RIGHTS FIDUCIARY DUTY PARTIAL SUMMARY JUDGMENT LESSNER AFF CORPORATE EXISTENCE SECURITIES PURCHASE AGREEMENT TRANSACTION CERTIFICATE SHAREHOLDERS DEFENDANTS ARGUE ENFORCEABLE AGREEMENT |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ,
IN AND FOR NE`W CASTLE COUNTY
RGC INTERNATIONAL INVESTGRS, L.DC,
i
Plaintiff,
;
V. C.A. No. 17674-NC
i
GREKA ENERGY CORPORATION, SAIBA
PETROLEIJM COMPANY f/k/a HVI 1
ACQIJSITION CORPORATION, RANDEEP S. )
GREWAL, WILLIAM N. HAGLER, DR.
CHAFU,ES A. KOHLHAAS, ALEX S. i
CATHCART, and DR. JAN F. HOLTROP,
i
Defendants. 1
PLAINTIFF'S OPENING BRIEF IN SUPPORT OF ITS MOTION FOR PARTIAL
SIJMMARY JUDGMENT ON COUNT VI OF THE AMENDED COMPLAINT
OR, ALTERNATIVEL,Y, COUNT IX OF THE AMENDED COMPLAINT
AND
ANSWERING BRIEF
IN OPPOSITION TO DEFENDANTS' MOTION
TODISMISS THE A.MENDED COMPLAINT
YOUNG CONAWAY STARGATT & TAYLOR, LLP
James P. Hughes, Jr.
Martin S. Lessner
11 th Floor, Rodney Square North
Wilmington Delaware 19899-0391
(302) 571-6692
OF COUNSEL: Attorneys for Plaintiff
Michael R. Klein
Robert F. Hoyt
Christopher A. Wilber
WILh4 ER, CUTLER & PICKERING
2445 t\/l Street, N.W.
Washington, D.C. 20037-1420
(202) 663-6000
Dated: August 8, 2000
WP3 : 52~3522
1 55720 1001
SNIPPETS:
|
|
17
.
REVISED OPENING BRIEF ...
|
EXTRACTED KEY WORDS
GREKA PLAINTIFF RGC DEFENDANTS MERGER AMENDED COMPLAINT RIGHTS COURT FACTS DEL DELAWARE MOTION TERM SHEET SHARES CERTIFICATE SABA PETROLEUM COMPANY SHAREHOLDERS DESIGNATION FIDUCIARY DUTY COMMON STOCK REDEMPTION GOODIER AFF OBLIGATIONS CONVERSION PROVISIONS TRANSACTION VOTING RIGHTS RESCISSION RGC INTERNATIONAL INVESTORS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC,
Plaintiff,
V. f, I:
GREKA ENERGY CORPORATION, SABA -i
PETROLEUM COMPANY f/k/a HVI Civil Action No. 17674-NC :
ACQUISITION CORPORATION, RANDEEP S. : ,'
GREWAL, WILLIAM N. HAGLER, DR. CHARLES __..
: '
A. KOHLHAAS, ALEX S. CATHCART and DR.
JAN F. HOLTROP,
Defendants.
REVISED OPENING BRIEF OF DEFENDANTS GREKA
ENERGY CORPORATION, SABA PETROLEUM COMPANY,
RANDEEP S. GREWAL, WILLIAM N. HAGLER, ALEX S.
CATHCART AND DR. JAN F. HOLTROP IN SUPPORT OF
THEIR JOINT MOTION TO DISMISS THE AMENDED COMPLAINT
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
Post Office Box 636
Wilmington, Delaware 19899-0636
(302) 651-3000
Attorneys for Defendants Greka Energy
Corporation, Saba Petroleum Company,
Randeep S. Grewal, William N. Hagler, Alex S.
Cathcart and Dr. Jan F. Holtrop
Dated: July 5,200O
TABLE OF CONTENTS
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
|
|
18
.
REPLY MEMORANDUM IN FURTHER SUPPORT OF DEFENDANTS MOTION TO STAY DISCOVERY
|
EXTRACTED KEY WORDS
PLAINTIFF DISCOVERY DEFENDANTS COURT AMENDED COMPLAINT DISMISS ADJUDICATING SUPPORT DEL DELAY SABA SUMMARY JUDGMENT ARGUE MOVING DEFENDANTS SLIP PLEADINGS ALLEGATIONS AGREEMENT GREKA ENERGY CORPORATION CORPORATE EXISTENCE TERM SHEET PROVISIONS PLAINTIFFS ASSERTION PROXY STATEMENT QUOTING MCCRORV PARENT PREDICTABLE RESPONSE PROVERBIAL APPLE RELEVANT STOCK PRICES PLAINTIFF RELIES |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, :
Plaintiff,
V .
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY f/k/a HVI Civil Action No. 17674NG
ACQUISITION CORPORATION, RANDEEP S.
GREWAL, WILLIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALEX S.
CATHCART and DR. JAN F. HOLTROP,
Defendants.
REPLY MEMORANDUM IN FURTHER SUPPORT OF
DEFENDANTS' MOTION TO STAY DISCOVERY
In an all too predictable response to the Moving Defendants' Motion to Stay
Discovery during the pendency of their dispositive motion to dismiss the Amended Complaint
(the "Pending Dispositive Motion"), plaintiff raises numerous issues of fact that it contends
preclude the Court from adjudicating the purely legal issues raised in the Pending Dispositive
Motion. In essence, plaintiff wants two bites at the proverbial apple. In seeking to delay and
oppose defendants' Motion to Stay Discovery, plaintiff argues that the Pending Dispositive
Motion should be converted to one for summary judgment requiring extensive discovery. '
Plaintiffs argument is unsound. As explained below and in the Pending
Dispositive Motion, the issues raised by defendants in their motion to dismiss are purely legal,
and there is no need for discovery at this stage in the proceedings. (See Argument, Point 1,
Plaintiffs first attempt to avoid facing the legal issues entailed the fling of an Amended
Complaint that made no effort to correct the deficiencies of the original Complaint, but
simply added an additional cause of action.
SNIPPETS:
|
|
19
.
PLAINTIFFS BRIEF IN OPPOSITION TO DEFENDANTS MOTION TO STAY DISCOVERY
|
EXTRACTED KEY WORDS
DEFENDANTS GREKA TERM SHEET SABA DISCOVERY PLAINTIFF MERGER DISMISS CORPORATE EXISTENCE FACTS COURT COVENANT CONSUMMATE PREFERRED STOCK RGC SUMMARY JUDGMENT COMPLAINT SECURITIES PURCHASE AGREEMENT VIOLATION AMENDED COMPLAINT REPUDIATING SURVIVING ENTITY INVESTMENT OBLIGATIONS RIGHTS PURSUANT AUTHORITIES LITIGATION FORECLOSE PLAINTIFFS DISCOVERY FIRST EMBRACING |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
Plaintiff, i>
V. CA. No. 17674-NC
i
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY BWa HVI ;
ACQUISITION CORPORATION, RANDEEP S. ) `,
GREWAL, WILLIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALEX S. ;
CATHCART, and DR. JAN F. HOLTROP,
i ;;_--
Defendants. >
PLAINTIFF'S BRIEF IN OPPOSITION TO
DEFENDANTS' MOTION TO STAY DISCOVERY
YOUNG CONAWAY STARGATT & TAYLOR, LLP
James P. Hughes, Jr.
Martin S. Lessner
Matthew P. Denn
1 lth Floor, Rodney Square North
P.O. Box 391
Wilmington, Delaware 19899-0391
(302) 571-6692
Attorneys for Plaintiff
OF COUNSEL:
Marc J. Sonnenfeld
MORGAN LEWIS & BOCKIUS, LLP
1701 Market Street
Philadelphia, PA 19 103
(215) 963-5000
Dated: April 12, 2000
wp3:483357.1
SNIPPETS:
|
|
20
.
OPENING BRIEF OF DEFENDANTS IN SUPPORT OF JOINT MOTION TO DISMISS
|
EXTRACTED KEY WORDS
GREKA PLAINTIFF RGC RIGHTS SHAREHOLDERS DEFENDANTS BREACH AMENDED COMPLAINT LAW REDEMPTION MERGER CONVERSION VOTING RIGHTS FACTS COURT DELAWARE LAW SABA PETROLEUM COMPANY TERM SHEET CERTIFICATE COMMON STOCK MERGER AGREEMENT DESIGNATION FIDUCIARY DUTY NEGOTIATIONS GOODIER AFF OBLIGATIONS TRANSACTION PROVISIONS RGC INTERNATIONAL INVESTORS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC,
Plaintiff,
V. c-l
:,*
GREKA ENERGY CORPORATION, SABA Civil Action No. 17674-NC I:--
PETROLEUM COMPANY f/k/a HVI .;: :_ . ..-
ACQUISITION CORPORATION, RANDEEP S.
GREWAL, WILLIAM N. HAGLER, DR. CHARLES
A. KOHLHAAS, ALEX S. CATHCART and DR.
JAN F. HOLTROP.
Defendants.
OPENING BRIEF OF DEFENDANTS GREKA
ENERGY CORPORATION, SABA PETROLEUM COMPANY,
RANDEEP S. GREWAL, WILLIAM N. HAGLER, ALEX S.
CATHCART AND DR. JAN F. HOLTROP IN SUPPORT OF
THEIR JOINT MOTION TO DISMISS THE AMENDED COMPLAINT
SKADDE-N, ARPS, SLATE,
MEAGHER & FLOM LLP
One Rodney Square
Post Office Box 636
Wilmington, Delaware 19899-0636
(302) 65 l-3000
Attorneys for Defendants Greka Energy
Corporation, Saba Petroleum Company,
Randeep S. Grewal, William N. Hagler, Alex S.
Cathcart and Dr. Jan F. Holtrop
Dated: April 5, 2000
TABLE OF CONTENT-j
TABLE OF CASES AND AUTHORITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
|
|
21
.
AMENDED COMPLAINT
|
EXTRACTED KEY WORDS
STOCK MERGER SHARES GREKA AGREEMENT RIGHTS SECURITIES PLAINTIFF DEFENDANTS PROVISIONS PREFERRED STOCKHOLDERS RGC TERM SHEET CHARTER VOTE ACQUISITION CORPORATION COMMON STOCK REDEMPTION RIGHTS SABA PETROLEUM COMPANY CONVERSION CERTIFICATE PURCHASE AGREEMENT HVI ACQUISITION CORPORATION DESIGNATIONS OBLIGATIONS TRANSACTION REGISTRATION RIGHTS AGREEMENT HORIZONTAL VENTURES WRITTEN NOTICE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
RGC INTERNATIONAL INVESTORS, LDC, )
Plaintiff, 1
V. i C.A. No. 17674-NC
>
GREKA ENERGY CORPORATION, SABA
PETROLEUM COMPANY f/k/a HVI 1 _..
ACQUISITION CORPORATION, RANDEEP S. )
GREWAL, WILLIAM N. HAGLER, DR.
CHARLES A. KOHLHAAS, ALE:X S. ;
CATHCART, and DR. JAN F. HOLTROP, )
Defendants.
2..
MENDED COMPLAINT
Plaintiff, by its undersigned attorneys, alleges and states as follows:
=JRE OF THIS ACTION
1. This action, brought by a preferred stockholder of a Delaware corporation,
Saba Petroleum Company ("Saba"), presents an unusual twist on the issues commonly
raised by preferred stockholders who complain they hav |
