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SCHMITZ v HEISLEY Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 17,656, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: SCHMITZ, State: DE Delaware, UniqueCaseRef: DE>CC>00017656, Heico, Robertson, Heisley, Heico Cos, Heico Holding, Transaction, Proposing, Sage, Stock, Officer, Meadows, Common Stock, Shares, Chief Executive Officer, Duties, Breach, Price, Michael, Stanley, Reason, Public Shareholders, Expense, Stockholders, Relief, Outstanding Shares, President , ContentID: 120240577

Case Documents
1 1999-12-10 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101524
11 pages
PDF
Total Documents: 1 document , 11 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
HEICO
ROBERTSON
PLAINTIFF
HEISLEY
MEMBERS
HEICO COS
HEICO HOLDING
TRANSACTION
PROPOSING
SAGE
STOCK
OFFICER
MEADOWS
COMMON STOCK
SHARES
CHIEF EXECUTIVE OFFICER
DUTIES
BREACH
PRICE
MICHAEL
STANLEY
REASON
PUBLIC SHAREHOLDERS
LAW
EXPENSE
STOCKHOLDERS
RELIEF
OUTSTANDING SHARES
PRESIDENT
            IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
                       IN AND FOR NEW CASTLE COUNTY

------------------------------s--------x

CHARLES SCHMITZ,

                         Plaintiff,
                                               :..
             - against  -                      : Civil Action No.
                                               .
MICHAEL E. HEISLEY,SR., MICHAEL E.
HEISLEY,JR., ANDREW G.C. SAGE, II,
E.A. ROSKOVENSY, FRANK A.
BENEVENTO, II, STANLEY G. BERMAN,
STANLEY H. MEADOWS, GREGG C. SAGE,
THE HEICO COMPANIES, L.L.C., HEICO
HOLDING COMPANY, and
ROBERTSON-CECO CORPORATION,

                        Defendants.


                             CLASS ACTION COMPLAINT

             Plaintiff, alleges upon information and belief, except

for paragraph 2 hereof, which is alleged upon knowledge, as
follows:

             1.    Plaintiff brings this action pursuant to Rule 23 of

the Rules of the Court of Chancery individually and as a class

action on behalf of all persons, other than defendants and those in

privity with them, who own the common stock of Robertson-Ceco

Corporation ("Robertson" or the "Company").

             2.    Plaintiff has been the owner of the common stock of

the Company since prior to the transaction herein complained of and

continuously to date.



          3.     Robertson is a corporation           duly  organized and
SNIPPETS:
  • Plaintiff, alleges upon information and belief, except
  • action on behalf of all persons, other than defendants and those in
  • who own the common stock of Robertson-Ceco
  • Corporation ("Robertson" or the "Company").
  • entity proposing to purchase the remaining outstanding shares of
  • Collectively, Heico Cos., Heico Holding, Inc. ("Heico
  • Holding"), and Defendant Michael E. Heisley, Sr.,
  • own 11.2 million shares of Robertson,
  • company's outstanding shares.
  • is also a Director and the Chief Executive Officer of the Company.
  • and also serves as its President and Chief
  • Defendant Stanley H. Meadows is a
  • The Individual Defendants, by reason of their
  • public shareholders of Robertson the highest duties of good faith,
  • The Class is so numerous that joinder of all members
  • There are questions of law and fact which are common
  • the detriment of the plaintiff and the other public stockholders
  • constitutes a breach of the duty of fair
  • and whether the Class is entitled to injunctive relief
  • The price of $10.00 per share to be paid to the
  • unfairly from the transaction at the expense of Robertson's public
  •    |