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1
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COMPLAINT PURSUANT TO 8 DEL C SEC 220 FOR ACCESS TO CORPORATE BOOKS AND RECORDS
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EXTRACTED KEY WORDS
FINANCING SOUTHBROOK STOCK ISCO PLAINTIFF DIRECTORS PROPOSALS ILLINOIS SIMPSON PURPOSE BUSINESS INVESTMENTS FINANCING AGREEMENT COMMON STOCK PRICE ILLINOIS SUPERCONDUCTOR CORPORATION BOOKS DELAWARE DOCUMENTS EVIDENCING COMMUNICATIONS SOUTHBROOK INTERNATIONAL INVESTMENTS AGENTS FIDUCIARY DUTIES CONVERSION REQUEST BROWN SIMPSON TRANSACTIONS INSPECTION ASCERTAIN OPERATING |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
Plaintiff,
v.
ILLINOIS SUPERCONDUCTOR CORPORATION,
Defendant.
____________________---------------------------------------------------- x
COMPLAINT PURSUANT TO 8 DEL. C. d 220 FOR
ACCESS TO CORPORATE BOOKS AND RECORDS
1. Plaintiff, Steve Levy, resides at 3100 Dundee Road, Suite 801,
Illinois 60062. Plaintiff Levy is a shareholder of record of Illinois Superconductor Corporation
stock.
2. Defendant Illinois Superconductor Corporation ("ISCO" or the "Company")
is a Delaware corporation with its principal place of business at 45 1 Kingston Court Mount
Illinois 60056.
3. By letter dated November 9, 1999, which was forwarded to defendants on
November 18, 1999, plaintiff made a written demand upon ISCO (the "Demand Letter"), (Exhibit
1 hereto), pursuant to 8 Del. C. $220 to inspect and copy the following financial and other records
of ISCO for the period January 1, 1996 through June 30, 1998:
(4 Copies of the minutes of all shareholders' and directors' meetings;
., (b> A copy of the Corporate By-Laws of the Company;
(4 All financial records relating to loans to the Company;
Cd) All documents evidencing communications including internal memoranda
concerning Company financing;
(e> All documents evidencing communications with the following persons of
entities:
1) Sheldon Drobny;
2) Dr. Semir Sirazi;
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